MeridianLink Inc (MLNK) Stock Technical Analysis
USA - NYSE:MLNK - US58985J1051 - Common Stock
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.
Besides having an excellent technical rating, MLNK also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 20.00, a Stop Loss order could be placed below this zone.
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15.76
2 important support areas can be observed.
- A support zone ranging from 19.84 to 20.00. 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 20.01 to 20.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @22.61 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 | 59.42 | 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) | 63.58 | NEUTRAL | The RSI value for MLNK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests MLNK has a negative trend. |
| Stochastics (14,3) | 54.58 | NEUTRAL | The Stochastics value for MLNK is a neutral value. |
| Average True Range in percent/ATR (20) | 0.21 | LOW VOLATILITY | The low ATR as a percentage value for MLNK suggests low volalility. |
| Average Directional Index/ADX (14) | 45.26 | POSITIVE | The high ADX value value for MLNK suggests a strong trend. |
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 |
|---|---|---|---|
| 20.02 | 19.93 | 0.09 (0.46%) | 25.00% |
| An entry @20.02. This is a Buy Stop order right above the 10 day moving average. | An exit @19.93. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.09 points, which is 0.46%. | For a 0.11% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
20.01
0 (0%)
MeridianLink Inc / MLNK FAQ
Can you provide the ChartMill technical rating for MeridianLink Inc?
ChartMill assigns a technical rating of 8 / 10 to MLNK.
What is the current trend direction of MeridianLink Inc (MLNK) stock?
The current trend direction for MeridianLink Inc (MLNK) is Bullish.
What is the RSI signal for MLNK stock?
MeridianLink Inc (MLNK) has an RSI value of 63.5846. This indicates that the stock is currently neutral.
Can you provide the MACD signal for MeridianLink Inc?
The MACD indicator for MeridianLink Inc (MLNK) has a value of -0.0246753, indicating a bearish trend.
Can you provide the support and resistance levels for MeridianLink Inc?
MeridianLink Inc (MLNK) has a support level at 20 and a resistance level at 20.01. Check the full technical report for our detailed analysis of MLNK support and resistance levels.