MONEYLION INC (ML) Stock Technical Analysis
NYSE:ML - New York Stock Exchange, Inc. - US60938K3041 - Common Stock - Currency: USD
Taking everything into account, ML scores 4 out of 10 in our technical rating. ML was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
ML is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so ML is performing more or less in line with the market.
Looking at the yearly performance, ML did better than 86% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
ML is part of the Consumer Finance industry. There are 51 other stocks in this industry, ML did better than 68% of them.
In the last month ML has a been trading in the 83.40 - 88.51 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
Although the technical rating is only medium, ML does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 86.47. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 85.75, a Stop Loss order could be placed below this zone.
More info and screens
51.55
88.27
We found 2 important support areas.
- A support zone ranging from 85.01 to 85.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @52.07 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 86.47 to 87.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | UP | POSITIVE | The long term trend for ML is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ML is neutral. |
| ChartMill Relative Strength | 86.54 | POSITIVE | ML has a high relative strength, it outperformed 86.54% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ML is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ML is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ML is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 46.16 | NEUTRAL | The RSI value for ML is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests ML has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 50.11 | NEUTRAL | The Stochastics value for ML is a neutral value. |
| Average True Range in percent/ATR (20) | 1.42 | LOW VOLATILITY | The low ATR as a percentage value for ML suggests low volalility. |
| Average Directional Index/ADX (14) | 22.63 | NEUTRAL | The ADX value for ML suggests a possible start of a new 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)
85.9
+0.2 (+0.23%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryConsumer Finance
Performance
% Chg0.23%
1 Week-0.31%
2 Weeks-1.23%
1 Month-2.61%
3 Month-0.98%
6 Month85.01%
12 Month24.26%
2 Year823.66%
3 Year37.66%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.47
ATR(20)%1.42%
ATR Inc-25.19%
Range Today1.1
ADR(20)1.19
ADR(20)%1.39%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.54
Mansfield2.43
10 Day High87.06
10 Day Low83.4
20 Day High88.51
20 Day Low83.4
52 Week High106.82
52 Week Low36.65
CS1 End85.75
CR1 Start86.47
Volume & EV
DER(3)-1.37%
DER(5)-0.81%
Volume2.72M
Volume Incr569.32%
Vol(5)918.78K
Vol(50)234.17K