MLLAB Technical Analysis - MEDIA LAB SPA

Technical Rating and Analysis

Taking everything into account, MLLAB scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, MLLAB has proven to be a steady performer, scoring decent points in every aspect analyzed.

Warning: MLLAB has an average volume of 1088 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

The long and short term trends are both positive. This is looking good!

Looking at the yearly performance, MLLAB did better than 97% of all other stocks.

MLLAB is part of the Health Care Technology industry. There are 11 other stocks in this industry. MLLAB outperforms 90% of them.

MLLAB is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

In the last month MLLAB has a been trading in the 2.26 - 4.30 range, which is quite wide. It is currently trading near the high of this range.

Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

MEDIA LAB SPA / MLLAB Weekly stock chart

Setup Rating and Analysis

Although MLLAB has an excellent technical rating, it does not present a decent entry opportunity 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

2.40

4.28

When analyzing the support we can see 3 important areas.

A support zone ranging from 2.61 to 2.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @2.51 from a trend line in the daily time frame.
Support @2.42 from a trend 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	UP	POSITIVE	The long term trend for MLLAB.PA is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for MLLAB.PA is up.
ChartMill Relative Strength	97.94	POSITIVE	MLLAB.PA has a high relative strength, it outperformed 97.94% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of MLLAB.PA is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of MLLAB.PA is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of MLLAB.PA is above the rising SMA(200).
Relative Strength Index/RSI (14)	65.59	NEUTRAL	The RSI value for MLLAB.PA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.1	POSITIVE	The MACD value suggests MLLAB.PA has a positive trend.
Stochastics (14,3)	91.5	OVERBOUGHT	The high Stochastics value suggests MLLAB.PA may be overbought.
Average True Range in percent/ATR (20)	7.36	HIGH VOLATILITY	The high ATR as a percentage value for MLLAB.PA suggests high volalility.
Average Directional Index/ADX (14)	36.67	POSITIVE	The high ADX value value for MLLAB.PA suggests a strong trend.