MILLERKNOLL INC (MLKN) Technical Analysis
NASDAQ:MLKN • US6005441000
Current stock price
MLKN Technical Rating and Analysis
Taking everything into account, MLKN scores 0 out of 10 in our technical rating. MLKN's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- When comparing the yearly performance of all stocks, MLKN is a bad performer in the overall market: 83% of all stocks are doing better.
- MLKN is one of the lesser performing stocks in the Commercial Services & Supplies industry. 60% of 82 stocks in the same industry do better.
- MLKN is currently trading in the lower part 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.
- In the last month MLKN has a been trading in the 14.24 - 20.15 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
MLKN Weekly and Daily overview Charts
MLKN Setup Rating and Analysis
The technical rating of MLKN is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
MLKN Support and Resistance Analysis
13.73
When analyzing the support we notice one important area.
- Support @13.87 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- 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 | NEUTRAL | NEUTRAL | The long term trend for MLKN is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MLKN is down. |
| ChartMill Relative Strength | 17.35 | NEGATIVE | MLKN has a low relative strength, it was outperformed by 82.65% off all stocks 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) | DOWN | NEGATIVE | The current price of MLKN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 24.05 | OVERSOLD | The low RSI value suggests MLKN may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.32 | NEGATIVE | The MACD value suggests MLKN has a negative trend. |
| Stochastics (14,3) | 37.02 | NEUTRAL | The Stochastics value for MLKN is a neutral value. |
| Average True Range in percent/ATR (20) | 6 | HIGH VOLATILITY | The high ATR as a percentage value for MLKN suggests high volalility. |
| Average Directional Index/ADX (14) | 37.99 | 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
15.02
-0.01 (-0.07%)
MILLERKNOLL INC / MLKN TA FAQ
What is the technical rating for MLKN stock?
ChartMill assigns a technical rating of 0 / 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 24.0547. This indicates that the stock is currently oversold.
What is the MACD signal for MLKN stock?
The MACD indicator for MILLERKNOLL INC (MLKN) has a value of -0.320488, indicating a bearish trend.
What is the support and resistance level for MLKN stock?
MILLERKNOLL INC (MLKN) has a support level at 13.87 and a resistance level at 21.9. Check the full technical report for our detailed analysis of MLKN support and resistance levels.