Millendo Therapeutics Inc (MLND) Technical Analysis
NASDAQ:MLND
Current stock price
MLND Technical Rating and Analysis
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 part of the Biotechnology industry. There are 515 other stocks in this industry, of which 90% are performing better than MLND.
- 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.
MLND Weekly and Daily overview Charts
MLND Setup Rating and Analysis
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
MLND Support and Resistance Analysis
1.05
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.
MLND 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 | 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. |
MLND Chart- and CandleStick Pattern Analysis
MLND Technicals: Chart, Performance Metrics, Trend & Indicators
1.06
-0.06 (-5.36%)
Millendo Therapeutics Inc / MLND TA FAQ
What is the ChartMill technical rating of Millendo Therapeutics Inc (MLND) stock?
ChartMill assigns a technical rating of 2 / 10 to MLND.
What is the trend direction for MLND stock?
The current trend direction for Millendo Therapeutics Inc (MLND) is Bearish.
Can you provide the RSI signal for Millendo Therapeutics Inc?
Millendo Therapeutics Inc (MLND) has an RSI value of 35.9271. This indicates that the stock is currently neutral.
What is the MACD signal for MLND stock?
The MACD indicator for Millendo Therapeutics Inc (MLND) has a value of -0.0424046, indicating a bearish trend.
What is the support and resistance level for MLND stock?
Millendo Therapeutics Inc (MLND) has a resistance level at 1.32. Check the full technical report for our detailed analysis of MLND support and resistance levels.