MICHELIN (CGDE) (ML.PA)       30.375  +0.13 (+0.43%)

30.375  +0.13 (+0.43%)

FR001400AJ45 - Common Stock

Technical Rating

5

Overall ML gets a technical rating of 5 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. ML was also a bad performer in the overall market in the last year.



In the last month ML has a been trading in the 27.95 - 30.68 range, which is quite wide. It is currently trading near the high of this range.
ML has an average volume of 1539560 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
97% of all other stocks performed better in the past year than ML.
ML is part of the Auto Components industry. There are 12 other stocks in this industry, of which 92% are performing better than ML.
ML is currently trading near the lower end of its 52 week range, which is not a good sign. ML is lagging the S&P500 Index which is trading in the middle of its 52 week range.

Statistics

1 Month 3 Months 6 Months 12 Months 5.03% 18.05% 10.31% -79.29% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 3.87 21.985 - 153.4
ML Weekly chart
ML Daily chart

Support/Resistance Analysis


25.54

30.69
We found 3 important support areas.
  • A support zone ranging from 29.12 to 29.17. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • A support zone ranging from 27.63 to 27.74. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • A support zone ranging from 25.80 to 25.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
  • A resistance zone ranging from 30.39 to 30.39. This zone is formed by a combination of multiple trend lines in multiple time frames.

Setup Analysis

Setup Rating

3

ML has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.


ML Daily chart

MICHELIN (CGDE)30.375

EPA:ML (2/3/2023, 7:00:00 PM)+0.13 (+0.43%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Consumer Discretionary
GICS Industry Auto Components

Performance
Today 0.43% 1 Week 5.07%
2 Weeks 7.37% 1 Month 5.03%
3 Month 18.05% 6 Month 10.31%

Volatility
ATR(14) 0.66 ATR(20)% 2.05%
ATR Inc 69.18% Range Today 0.63

Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)

Relative Strength & Ranges
CRS 3.87 Mansfield -4.84
10 Day High 30.68 10 Day Low 28.27
20 Day High 30.68 20 Day Low 27.96
52 Week High 153.4 52 Week Low 21.99
CS1 End 29.17 CR1 Start 30.39

Volume & EV
DER(3) 0.94% DER(5) 0.49%
Volume 1.89M Volume Incr 1.86%
Vol(5) 1.53M Vol(50) 1.54M

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