MESA LABORATORIES INC (MLAB) Stock Technical Analysis
USA - NASDAQ:MLAB - US59064R1095 - Common Stock
Overall MLAB gets a technical rating of 2 out of 10. MLAB's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The technical rating of MLAB is bad and it also does not present a 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
61.04
When analyzing the support we notice one important area.
- A support zone ranging from 61.66 to 62.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- Resistance @72.46 from a trend line in the daily time frame.
- A resistance zone ranging from 77.03 to 77.05. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 78.80 to 79.17. This zone is formed by a combination of multiple trend lines 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 | DOWN | NEGATIVE | The long term trend for MLAB is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MLAB is neutral. |
| ChartMill Relative Strength | 10.82 | NEGATIVE | MLAB has a low relative strength, it was outperformed by 89.18% 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) | UP | POSITIVE | The current price of MLAB is above the rising 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) | 47.11 | NEUTRAL | The RSI value for MLAB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.29 | NEGATIVE | The MACD value suggests MLAB has a negative trend. |
| Stochastics (14,3) | 56.93 | NEUTRAL | The Stochastics value for MLAB is a neutral value. |
| Average True Range in percent/ATR (20) | 5.42 | HIGH VOLATILITY | The high ATR as a percentage value for MLAB suggests high volalility. |
| Average Directional Index/ADX (14) | 23.16 | NEUTRAL | The ADX value for MLAB suggests a possible start of a new trend. |
71.89
-4.13 (-5.43%)
MESA LABORATORIES INC / MLAB FAQ
Can you provide the ChartMill technical rating for MESA LABORATORIES INC?
ChartMill assigns a technical rating of 2 / 10 to MLAB.
Can you provide the trend direction for MESA LABORATORIES INC?
The current trend direction for MESA LABORATORIES INC (MLAB) is Bearish.
What is the RSI signal for MESA LABORATORIES INC (MLAB) stock?
MESA LABORATORIES INC (MLAB) has an RSI value of 47.1107. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for MESA LABORATORIES INC?
MESA LABORATORIES INC (MLAB) has a support level at 62.61 and a resistance level at 72.46. Check the full technical report for our detailed analysis of MLAB support and resistance levels.