We assign a technical rating of 0 out of 10 to MLCO. MLCO's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 76% of all other stocks performed better in the past year than MLCO.
- In the last month MLCO has a been trading in the 6.05 - 8.10 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- MLCO has an average volume of 1688660 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- MLCO is an average performer in the Hotels, Restaurants & Leisure industry, it outperforms 47% of 133 stocks in the same industry.
- MLCO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MLCO is lagging the market.
The technical rating of MLCO is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
6.07
3 important resistance areas can be observed.
- A resistance zone ranging from 6.74 to 6.94. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @8.66 from a trend line in the weekly time frame.
- Resistance @9.01 from a trend 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 | DOWN | NEGATIVE | The long term trend for MLCO is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MLCO is down. |
| ChartMill Relative Strength | 24.36 | NEGATIVE | MLCO has a low relative strength, it was outperformed by 75.64% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MLCO is below 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 | MIXED | The current price of MLCO is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 19.32 | OVERSOLD | The low RSI value suggests MLCO may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests MLCO has a negative trend. |
| Stochastics (14,3) | 8.09 | OVERSOLD | The low Stochastics value suggests MLCO may be oversold. |
| Average True Range in percent/ATR (20) | 4.11 | MEDIUM VOLATILITY | The ATR as a percentage value for MLCO suggests some volalility. |
| Average Directional Index/ADX (14) | 40.16 | POSITIVE | The high ADX value value for MLCO suggests a strong trend. |
6.13
-0.6 (-8.92%)
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 0 / 10 to MLCO.
What is the trend direction for 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 19.3236. This indicates that the stock is currently oversold.
What is the MACD signal for MELCO RESORTS & ENTERT-ADR (MLCO) stock?
The MACD indicator for MELCO RESORTS & ENTERT-ADR (MLCO) has a value of -0.0810777, indicating a bearish trend.
What are the support and resistance levels for MELCO RESORTS & ENTERT-ADR (MLCO) stock?
MELCO RESORTS & ENTERT-ADR (MLCO) has a resistance level at 6.74. Check the full technical report for our detailed analysis of MLCO support and resistance levels.