MLEC Technical Analysis - MOOLEC SCIENCE SA

Technical Rating and Analysis

Taking everything into account, MLEC scores 0 out of 10 in our technical rating. MLEC scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

100% of all other stocks performed better in the past year than MLEC.

MLEC is part of the Food Products industry. There are 88 other stocks in this industry, of which 93% are performing better than MLEC.

MLEC is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

In the last month MLEC has a been trading in the 1.12 - 2.87 range, which is quite wide. It is currently trading near the lows of this range.

Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

MOOLEC SCIENCE SA / MLEC Weekly stock chart

MOOLEC SCIENCE SA / MLEC Daily stock chart

Setup Rating and Analysis

MLEC 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.34

1.40

When analyzing the resistance we notice one important area.

A resistance zone ranging from 1.37 to 1.39. This zone is formed by a combination of multiple trend lines in multiple time frames.

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Support and Resistance indicators

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Technical Indicator Signal Analysis

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 MLEC is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for MLEC is down.
ChartMill Relative Strength	0.38	NEGATIVE	MLEC has a low relative strength, it was outperformed by 99.62% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of MLEC is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of MLEC is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of MLEC is below a declining SMA(200).
Relative Strength Index/RSI (14)	26.43	OVERSOLD	The low RSI value suggests MLEC may be oversold.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.09	POSITIVE	The MACD value suggests MLEC has a positive trend.
Stochastics (14,3)	16.8	OVERSOLD	The low Stochastics value suggests MLEC may be oversold.
Average True Range in percent/ATR (20)	15.36	HIGH VOLATILITY	The high ATR as a percentage value for MLEC suggests high volalility.
Average Directional Index/ADX (14)	51.51	POSITIVE	The high ADX value value for MLEC suggests a strong trend.