MOOLEC SCIENCE SA (MLEC) Technical Analysis
NASDAQ:MLEC • KYG6223S1259
Current stock price
MLEC Technical Rating and Analysis
Taking everything into account, MLEC scores 3 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. MLEC was also a bad performer in the overall market in the last year.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- 92% of all other stocks performed better in the past year than MLEC.
- MLEC is one of the lesser performing stocks in the Food Products industry. 76% of 87 stocks in the same industry do better.
- 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.
- 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.
- MLEC has an average volume of 1517380 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month MLEC has a been trading in the 5.41 - 11.76 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
MLEC Weekly and Daily overview Charts
MLEC Setup Rating and Analysis
Although the technical rating is bad, MLEC does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
More info and screens
MLEC Support and Resistance Analysis
6.36
4 important support areas can be observed.
- Support @7.16 from a horizontal line in the daily time frame.
- Support @6.94 from a horizontal line in the weekly time frame.
- Support @6.75 from a trend line in the daily time frame.
- Support @6.42 from a trend line in the daily time frame.
We can see 3 important resistance areas.
- Resistance @8.70 from a trend line in the daily time frame.
- Resistance @11.41 from a horizontal line in the daily time frame.
- Resistance @15.59 from a trend line in the daily time frame.
MLEC 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 | NEUTRAL | NEUTRAL | The short term trend for MLEC is neutral. |
| ChartMill Relative Strength | 8.29 | NEGATIVE | MLEC has a low relative strength, it was outperformed by 91.71% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MLEC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of MLEC is below the rising 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) | 50.78 | NEUTRAL | The RSI value for MLEC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests MLEC has a positive trend. |
| Stochastics (14,3) | 16.7 | OVERSOLD | The low Stochastics value suggests MLEC may be oversold. |
| Average True Range in percent/ATR (20) | 13.92 | HIGH VOLATILITY | The high ATR as a percentage value for MLEC suggests high volalility. |
| Average Directional Index/ADX (14) | 14.7 | NEGATIVE | The low ADX value for MLEC suggests a weak or negative trend. |
MLEC Chart- and CandleStick Pattern Analysis
MLEC Technicals: Chart, Performance Metrics, Trend & Indicators
8.09
+0.82 (+11.28%)
MOOLEC SCIENCE SA / MLEC TA FAQ
What is the ChartMill technical rating of MOOLEC SCIENCE SA (MLEC) stock?
ChartMill assigns a technical rating of 3 / 10 to MLEC.
What is the trend direction for MLEC stock?
The current trend direction for MOOLEC SCIENCE SA (MLEC) is Bearish.
What is the RSI signal for MLEC stock?
MOOLEC SCIENCE SA (MLEC) has an RSI value of 50.7804. This indicates that the stock is currently neutral.
Can you provide the short term momentum for MOOLEC SCIENCE SA?
The short term momentum for MOOLEC SCIENCE SA (MLEC) is neutral.
What is the support and resistance level for MLEC stock?
MOOLEC SCIENCE SA (MLEC) has a support level at 7.16 and a resistance level at 8.7. Check the full technical report for our detailed analysis of MLEC support and resistance levels.