MERIDIANLINK INC (MLNK) Stock Technical Analysis
NYSE:MLNK - US58985J1051 - Common Stock
19.89 USD
+0.05 (+0.25%)
19.89 USD
0 (0%)
We assign a technical rating of 8 out of 10 to MLNK. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, MLNK is only an average performer.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month MLNK has a been trading in the 15.59 - 19.92 range, which is quite wide. It is currently trading near the high of this range.
When compared to the yearly performance of all other stocks, MLNK outperforms 46% of them, which is more or less in line with the market.
MLNK is part of the Software industry. There are 281 other stocks in this industry, MLNK did better than 54% of them.
MLNK is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MLNK is lagging the market.
Considerably lower volume is observed in the last couple of days.
MLNK has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 19.90. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 19.88, a Stop Loss order could be placed below this zone.
More info and screens
15.64
23.08
We found 2 important support areas.
- A support zone ranging from 19.84 to 19.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 15.80 to 15.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 19.90 to 19.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @22.85 from a trend line in the weekly 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 | UP | POSITIVE | The long term trend for MLNK is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MLNK is up. |
| ChartMill Relative Strength | 46.03 | NEUTRAL | MLNK is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MLNK is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MLNK is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of MLNK is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 74.79 | OVERBOUGHT | The high RSI value suggests MLNK may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests MLNK has a negative trend. |
| Stochastics (14,3) | 83.16 | OVERBOUGHT | The high Stochastics value suggests MLNK may be overbought. |
| Average True Range in percent/ATR (20) | 1.8 | LOW VOLATILITY | The low ATR as a percentage value for MLNK suggests low volalility. |
| Average Directional Index/ADX (14) | 46.51 | POSITIVE | The high ADX value value for MLNK suggests a strong trend. |
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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 19.91 | 19.83 | 0.08 (0.40%) | 25.00% |
| An entry @19.91. This is a Buy Stop order right above the resistance zone. | An exit @19.83. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.08 points, which is 0.40%. | For a 0.10% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of MLNK. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
19.89
+0.05 (+0.25%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg0.25%
1 Week0.05%
2 Weeks0.45%
1 Month27.75%
3 Month19.17%
6 Month8.93%
12 Month-12.88%
2 Year12.31%
3 Year14.51%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.06
ATR(20)%1.8%
ATR Inc-87.14%
Range Today0.04
ADR(20)0.17
ADR(20)%0.84%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS46.03
Mansfield-0.58
10 Day High19.92
10 Day Low19.79
20 Day High19.92
20 Day Low15.59
52 Week High25.33
52 Week Low15.49
CS1 End19.88
CR1 Start19.9
Volume & EV
DER(3)-0.22%
DER(5)-0.71%
Volume131.10K
Volume Incr-82.78%
Vol(5)236.60K
Vol(50)706.93K