Millendo Therapeutics Inc (MLND) Stock Technical Analysis
NASDAQ:MLND - Nasdaq -
Overall MLND gets a technical rating of 2 out of 10. MLND'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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, MLND is a bad performer in the overall market: 99% of all stocks are doing better.
MLND is one of the lesser performing stocks in the Biotechnology industry. 86% of 556 stocks in the same industry do better.
MLND is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month MLND has a been trading in the 1.06 - 1.55 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.
MLND has an average volume of 2364880 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The technical rating of MLND is bad and it also does not present a quality setup 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
1.05
2.29
3 important resistance areas can be observed.
- A resistance zone ranging from 1.32 to 1.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.45 from a trend line in the daily time frame.
- Resistance @2.27 from a horizontal line in the daily time frame.
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 | DOWN | NEGATIVE | The long term trend for MLND is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MLND is down. |
| ChartMill Relative Strength | 1.18 | NEGATIVE | MLND has a low relative strength, it was outperformed by 98.82% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MLND is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of MLND is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MLND is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 35.93 | NEUTRAL | The RSI value for MLND is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests MLND has a negative trend. |
| Stochastics (14,3) | 3.03 | OVERSOLD | The low Stochastics value suggests MLND may be oversold. |
| Average True Range in percent/ATR (20) | 10.57 | HIGH VOLATILITY | The high ATR as a percentage value for MLND suggests high volalility. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
1.06
-0.06 (-5.36%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-5.36%
1 Week-30.26%
2 Weeks-22.63%
1 Month-7.02%
3 Month-51.38%
6 Month-53.3%
12 Month-41.44%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.12
ATR(20)%10.57%
ATR Inc-53.27%
Range Today0.07
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS1.18
Mansfield-4.64
10 Day High1.55
10 Day Low1.06
20 Day High1.55
20 Day Low1.06
52 Week High2.77
52 Week Low0.92
CS1 EndN/A
CR1 Start1.32
Volume & EV
DER(3)-9.8%
DER(5)-10.35%
Volume1.91M
Volume Incr75.53%
Vol(5)4.67M
Vol(50)2.36M