MICHELIN (CGDE) (ML.PA) Stock Technical Analysis
EPA:ML - Euronext Paris - Matif - FR001400AJ45 - Common Stock - Currency: EUR
Taking everything into account, ML scores 4 out of 10 in our technical rating. 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.
85% of all other stocks performed better in the past year than ML.
ML is part of the Automobile Components industry. There are 27 other stocks in this industry, of which 73% are performing better than ML.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month ML has a been trading in the 30.63 - 32.99 range, which is quite wide. It is currently trading near the high of this range.
ML has an average volume of 1260960 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
ML is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ML is lagging the market.
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.
More info and screens
29.05
38.03
2 important support areas can be observed.
- A support zone ranging from 30.96 to 32.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 29.34 to 29.74. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 32.78 to 33.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @34.60 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 35.35 to 35.36. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @37.65 from a horizontal line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for ML.PA is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ML.PA is up. |
| ChartMill Relative Strength | 15.65 | NEGATIVE | ML.PA has a low relative strength, it was outperformed by 84.35% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ML.PA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ML.PA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ML.PA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.88 | NEUTRAL | The RSI value for ML.PA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.2 | POSITIVE | The MACD value suggests ML.PA has a positive trend. |
| Stochastics (14,3) | 92.21 | OVERBOUGHT | The high Stochastics value suggests ML.PA may be overbought. |
| Average True Range in percent/ATR (20) | 1.65 | LOW VOLATILITY | The low ATR as a percentage value for ML.PA suggests low volalility. |
| Average Directional Index/ADX (14) | 15.89 | NEGATIVE | The low ADX value for ML.PA suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
EPA:ML (8/21/2025, 4:31:09 PM)
32.46
-0.31 (-0.95%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobile Components
Performance
% Chg-0.95%
1 Week2.7%
2 Weeks6.71%
1 Month0.71%
3 Month-1.65%
6 Month-2.15%
12 Month-8.08%
2 Year13.35%
3 Year34.83%
5 Year38.53%
10 Year51.91%
15 Year123.65%
Volatility
ATR(14)0.44
ATR(20)%1.65%
ATR Inc23.26%
Range Today0.48
ADR(20)0.51
ADR(20)%1.57%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.65
Mansfield-0.81
10 Day High32.95
10 Day Low30.7
20 Day High32.99
20 Day Low30.63
52 Week High37.44
52 Week Low28.47
CS1 End32.04
CR1 Start32.78
Volume & EV
DER(3)-2.14%
DER(5)1.56%
Volume291.34K
Volume Incr-31.49%
Vol(5)884.86K
Vol(50)1.26M