NOVATECH INDUSTRIES (MLNOV.PA) Stock Technical Analysis
EPA:MLNOV - Euronext Paris - Matif - FR0000185464 - Common Stock - Currency: EUR
Overall MLNOV gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MLNOV is showing a nice and steady performance.
Warning: MLNOV has an average volume of 100 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, MLNOV did better than 96% of all other stocks.
MLNOV is one of the better performing stocks in the Electronic Equipment, Instruments & Components industry, it outperforms 92% of 53 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.
In the last month MLNOV has a been trading in the 10.50 - 16.20 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although MLNOV has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
6.68
16.16
We found 4 important support areas.
- Support @12.58 from a trend line in the daily time frame.
- Support @9.04 from a trend line in the weekly time frame.
- Support @8.38 from a trend line in the daily time frame.
- Support @6.75 from a horizontal line in the daily 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 MLNOV.PA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MLNOV.PA is up. |
| ChartMill Relative Strength | 96.9 | POSITIVE | MLNOV.PA has a high relative strength, it outperformed 96.9% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MLNOV.PA is above 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) | 72.2 | OVERBOUGHT | The high RSI value suggests MLNOV.PA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.37 | POSITIVE | The MACD value suggests MLNOV.PA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 97.66 | OVERBOUGHT | The high Stochastics value suggests MLNOV.PA may be overbought. |
| Average True Range in percent/ATR (20) | 3.5 | MEDIUM VOLATILITY | The ATR as a percentage value for MLNOV.PA suggests some volalility. |
| Average Directional Index/ADX (14) | 24.38 | NEUTRAL | The ADX value for MLNOV.PA 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)
EPA:MLNOV (7/11/2025, 7:00:00 PM)
16
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg0%
1 Week14.29%
2 Weeks52.38%
1 Month33.33%
3 Month52.38%
6 Month113.33%
12 Month64.95%
2 Year77.78%
3 Year252.42%
5 Year220%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.6
ATR(20)%3.5%
ATR Inc-84.44%
Range Today0
ADR(20)0
ADR(20)%0%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.9
Mansfield3.94
10 Day High16.2
10 Day Low12
20 Day High16.2
20 Day Low10.5
52 Week High16.2
52 Week Low6.75
CS1 End12.58
CR1 StartN/A
Volume & EV
DER(3)0%
DER(5)0%
Volume35
Volume Incr38.27%
Vol(5)186.6
Vol(50)100.7