MILLERKNOLL INC (MLKN) Technical Analysis
NASDAQ:MLKN • US6005441000
Current stock price
MLKN Technical Rating and Analysis
We assign a technical rating of 2 out of 10 to MLKN. MLKN 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 negative, as is the long term trend. There should be more interesting stocks out there.
- In the last month MLKN has a been trading in the 17.62 - 22.14 range, which is quite wide. It is currently trading near the lows of this range.
- When compared to the yearly performance of all other stocks, MLKN outperforms 42% of them, which is more or less in line with the market.
- MLKN is part of the Commercial Services & Supplies industry. There are 82 other stocks in this industry, MLKN did better than 66% of them.
- MLKN 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 MLKN is lagging the market slightly.
- Volume is considerably higher in the last couple of days.
MLKN Weekly and Daily overview Charts
MLKN Setup Rating and Analysis
MLKN has a poor technical rating and the quality of the setup is also only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
MLKN Support and Resistance Analysis
17.62
We found 1 important support area.
- A support zone ranging from 17.80 to 17.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 21.90 to 22.19. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Resistance @22.73 from a horizontal line in the weekly time frame.
MLKN 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 MLKN is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MLKN is down. |
| ChartMill Relative Strength | 42.94 | NEUTRAL | MLKN is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MLKN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MLKN is below a declining 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) | 42.75 | NEUTRAL | The RSI value for MLKN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests MLKN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 22 | NEUTRAL | The Stochastics value for MLKN is a neutral value. |
| Average True Range in percent/ATR (20) | 3.95 | MEDIUM VOLATILITY | The ATR as a percentage value for MLKN suggests some volalility. |
| Average Directional Index/ADX (14) | 38.24 | POSITIVE | The high ADX value value for MLKN suggests a strong trend. |
MLKN Chart- and CandleStick Pattern Analysis
MLKN Technicals: Chart, Performance Metrics, Trend & Indicators
18.83
+1.03 (+5.79%)
MILLERKNOLL INC / MLKN TA FAQ
What is the technical rating for MLKN stock?
ChartMill assigns a technical rating of 2 / 10 to MLKN.
Can you provide the trend direction for MILLERKNOLL INC?
The current trend direction for MILLERKNOLL INC (MLKN) is Bearish.
Can you provide the RSI signal for MILLERKNOLL INC?
MILLERKNOLL INC (MLKN) has an RSI value of 42.7531. 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 -0.135891, indicating a bearish trend.
What is the support and resistance level for MLKN stock?
MILLERKNOLL INC (MLKN) has a support level at 17.8 and a resistance level at 21.9. Check the full technical report for our detailed analysis of MLKN support and resistance levels.