7.99 USD
+0.1 (+1.27%)
7.99 USD
0 (0%)
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.
In the last month MLCO has a been trading in the 7.71 - 9.53 range, which is quite wide. It is currently trading near the lows of this range.
MLCO has an average volume of 2132350 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
When compared to the yearly performance of all other stocks, MLCO outperforms 62% of them, which is more or less in line with the market.
MLCO is part of the Hotels, Restaurants & Leisure industry. There are 133 other stocks in this industry, MLCO did better than 69% of them.
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.
MLCO has a poor technical rating and the quality of the setup is also not perfect 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
7.78
9.31
We found 1 important support area.
- Support @7.86 from a horizontal line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 8.46 to 8.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @8.92 from a trend line in the weekly time frame.
- A resistance zone ranging from 9.12 to 9.22. 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 MLCO is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MLCO is down. |
| ChartMill Relative Strength | 62.64 | NEUTRAL | MLCO is not amongst the best or worst performers 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 | POSITIVE | The current price of MLCO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 36.67 | NEUTRAL | The RSI value for MLCO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests MLCO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 9.11 | OVERSOLD | The low Stochastics value suggests MLCO may be oversold. |
| Average True Range in percent/ATR (20) | 3.81 | MEDIUM VOLATILITY | The ATR as a percentage value for MLCO suggests some volalility. |
| Average Directional Index/ADX (14) | 19.81 | NEGATIVE | The low ADX value for MLCO suggests a weak or negative 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)
7.99
+0.1 (+1.27%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg1.27%
1 Week-1.48%
2 Weeks-9%
1 Month-7.95%
3 Month-16.68%
6 Month24.84%
12 Month29.92%
2 Year-9.92%
3 Year-30.52%
5 Year-56.93%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.3
ATR(20)%3.81%
ATR Inc-41.85%
Range Today0.17
ADR(20)0.29
ADR(20)%3.69%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS62.64
3 months CRS17.32
6 months CRS81.64
Mansfield0.15
10 Day High9.22
10 Day Low7.71
20 Day High9.53
20 Day Low7.71
52 Week High10.15
52 Week Low4.55
CS1 End7.86
CR1 Start8.46
Volume & EV
DER(3)-1.72%
DER(5)-1.86%
Volume1.87M
Volume Incr-11.05%
Vol(5)1.47M
Vol(50)2.13M
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 36.6678. 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.