MERIDIANLINK INC (MLNK) Stock Technical Analysis
NYSE:MLNK - New York Stock Exchange, Inc. - US58985J1051 - Common Stock - Currency: USD
Overall MLNK gets a technical rating of 1 out of 10. MLNK scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
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, MLNK is a bad performer in the overall market: 84% of all stocks are doing better.
MLNK is part of the Software industry. There are 283 other stocks in this industry, of which 73% are performing better than MLNK.
MLNK is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so MLNK is lagging the market.
In the last month MLNK has a been trading in the 15.72 - 17.93 range, which is quite wide. It is currently trading near the lows of this range.
Volume is considerably higher in the last couple of days.
Although the technical rating is bad, MLNK does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 17.05. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 16.57, a Stop Loss order could be placed below this zone.
More info and screens
15.76
23.43
We found 1 important support area.
- A support zone ranging from 15.92 to 16.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 6 important areas.
- A resistance zone ranging from 17.05 to 17.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @17.80 from a horizontal line in the daily time frame.
- Resistance @19.08 from a trend line in the daily time frame.
- Resistance @19.50 from a trend line in the weekly time frame.
- Resistance @21.44 from a horizontal line in the daily time frame.
- Resistance @23.20 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 | DOWN | NEGATIVE | The long term trend for MLNK is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MLNK is down. |
| ChartMill Relative Strength | 16.18 | NEGATIVE | MLNK has a low relative strength, it was outperformed by 83.82% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of MLNK is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MLNK is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MLNK is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 47.96 | NEUTRAL | The RSI value for MLNK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests MLNK has a positive trend. |
| Stochastics (14,3) | 35.47 | NEUTRAL | The Stochastics value for MLNK is a neutral value. |
| Average True Range in percent/ATR (20) | 2.77 | MEDIUM VOLATILITY | The ATR as a percentage value for MLNK suggests some volalility. |
| Average Directional Index/ADX (14) | 22.58 | NEUTRAL | The ADX value for MLNK suggests a possible start of a new 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)
16.6
+0.49 (+3.04%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg3.04%
1 Week0.79%
2 Weeks-1.01%
1 Month0.55%
3 Month-22.75%
6 Month-28.05%
12 Month-16.62%
2 Year-20.19%
3 Year-0.6%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.42
ATR(20)%2.77%
ATR Inc46.83%
Range Today0.61
ADR(20)0.44
ADR(20)%2.64%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS16.18
Mansfield-2.19
10 Day High16.8
10 Day Low15.72
20 Day High17.93
20 Day Low15.72
52 Week High25.33
52 Week Low15.57
CS1 End16.57
CR1 Start17.05
Volume & EV
DER(3)-3.58%
DER(5)-6.96%
Volume653.10K
Volume Incr55.12%
Vol(5)371.88K
Vol(50)245.80K