Taking everything into account, MLAB scores 3 out of 10 in our technical rating. MLAB performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
- When comparing the yearly performance of all stocks, MLAB is a bad performer in the overall market: 83% of all stocks are doing better.
- MLAB is one of the lesser performing stocks in the Life Sciences Tools & Services industry. 66% of 58 stocks in the same industry do better.
- 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 77.48 - 89.95 range, which is quite wide. It is currently trading near the lows of this range.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- Considerably lower volume is observed in the last couple of days.
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
69.89
When analyzing the support we can see 3 important areas.
- A support zone ranging from 78.30 to 78.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @75.00 from a trend line in the daily time frame.
- Support @70.60 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 79.54 to 80.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 86.63 to 88.69. 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 | NEUTRAL | NEUTRAL | The long term trend for MLAB is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MLAB is down. |
| ChartMill Relative Strength | 17.6 | NEGATIVE | MLAB has a low relative strength, it was outperformed by 82.4% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of MLAB is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of MLAB is below 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) | 41.96 | NEUTRAL | The RSI value for MLAB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.06 | NEGATIVE | The MACD value suggests MLAB has a negative trend. |
| Stochastics (14,3) | 8.89 | OVERSOLD | The low Stochastics value suggests MLAB may be oversold. |
| Average True Range in percent/ATR (20) | 5 | HIGH VOLATILITY | The high ATR as a percentage value for MLAB suggests high volalility. |
| Average Directional Index/ADX (14) | 16.47 | NEGATIVE | The low ADX value for MLAB suggests a weak or negative trend. |
78.76
+0.08 (+0.1%)
MESA LABORATORIES INC / MLAB FAQ
Can you provide the ChartMill technical rating for MESA LABORATORIES INC?
ChartMill assigns a technical rating of 3 / 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 Bearish.
What is the RSI signal for MESA LABORATORIES INC (MLAB) stock?
MESA LABORATORIES INC (MLAB) has an RSI value of 41.9586. 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 -1.06373, indicating a bearish trend.
What is the short term momentum for MLAB stock?
The short term momentum for MESA LABORATORIES INC (MLAB) is negative.