GALEO CONCEPT (MLGAL.PA) Stock Technical Analysis
Europe - Euronext Paris - EPA:MLGAL - FR0011100759 - Common Stock
Overall MLGAL gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MLGAL is showing a nice and steady performance.
Although MLGAL 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
1.36
When analyzing the support we can see 4 important areas.
- Support @2.48 from a trend line in the daily time frame.
- A support zone ranging from 2.36 to 2.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.98 from a trend line in the weekly time frame.
- Support @1.37 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 2.50 to 2.54. 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 | UP | POSITIVE | The long term trend for MLGAL.PA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MLGAL.PA is up. |
| ChartMill Relative Strength | 96.35 | POSITIVE | MLGAL.PA has a high relative strength, it outperformed 96.35% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MLGAL.PA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MLGAL.PA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MLGAL.PA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.95 | NEUTRAL | The RSI value for MLGAL.PA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests MLGAL.PA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 91.67 | OVERBOUGHT | The high Stochastics value suggests MLGAL.PA may be overbought. |
| Average True Range in percent/ATR (20) | 1.84 | LOW VOLATILITY | The low ATR as a percentage value for MLGAL.PA suggests low volalility. |
| Average Directional Index/ADX (14) | 29.27 | POSITIVE | The high ADX value value for MLGAL.PA suggests a strong trend. |
EPA:MLGAL (12/23/2025, 7:00:00 PM)
2.5
0 (0%)
GALEO CONCEPT / MLGAL.PA FAQ
Can you provide the ChartMill technical rating for GALEO CONCEPT?
ChartMill assigns a technical rating of 9 / 10 to MLGAL.PA.
What is the trend direction for MLGAL stock?
The current trend direction for GALEO CONCEPT (MLGAL.PA) is Bullish.
Can you provide the RSI signal for GALEO CONCEPT?
GALEO CONCEPT (MLGAL.PA) has an RSI value of 65.9508. This indicates that the stock is currently neutral.
What is the short term momentum for MLGAL stock?
The short term momentum for GALEO CONCEPT (MLGAL.PA) is positive.
What is the support and resistance level for MLGAL stock?
GALEO CONCEPT (MLGAL.PA) has a support level at 2.48 and a resistance level at 2.5. Check the full technical report for our detailed analysis of MLGAL.PA support and resistance levels.