MESA LABORATORIES INC (MLAB) Technical Analysis
NASDAQ:MLAB • US59064R1095
We assign a technical rating of 7 out of 10 to MLAB. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, MLAB is a bad performer.
- When comparing the yearly performance of all stocks, MLAB is a bad performer in the overall market: 77% of all stocks are doing better.
- Both the short term and long term trends are positive. This is a very positive sign.
- MLAB is an average performer in the Life Sciences Tools & Services industry, it outperforms 64% of 57 stocks in the same industry.
- MLAB is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MLAB is lagging the market.
- In the last month MLAB has a been trading in the 85.91 - 98.14 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.
MLAB has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 96.44. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 92.82, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
77.72
4 important support areas can be observed.
- A support zone ranging from 91.36 to 92.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 83.22 to 84.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @80.23 from a trend line in the daily time frame.
- A support zone ranging from 78.50 to 78.80. This zone is formed by a combination of multiple trend lines in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 96.44 to 96.57. 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 | UP | POSITIVE | The long term trend for MLAB is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MLAB is up. |
| ChartMill Relative Strength | 23.65 | NEGATIVE | MLAB has a low relative strength, it was outperformed by 76.35% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MLAB is above the rising 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 | MIXED | The current price of MLAB is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.05 | NEUTRAL | The RSI value for MLAB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.31 | NEGATIVE | The MACD value suggests MLAB has a negative trend. |
| Stochastics (14,3) | 59.27 | NEUTRAL | The Stochastics value for MLAB is a neutral value. |
| Average True Range in percent/ATR (20) | 5.14 | HIGH VOLATILITY | The high ATR as a percentage value for MLAB suggests high volalility. |
| Average Directional Index/ADX (14) | 22.78 | NEUTRAL | The ADX value for MLAB suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 96.58 | 91.35 | 5.23 (5.42%) | 18.47% |
| An entry @96.58. This is a Buy Stop order right above the resistance zone. | An exit @91.35. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 5.23 points, which is 5.42%. | When investing 18.47% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of MLAB. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
MLAB Technicals: Chart, Performance Metrics, Trend & Indicators
92.83
+1.47 (+1.61%)
MESA LABORATORIES INC / MLAB FAQ
Can you provide the ChartMill technical rating for MESA LABORATORIES INC?
ChartMill assigns a technical rating of 7 / 10 to MLAB.
What is the current trend direction of MESA LABORATORIES INC (MLAB) stock?
The current trend direction for MESA LABORATORIES INC (MLAB) is Bullish.
What is the RSI signal for MESA LABORATORIES INC (MLAB) stock?
MESA LABORATORIES INC (MLAB) has an RSI value of 55.0456. This indicates that the stock is currently neutral.
What is the MACD signal for MESA LABORATORIES INC (MLAB) stock?
The MACD indicator for MESA LABORATORIES INC (MLAB) has a value of -0.309723, indicating a bearish trend.
What is the short term momentum for MLAB stock?
The short term momentum for MESA LABORATORIES INC (MLAB) is positive.