Miller Herman Inc (MLHR) Stock Technical Analysis
NASDAQ:MLHR - Nasdaq -
We assign a technical rating of 1 out of 10 to MLHR. MLHR has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
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.
MLHR is part of the Commercial Services & Supplies industry. There are 83 other stocks in this industry, of which 60% are performing better than MLHR.
In the last month MLHR has a been trading in the 36.24 - 39.47 range, which is quite wide. It is currently trading near the high of this range.
When compared to the yearly performance of all other stocks, MLHR outperforms 42% of them, which is more or less in line with the market.
MLHR is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MLHR is lagging the market.
Although the technical rating is bad, MLHR 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. There is a support zone below the current price at 38.73, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for MLHR in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
36.58
44.37
We found 2 important support areas.
- A support zone ranging from 38.13 to 38.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 36.95 to 37.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 43.49 to 43.93. 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 | DOWN | NEGATIVE | The long term trend for MLHR is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MLHR is neutral. |
| ChartMill Relative Strength | 42.14 | NEUTRAL | MLHR is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of MLHR is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MLHR is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of MLHR is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.13 | NEUTRAL | The RSI value for MLHR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.21 | POSITIVE | The MACD value suggests MLHR has a positive trend. |
| Stochastics (14,3) | 63.32 | NEUTRAL | The Stochastics value for MLHR is a neutral value. |
| Average True Range in percent/ATR (20) | 2.66 | MEDIUM VOLATILITY | The ATR as a percentage value for MLHR suggests some volalility. |
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)
38.92
+0.29 (+0.75%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryCommercial Services & Supplies
Performance
% Chg0.75%
1 Week-0.49%
2 Weeks2.31%
1 Month-1.59%
3 Month-9.8%
6 Month-6.22%
12 Month27.73%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.91
ATR(20)%2.66%
ATR Inc-4.77%
Range Today0.67
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS42.14
Mansfield-1.5
10 Day High39.41
10 Day Low37.2
20 Day High39.47
20 Day Low36.24
52 Week High51.25
52 Week Low30.57
CS1 End38.73
CR1 Start43.49
Volume & EV
DER(3)3.15%
DER(5)2.9%
Volume806.60K
Volume Incr-11.52%
Vol(5)617.50K
Vol(50)583.10K