MILLERKNOLL INC (MLKN) Stock Technical Analysis
NASDAQ:MLKN • US6005441000
Overall MLKN gets a technical rating of 8 out of 10. Although MLKN is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- Both the short term and long term trends are positive. This is a very positive sign.
- MLKN is one of the better performing stocks in the Commercial Services & Supplies industry, it outperforms 78% of 80 stocks in the same industry.
- MLKN is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so MLKN is lagging the market slightly.
- MLKN is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- When comparing the yearly performance of all stocks, we notice that MLKN is one of the better performing stocks in the market, outperforming 78% of all stocks. However, this relatively good performance is mostly due to a recent big move.
MLKN has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 21.69, a Stop Loss order could be placed below this zone.
More info and screens
20.86
We found 1 important support area.
- A support zone ranging from 21.07 to 21.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 22.09 to 22.86. This zone is formed by a combination of multiple trend lines and important moving averages 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 MLKN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MLKN is up. |
| ChartMill Relative Strength | 78.1 | POSITIVE | MLKN has a high relative strength, it outperformed 78.1% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MLKN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MLKN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MLKN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.48 | NEUTRAL | The RSI value for MLKN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests MLKN has a negative trend. |
| Stochastics (14,3) | 63.29 | NEUTRAL | The Stochastics value for MLKN is a neutral value. |
| Average True Range in percent/ATR (20) | 3.39 | MEDIUM VOLATILITY | The ATR as a percentage value for MLKN suggests some volalility. |
| Average Directional Index/ADX (14) | 34.1 | POSITIVE | The high ADX value value for MLKN suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 22.87 | 21.40 | 1.47 (6.43%) | 15.56% |
| An entry @22.87. This is a Buy Stop order right above the resistance zone. | An exit @21.40. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.47 points, which is 6.43%. | When investing 15.56% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
21.7
-0.64 (-2.86%)
MILLERKNOLL INC / MLKN FAQ
What is the technical rating for MLKN stock?
ChartMill assigns a technical rating of 8 / 10 to MLKN.
Can you provide the trend direction for MILLERKNOLL INC?
The current trend direction for MILLERKNOLL INC (MLKN) is Bullish.
Can you provide the RSI signal for MILLERKNOLL INC?
MILLERKNOLL INC (MLKN) has an RSI value of 57.4825. This indicates that the stock is currently neutral.
What is the MACD signal for MLKN stock?
The MACD indicator for MILLERKNOLL INC (MLKN) has a value of -0.0991534, indicating a bearish trend.
What is the support and resistance level for MLKN stock?
MILLERKNOLL INC (MLKN) has a support level at 21.69 and a resistance level at 22.09. Check the full technical report for our detailed analysis of MLKN support and resistance levels.