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.
The long and short term trends are both positive. This is looking good!
MLCO is part of the Hotels, Restaurants & Leisure industry. There are 131 other stocks in this industry. MLCO outperforms 90% of them.
MLCO is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month MLCO has a been trading in the 6.76 - 9.16 range, which is quite wide. It is currently trading near the high of this range.
MLCO has an average volume of 3266340 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that MLCO is one of the better performing stocks in the market, outperforming 93% of all stocks. However, this relatively good performance is mostly due to a recent big move.
MLCO has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately.
More info and screens
6.84
9.07
When analyzing the support we can see 2 important areas.
- A support zone ranging from 8.90 to 8.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @6.91 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @8.98 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 | 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 | 93.71 | POSITIVE | MLCO has a high relative strength, it outperformed 93.71% 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) | 73.1 | OVERBOUGHT | The high RSI value suggests MLCO may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests MLCO has a negative trend. |
| Stochastics (14,3) | 87.88 | OVERBOUGHT | The high Stochastics value suggests MLCO may be overbought. |
| Average True Range in percent/ATR (20) | 3.27 | MEDIUM VOLATILITY | The ATR as a percentage value for MLCO suggests some volalility. |
| Average Directional Index/ADX (14) | 57.66 | 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)
8.92
-0.22 (-2.41%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg-2.41%
1 Week1.25%
2 Weeks0.9%
1 Month30.41%
3 Month74.9%
6 Month59.29%
12 Month51.96%
2 Year-34.51%
3 Year73.2%
5 Year-45.81%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.24
ATR(20)%3.27%
ATR Inc8.61%
Range Today0.38
ADR(20)0.26
ADR(20)%2.89%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.71
Mansfield3.22
10 Day High9.16
10 Day Low8.51
20 Day High9.16
20 Day Low6.76
52 Week High9.16
52 Week Low4.55
CS1 End8.91
CR1 Start8.98
Volume & EV
DER(3)0.68%
DER(5)-1.26%
Volume3.01M
Volume Incr-35%
Vol(5)2.83M
Vol(50)3.27M