Miller Herman Inc (MLHR) Stock Technical Analysis
USA - NASDAQ:MLHR -
Taking everything into account, MLHR scores 1 out of 10 in our technical rating. 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.
MLHR has a bad technical rating, but it does show a decent setup pattern. 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
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.
We found 1 important resistance 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. |
38.92
+0.29 (+0.75%)
Miller Herman Inc / MLHR 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 current trend direction of Miller Herman Inc (MLHR) stock?
The current trend direction for Miller Herman Inc (MLHR) is Bearish.
What is the RSI signal for 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 MACD signal for Miller Herman Inc?
The MACD indicator for Miller Herman Inc (MLHR) has a value of 0.210079, indicating a bearish trend.
What is the short term momentum for MLHR stock?
The short term momentum for Miller Herman Inc (MLHR) is neutral.