MILLERKNOLL INC (MLKN) Technical Analysis
NASDAQ:MLKN • US6005441000
Current stock price
MLKN Technical Rating and Analysis
Taking everything into account, MLKN scores 3 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. MLKN was also a bad performer in the overall market in the last year.
- When comparing the yearly performance of all stocks, MLKN is a bad performer in the overall market: 71% of all stocks are doing better.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- In the last month MLKN has a been trading in the 13.84 - 18.20 range, which is quite wide. It is currently trading near the high of this range.
- MLKN is an average performer in the Commercial Services & Supplies industry, it outperforms 62% of 79 stocks in the same industry.
- 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.
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
13.74
When analyzing the support we can see 2 important areas.
- Support @14.28 from a horizontal line in the weekly time frame.
- Support @13.88 from a horizontal line in the daily time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 17.61 to 17.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @21.53 from a trend line in the weekly time frame.
- Resistance @22.19 from a horizontal line 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 | UP | POSITIVE | The short term trend for MLKN is up. |
| ChartMill Relative Strength | 29.29 | NEGATIVE | MLKN has a low relative strength, it was outperformed by 70.71% 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) | 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) | 57.15 | NEUTRAL | The RSI value for MLKN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.4 | POSITIVE | The MACD value suggests MLKN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 82.25 | OVERBOUGHT | The high Stochastics value suggests MLKN may be overbought. |
| Average True Range in percent/ATR (20) | 3.87 | MEDIUM VOLATILITY | The ATR as a percentage value for MLKN suggests some volalility. |
| Average Directional Index/ADX (14) | 27.95 | 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
17.6
+0.28 (+1.62%)
MILLERKNOLL INC / MLKN TA FAQ
What is the technical rating for MLKN stock?
ChartMill assigns a technical rating of 3 / 10 to MLKN.
Can you provide the trend direction for MILLERKNOLL INC?
The current trend direction for MILLERKNOLL INC (MLKN) is Bearish.
What is the RSI signal for MLKN stock?
MILLERKNOLL INC (MLKN) has an RSI value of 57.1502. This indicates that the stock is currently neutral.
What are the support and resistance levels for MILLERKNOLL INC (MLKN) stock?
MILLERKNOLL INC (MLKN) has a support level at 14.28 and a resistance level at 17.61. Check the full technical report for our detailed analysis of MLKN support and resistance levels.