MALIN CORP PLC (MLC.I) Stock Technical Analysis
DUB:MLC - Euronext Dublin - IE00BVGC3741 - Common Stock - Currency: EUR
Taking everything into account, MLC scores 2 out of 10 in our technical rating. Although MLC is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, MLC does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 8.71. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 8.29, a Stop Loss order could be placed below this zone.
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6.09
When analyzing the support we can see 4 important areas.
- A support zone ranging from 8.14 to 8.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @6.90 from a trend line in the weekly time frame.
- Support @6.30 from a trend line in the weekly time frame.
- Support @6.15 from a trend line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 8.71 to 8.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @10.30 from a horizontal line in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for MLC.I is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MLC.I is down. |
| ChartMill Relative Strength | 80.7 | POSITIVE | MLC.I has a high relative strength, it outperformed 80.7% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MLC.I is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MLC.I is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MLC.I is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.78 | NEUTRAL | The RSI value for MLC.I is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests MLC.I has a positive trend. |
| Stochastics (14,3) | 25 | NEUTRAL | The Stochastics value for MLC.I is a neutral value. |
| Average True Range in percent/ATR (20) | 3.47 | MEDIUM VOLATILITY | The ATR as a percentage value for MLC.I suggests some volalility. |
| Average Directional Index/ADX (14) | 17.48 | NEGATIVE | The low ADX value for MLC.I suggests a weak or negative trend. |
DUB:MLC (6/4/2025, 7:00:00 PM)
8.3
+0.15 (+1.84%)