MLKN Technical Analysis - MILLERKNOLL INC

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.

86% of all other stocks performed better in the past year than MLKN.

MLKN is part of the Commercial Services & Supplies industry. There are 84 other stocks in this industry, of which 68% are performing better than MLKN.

In the last month MLKN has a been trading in the 18.95 - 22.17 range, which is quite wide. It is currently trading near the lows of this range.

The short term trend is negative, the long term trend is neutral. Not much exciting going on here.

MLKN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MLKN is lagging the market.

Volume is considerably higher 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

MILLERKNOLL INC / MLKN Weekly stock chart

MILLERKNOLL INC / MLKN Daily stock chart

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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

18.83

23.03

We can see 5 important resistance areas.

Resistance @19.13 from a trend line in the daily time frame.
A resistance zone ranging from 20.00 to 20.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 21.44 to 21.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @22.03 from a trend line in the daily time frame.
Resistance @22.80 from a horizontal line in the daily time frame.

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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	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	14.42	NEGATIVE	MLKN has a low relative strength, it was outperformed by 85.58% 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)	36.18	NEUTRAL	The RSI value for MLKN is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.19	NEGATIVE	The MACD value suggests MLKN has a negative trend.
Stochastics (14,3)	3.17	OVERSOLD	The low Stochastics value suggests MLKN may be oversold.
Average True Range in percent/ATR (20)	3.59	MEDIUM VOLATILITY	The ATR as a percentage value for MLKN suggests some volalility.
Average Directional Index/ADX (14)	18.26	NEGATIVE	The low ADX value for MLKN suggests a weak or negative trend.