MLNK Technical Analysis - MERIDIANLINK INC

Technical Rating and Analysis

Taking everything into account, MLNK scores 8 out of 10 in our technical rating. Although MLNK is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.

The long and short term trends are both positive. This is looking good!

When compared to the yearly performance of all other stocks, MLNK outperforms 67% of them, which is more or less in line with the market.

MLNK is an average performer in the Software industry, it outperforms 67% of 283 stocks in the same industry.

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.

In the last month MLNK has a been trading in a tight range between 19.91 and 20.10.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

MERIDIANLINK INC / MLNK Weekly stock chart

MERIDIANLINK INC / MLNK Daily stock chart

Setup Rating and Analysis

Although MLNK has an excellent technical rating, it does not offer a high 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

15.76

22.87

We found 2 important support areas.

A support zone ranging from 19.83 to 19.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @15.92 from a horizontal line in the daily time frame.

We can see 2 important resistance areas.

A resistance zone ranging from 20.04 to 20.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @22.64 from a trend line in the weekly time frame.

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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 MLNK is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for MLNK is up.
ChartMill Relative Strength	67.67	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)	68.13	NEUTRAL	The RSI value for MLNK is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.03	NEGATIVE	The MACD value suggests MLNK has a negative trend, although the MACD value is rising.
Stochastics (14,3)	77.27	NEUTRAL	The Stochastics value for MLNK is a neutral value.
Average True Range in percent/ATR (20)	0.2	LOW VOLATILITY	The low ATR as a percentage value for MLNK suggests low volalility.
Average Directional Index/ADX (14)	47.49	POSITIVE	The high ADX value value for MLNK suggests a strong trend.