MLAA Technical Analysis - L AGENCE AUTOMOBILIERE SACA

Technical Rating and Analysis

Overall MLAA gets a technical rating of 3 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. MLAA was also a bad performer in the overall market in the last year.

100% of all other stocks performed better in the past year than MLAA.

MLAA is part of the Specialty Retail industry. There are 55 other stocks in this industry, of which 87% are performing better than MLAA.

Warning: MLAA has an average volume of 259 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

MLAA is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.

Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.

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.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

L AGENCE AUTOMOBILIERE SACA / MLAA Weekly stock chart

L AGENCE AUTOMOBILIERE SACA / MLAA Daily stock chart

Setup Rating and Analysis

MLAA has a poor technical rating and the quality of the setup is also only medium 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.76

3.52

We found 1 important support area.

A support zone ranging from 1.78 to 1.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

5 important resistance areas can be observed.

Resistance @1.81 from a horizontal line in the weekly time frame.
Resistance @1.93 from a horizontal line in the daily time frame.
Resistance @2.48 from a trend line in the daily time frame.
Resistance @2.98 from a trend line in the weekly time frame.
Resistance @3.49 from a trend line in the daily time frame.

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Technical Indicator Signal Analysis

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	DOWN	NEGATIVE	The long term trend for MLAA.PA is down.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for MLAA.PA is up.
ChartMill Relative Strength	0	NEGATIVE	MLAA.PA has a low relative strength, it was outperformed by 100% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of MLAA.PA is above the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	MIXED	The current price of MLAA.PA is above a declining SMA(50).
Relative Strength Index/RSI (14)	62.64	NEUTRAL	The RSI value for MLAA.PA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.09	POSITIVE	The MACD value suggests MLAA.PA has a positive trend, although the MACD value is declining.
Stochastics (14,3)	90.37	OVERBOUGHT	The high Stochastics value suggests MLAA.PA may be overbought.
Average True Range in percent/ATR (20)	5.69	HIGH VOLATILITY	The high ATR as a percentage value for MLAA.PA suggests high volalility.
Average Directional Index/ADX (14)	24	NEUTRAL	The ADX value for MLAA.PA suggests a possible start of a new trend.