MLIML Technical Analysis - IMALLIANCE

Technical Rating and Analysis

Overall MLIML gets a technical rating of 1 out of 10. MLIML scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

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.

63% of all other stocks performed better in the past year than MLIML.

MLIML is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

Warning: MLIML has an average volume of 1411 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

In the last month MLIML has a been trading in the 0.16 - 0.32 range, which is quite wide. It is currently trading near the high of this range.

MLIML is part of the Entertainment industry. There are 44 other stocks in this industry, MLIML did better than 62% of them.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

MLIML 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 a resistance zone just above the current price starting at 0.29. Right above this resistance zone may be a good entry point.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

0.17

0.32

2 important support areas can be observed.

A support zone ranging from 0.27 to 0.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @0.17 from a trend line in the weekly time frame.

2 important resistance areas can be observed.

A resistance zone ranging from 0.29 to 0.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @0.32 from a horizontal line in the daily time frame.

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What is Support and Resistance

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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 MLIML.PA is down.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for MLIML.PA is neutral.
ChartMill Relative Strength	37.53	NEUTRAL	MLIML.PA is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of MLIML.PA is above the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of MLIML.PA is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of MLIML.PA is below a declining SMA(200).
Relative Strength Index/RSI (14)	51.47	NEUTRAL	The RSI value for MLIML.PA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.01	POSITIVE	The MACD value suggests MLIML.PA has a positive trend.
Stochastics (14,3)	51.1	NEUTRAL	The Stochastics value for MLIML.PA is a neutral value.
Average True Range in percent/ATR (20)	11.71	HIGH VOLATILITY	The high ATR as a percentage value for MLIML.PA suggests high volalility.
Average Directional Index/ADX (14)	8.11	NEGATIVE	The low ADX value for MLIML.PA suggests a weak or negative trend.