MELCO RESORTS & ENTERT-ADR (MLCO) Stock Technical Analysis
NASDAQ:MLCO - Nasdaq - US5854641009 - ADR - Currency: USD
We assign a technical rating of 9 out of 10 to MLCO. Both in the recent history as in the last year, MLCO has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
MLCO is part of the Hotels, Restaurants & Leisure industry. There are 503 other stocks in this industry. MLCO outperforms 95% of them.
MLCO is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so MLCO is lagging the market slightly.
In the last month MLCO has a been trading in the 5.80 - 8.52 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
MLCO has an average volume of 3777050 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, MLCO did better than 90% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although MLCO has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
6.35
8.51
We found 1 important support area.
- A support zone ranging from 6.41 to 6.45. This zone is formed by a combination of multiple trend lines and important moving averages 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 MLCO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MLCO is up. |
| ChartMill Relative Strength | 90.81 | POSITIVE | MLCO has a high relative strength, it outperformed 90.81% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MLCO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MLCO is above the rising 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) | 83.79 | OVERBOUGHT | The high RSI value suggests MLCO may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.17 | POSITIVE | The MACD value suggests MLCO has a positive trend. |
| Stochastics (14,3) | 94.98 | OVERBOUGHT | The high Stochastics value suggests MLCO may be overbought. |
| Average True Range in percent/ATR (20) | 3.38 | MEDIUM VOLATILITY | The ATR as a percentage value for MLCO suggests some volalility. |
| Average Directional Index/ADX (14) | 40.56 | POSITIVE | The high ADX value value for MLCO suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
8.43
+0.37 (+4.59%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg4.59%
1 Week21.12%
2 Weeks34.24%
1 Month34.88%
3 Month75.63%
6 Month50.54%
12 Month18.4%
2 Year-38.11%
3 Year63.69%
5 Year-48.78%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.31
ATR(20)%3.38%
ATR Inc222.27%
Range Today0.55
ADR(20)0.24
ADR(20)%2.85%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.81
Mansfield2.98
10 Day High8.52
10 Day Low6.26
20 Day High8.52
20 Day Low5.81
52 Week High8.9
52 Week Low4.55
CS1 End6.41
CR1 Start7.21
Volume & EV
DER(3)2.8%
DER(5)8.04%
Volume8.49M
Volume Incr289.8%
Vol(5)8.61M
Vol(50)3.78M