MESA LABORATORIES INC (MLAB) Stock Technical Analysis
NASDAQ:MLAB - Nasdaq - US59064R1095 - Common Stock - Currency: USD
Taking everything into account, MLAB scores 0 out of 10 in our technical rating. MLAB scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, MLAB is a bad performer in the overall market: 97% of all stocks are doing better.
MLAB is part of the Life Sciences Tools & Services industry. There are 54 other stocks in this industry, of which 92% are performing better than MLAB.
MLAB is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month MLAB has a been trading in the 55.45 - 80.40 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, MLAB does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 68.87. Right above this resistance zone may be a good entry point.
More info and screens
66.24
129.96
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 68.87 to 70.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @80.17 from a trend line in the daily time frame.
- Resistance @96.21 from a trend line in the weekly time frame.
- Resistance @98.27 from a trend line in the daily time frame.
- Resistance @128.67 from a horizontal line in the daily 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 | DOWN | NEGATIVE | The long term trend for MLAB is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MLAB is down. |
| ChartMill Relative Strength | 3.68 | NEGATIVE | MLAB has a low relative strength, it was outperformed by 96.32% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MLAB is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MLAB is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MLAB is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 42.09 | NEUTRAL | The RSI value for MLAB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.18 | POSITIVE | The MACD value suggests MLAB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 58.47 | NEUTRAL | The Stochastics value for MLAB is a neutral value. |
| Average True Range in percent/ATR (20) | 7.17 | HIGH VOLATILITY | The high ATR as a percentage value for MLAB suggests high volalility. |
| Average Directional Index/ADX (14) | 31.22 | POSITIVE | The high ADX value value for MLAB suggests a strong 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)
66.91
-1.96 (-2.85%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryLife Sciences Tools & Services
Performance
% Chg-2.85%
1 Week-1.44%
2 Weeks5.42%
1 Month-9.98%
3 Month-39.09%
6 Month-52.78%
12 Month-50.74%
2 Year-53.33%
3 Year-60.84%
5 Year-72.79%
10 Year-38.27%
15 Year194.5%
Volatility
ATR(14)5.48
ATR(20)%7.17%
ATR Inc-56.62%
Range Today2.84
ADR(20)4.65
ADR(20)%6.95%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS3.68
Mansfield-4.69
10 Day High70.7
10 Day Low59.94
20 Day High80.4
20 Day Low55.45
52 Week High155.12
52 Week Low55.45
CS1 EndN/A
CR1 Start68.87
Volume & EV
DER(3)-2.18%
DER(5)-3.12%
Volume100.00K
Volume Incr-27.29%
Vol(5)91.54K
Vol(50)162.87K