MLMTP Technical Analysis - MONTEPINO LOGISTICA SL

Technical Rating and Analysis

Overall MLMTP gets a technical rating of 2 out of 10. In the last year, MLMTP was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.

When comparing the yearly performance of all stocks, MLMTP is a bad performer in the overall market: 100% of all stocks are doing better.

MLMTP is one of the lesser performing stocks in the Diversified REITs industry. 97% of 42 stocks in the same industry do better.

In the last month MLMTP has a been trading in the 9.25 - 9.95 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been consolidating recently, but much resistance may still be present above.

Warning: MLMTP has an average volume of 3640 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.

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

MONTEPINO LOGISTICA SL / MLMTP Weekly stock chart

MONTEPINO LOGISTICA SL / MLMTP Daily stock chart

Setup Rating and Analysis

MLMTP has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

8.90

10.21

When analyzing the support we can see 2 important areas.

Support @9.35 from a horizontal line in the daily time frame.
A support zone ranging from 8.99 to 9.19. 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 9.49 to 9.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 9.95 to 10.11. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

Support and Resistance indicators

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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 MLMTP.PA is up.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for MLMTP.PA is down.
ChartMill Relative Strength	0	NEGATIVE	MLMTP.PA has a low relative strength, it was outperformed by 100% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of MLMTP.PA is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of MLMTP.PA is below the rising SMA(50).
Relative Strength Index/RSI (14)	45.87	NEUTRAL	The RSI value for MLMTP.PA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0	NEGATIVE	The MACD value suggests MLMTP.PA has a negative trend.
Stochastics (14,3)	33.33	NEUTRAL	The Stochastics value for MLMTP.PA is a neutral value.
Average True Range in percent/ATR (20)	1.03	LOW VOLATILITY	The low ATR as a percentage value for MLMTP.PA suggests low volalility.
Average Directional Index/ADX (14)	14.76	NEGATIVE	The low ADX value for MLMTP.PA suggests a weak or negative trend.