Miller Herman Inc (MLHR) Technical Analysis
NASDAQ:MLHR
Current stock price
MLHR Technical Rating and Analysis
Overall MLHR gets a technical rating of 1 out of 10. 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.
- 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 comparing the performance of all stocks over the past year, MLHR turns out to be only a medium performer in the overall market: it outperformed 42% of all stocks.
- MLHR is part of the Commercial Services & Supplies industry. There are 81 other stocks in this industry, MLHR did better than 62% of them.
- MLHR is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MLHR is lagging the market slightly.
MLHR Weekly and Daily overview Charts
MLHR Setup Rating and Analysis
MLHR has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. 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
MLHR Support and Resistance Analysis
36.58
When analyzing the support we can see 2 important 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.
MLHR 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 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. |
MLHR Chart- and CandleStick Pattern Analysis
MLHR Technicals: Chart, Performance Metrics, Trend & Indicators
38.92
+0.29 (+0.75%)
Miller Herman Inc / MLHR TA FAQ
What is the ChartMill technical rating of Miller Herman Inc (MLHR) stock?
ChartMill assigns a technical rating of 1 / 10 to MLHR.
What is the trend direction for MLHR stock?
The current trend direction for Miller Herman Inc (MLHR) is Bearish.
What is the RSI signal for Miller Herman Inc (MLHR) stock?
Miller Herman Inc (MLHR) has an RSI value of 50.1302. This indicates that the stock is currently neutral.
Can you provide the short term momentum for Miller Herman Inc?
The short term momentum for Miller Herman Inc (MLHR) is neutral.