MELCO RESORTS & ENTERT-ADR (MLCO) Stock Technical Analysis
USA - NASDAQ:MLCO - US5854641009 - ADR
Taking everything into account, MLCO scores 1 out of 10 in our technical rating. MLCO has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
MLCO has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 8.46. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 7.86, a Stop Loss order could be placed below this zone.
More info and screens
7.46
When analyzing the support we can see 2 important areas.
- A support zone ranging from 7.78 to 7.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @7.54 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 8.46 to 8.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @9.52 from a trend line in the daily time frame.
- Resistance @10.13 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 | NEUTRAL | NEUTRAL | The long term trend for MLCO is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MLCO is down. |
| ChartMill Relative Strength | 63.03 | NEUTRAL | MLCO is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of MLCO is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MLCO is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MLCO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.34 | NEUTRAL | The RSI value for MLCO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests MLCO has a positive trend. |
| Stochastics (14,3) | 70.44 | NEUTRAL | The Stochastics value for MLCO is a neutral value. |
| Average True Range in percent/ATR (20) | 5.07 | HIGH VOLATILITY | The high ATR as a percentage value for MLCO suggests high volalility. |
| Average Directional Index/ADX (14) | 25.33 | POSITIVE | The high ADX value value for MLCO suggests a strong trend. |
8.45
+0.13 (+1.56%)
MELCO RESORTS & ENTERT-ADR / MLCO FAQ
What is the ChartMill technical rating of MELCO RESORTS & ENTERT-ADR (MLCO) stock?
ChartMill assigns a technical rating of 1 / 10 to MLCO.
What is the current trend direction of MELCO RESORTS & ENTERT-ADR (MLCO) stock?
The current trend direction for MELCO RESORTS & ENTERT-ADR (MLCO) is Bearish.
Can you provide the RSI signal for MELCO RESORTS & ENTERT-ADR?
MELCO RESORTS & ENTERT-ADR (MLCO) has an RSI value of 48.3388. This indicates that the stock is currently neutral.
Can you provide the short term momentum for MELCO RESORTS & ENTERT-ADR?
The short term momentum for MELCO RESORTS & ENTERT-ADR (MLCO) is negative.