MOOLEC SCIENCE SA (MLEC) Stock Technical Analysis
NASDAQ:MLEC • KYG6223S1259
Taking everything into account, MLEC scores 7 out of 10 in our technical rating. Although MLEC has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.
- 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.
- MLEC is part of the Food Products industry. There are 88 other stocks in this industry. MLEC outperforms 87% of them.
- In the last month MLEC has a been trading in the 4.62 - 23.22 range, which is quite wide. It is currently trading near the high of this range.
- MLEC has an average volume of 1859000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
- When comparing the yearly performance of all stocks, we notice that MLEC is one of the better performing stocks in the market, outperforming 88% of all stocks. However, this relatively good performance is mostly due to a recent big move.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although MLEC has an excellent technical rating, it does not offer a high quality setup 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
15.55
When analyzing the resistance we notice 2 important areas.
- Resistance @16.42 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 17.00 to 17.10. This zone is formed by a combination of multiple trend lines 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 MLEC is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MLEC is up. |
| ChartMill Relative Strength | 88.36 | POSITIVE | MLEC has a high relative strength, it outperformed 88.36% 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 | POSITIVE | The current price of MLEC is above 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) | 75.65 | OVERBOUGHT | The high RSI value suggests MLEC may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.14 | POSITIVE | The MACD value suggests MLEC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 61.43 | NEUTRAL | The Stochastics value for MLEC is a neutral value. |
| Average True Range in percent/ATR (20) | 17.39 | HIGH VOLATILITY | The high ATR as a percentage value for MLEC suggests high volalility. |
| Average Directional Index/ADX (14) | 49.94 | POSITIVE | The high ADX value value for MLEC suggests a strong trend. |
15.71
-0.3 (-1.87%)
MOOLEC SCIENCE SA / MLEC FAQ
What is the ChartMill technical rating of MOOLEC SCIENCE SA (MLEC) stock?
ChartMill assigns a technical rating of 7 / 10 to MLEC.
What is the trend direction for MLEC stock?
The current trend direction for MOOLEC SCIENCE SA (MLEC) is Bearish.
Can you provide the RSI signal for MOOLEC SCIENCE SA?
MOOLEC SCIENCE SA (MLEC) has an RSI value of 75.6498. This indicates that the stock is currently overbought.
What is the MACD signal for MLEC stock?
The MACD indicator for MOOLEC SCIENCE SA (MLEC) has a value of 1.14418, indicating a bullish trend.
Can you provide the buy/sell signal for MOOLEC SCIENCE SA?
The buy/sell signal for MOOLEC SCIENCE SA (MLEC) is hold as the short term and long term trends are mixed.