NOVATECH INDUSTRIES (MLNOV.PA) Technical Analysis
EPA:MLNOV • FR0000185464
Current stock price
MLNOV.PA Technical Rating and Analysis
Overall MLNOV gets a technical rating of 8 out of 10. In the last year, MLNOV was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
- Warning: MLNOV has an average volume of 129 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- MLNOV is one of the better performing stocks in the Electronic Equipment, Instruments & Components industry, it outperforms 83% of 55 stocks in the same industry.
- MLNOV is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- Looking at the yearly performance, MLNOV did better than 92% of all other stocks. On top of that, MLNOV also shows a nice and consistent pattern of rising prices. However, this overall performance is mostly based on the strong move around 7 months ago.
- In the last month MLNOV has a been trading in the 17.50 - 19.80 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
MLNOV.PA Weekly and Daily overview Charts
MLNOV.PA Setup Rating and Analysis
Besides having an excellent technical rating, MLNOV also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 19.60. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 19.15, a Stop Loss order could be placed below this zone.
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MLNOV.PA Support and Resistance Analysis
16.34
When analyzing the support we can see 3 important areas.
- A support zone ranging from 18.21 to 18.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 17.13 to 17.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 16.50 to 16.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 19.60 to 19.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
MLNOV.PA 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 | NEUTRAL | NEUTRAL | The long term trend for MLNOV.PA is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MLNOV.PA is up. |
| ChartMill Relative Strength | 92.48 | POSITIVE | MLNOV.PA has a high relative strength, it outperformed 92.48% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of MLNOV.PA is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MLNOV.PA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MLNOV.PA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.45 | NEUTRAL | The RSI value for MLNOV.PA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests MLNOV.PA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 93.39 | OVERBOUGHT | The high Stochastics value suggests MLNOV.PA may be overbought. |
| Average True Range in percent/ATR (20) | 4.82 | MEDIUM VOLATILITY | The ATR as a percentage value for MLNOV.PA suggests some volalility. |
| Average Directional Index/ADX (14) | 16.19 | NEGATIVE | The low ADX value for MLNOV.PA suggests a weak or negative trend. |
MLNOV.PA Chart- and CandleStick Pattern Analysis
MLNOV.PA Example Setup
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 |
|---|---|---|---|
| 19.81 | 18.70 | 1.11 (5.60%) | 17.85% |
| An entry @19.81. This is a Buy Stop order right above the resistance zone. | An exit @18.70. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.11 points, which is 5.60%. | When investing 17.85% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of MLNOV. 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.
MLNOV.PA Technicals: Chart, Performance Metrics, Trend & Indicators
EPA:MLNOV (4/14/2026, 7:00:00 PM)
18.8
-1 (-5.05%)
NOVATECH INDUSTRIES / MLNOV.PA TA FAQ
What is the ChartMill technical rating of NOVATECH INDUSTRIES (MLNOV.PA) stock?
ChartMill assigns a technical rating of 8 / 10 to MLNOV.PA.
What is the current trend direction of NOVATECH INDUSTRIES (MLNOV.PA) stock?
The current trend direction for NOVATECH INDUSTRIES (MLNOV.PA) is Bearish.
What is the RSI signal for NOVATECH INDUSTRIES (MLNOV.PA) stock?
NOVATECH INDUSTRIES (MLNOV.PA) has an RSI value of 53.454. This indicates that the stock is currently neutral.
What is the short term momentum for MLNOV stock?
The short term momentum for NOVATECH INDUSTRIES (MLNOV.PA) is positive.
What are the support and resistance levels for NOVATECH INDUSTRIES (MLNOV.PA) stock?
NOVATECH INDUSTRIES (MLNOV.PA) has a support level at 19.15 and a resistance level at 19.6. Check the full technical report for our detailed analysis of MLNOV.PA support and resistance levels.