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NOVATECH INDUSTRIES (MLNOV.PA) Stock Technical Analysis

Europe - Euronext Paris - EPA:MLNOV - FR0000185464 - Common Stock

17.2 EUR
-1.8 (-9.47%)
Last: 12/24/2025, 7:00:00 PM
Technical Rating and Analysis

8

We assign a technical rating of 8 out of 10 to MLNOV. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.

In the last month MLNOV has a been trading in the 16.60 - 19.00 range, which is quite wide. It is currently trading near the lows of this range.
Warning: MLNOV has an average volume of 136 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
When comparing the yearly performance of all stocks, we notice that MLNOV is one of the better performing stocks in the market, outperforming 97% of all stocks. On top of that, MLNOV also shows a nice and consistent pattern of rising prices.
MLNOV is one of the better performing stocks in the Electronic Equipment, Instruments & Components industry, it outperforms 94% of 54 stocks in the same industry.
MLNOV is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so MLNOV is lagging the market slightly.
Volume is considerably higher in the last couple of days.

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Weekly and Daily overview Charts
NOVATECH INDUSTRIES / MLNOV Weekly stock chart
NOVATECH INDUSTRIES / MLNOV Daily stock chart
Setup Rating and Analysis

1

Although MLNOV has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.

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Support and Resistance Analysis

9.85

19.90

We found 4 important support areas.

  • Support @16.54 from a trend line in the daily time frame.
  • A support zone ranging from 15.40 to 15.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @10.88 from a trend line in the weekly time frame.
  • Support @9.95 from a trend line in the daily time frame.

When analyzing the resistance we notice 2 important areas.

  • Resistance @17.27 from a trend line in the weekly time frame.
  • A resistance zone ranging from 19.60 to 19.70. This zone is formed by a combination of multiple trend lines in multiple time frames.

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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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorUPPOSITIVEThe long term trend for MLNOV.PA is up.
ChartMill Short Term Trend IndicatorNEUTRALNEUTRALThe short term trend for MLNOV.PA is neutral.
ChartMill Relative Strength97.41POSITIVEMLNOV.PA has a high relative strength, it outperformed 97.41% off all stocks on the market.
Simple Moving Average/SMA (20)UPMIXEDThe current price of MLNOV.PA is below the rising SMA(20).
Simple Moving Average/SMA (50)DOWNNEGATIVEThe current price of MLNOV.PA is below a declining SMA(50).
Simple Moving Average/SMA (200)UPPOSITIVEThe current price of MLNOV.PA is above the rising SMA(200).
Relative Strength Index/RSI (14)44.67NEUTRALThe RSI value for MLNOV.PA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)-0.12NEGATIVEThe MACD value suggests MLNOV.PA has a negative trend.
Stochastics (14,3)48.15NEUTRALThe Stochastics value for MLNOV.PA is a neutral value.
Average True Range in percent/ATR (20)4.83MEDIUM VOLATILITYThe ATR as a percentage value for MLNOV.PA suggests some volalility.
Average Directional Index/ADX (14)11.52NEGATIVEThe low ADX value for MLNOV.PA suggests a weak or negative trend.
Chart- and CandleStick Pattern Analysis
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)

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NOVATECH INDUSTRIES / MLNOV Daily stock chart

NOVATECH INDUSTRIES

EPA:MLNOV (12/24/2025, 7:00:00 PM)

17.2

-1.8 (-9.47%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg-9.47%
1 Week-4.44%
2 Weeks-9.47%
1 Month3.61%
3 Month10.26%
6 Month63.81%
12 Month135.62%
2 Year111.04%
3 Year244%
5 Year149.28%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.54
ATR(20)%4.83%
ATR Inc117.78%
Range Today0
ADR(20)0.17
ADR(20)%0.99%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.41
3 months CRS86.9
6 months CRS96.94
Mansfield1.21
10 Day High19
10 Day Low17.2
20 Day High19
20 Day Low16.6
52 Week High20
52 Week Low6.9
CS1 End16.54
CR1 Start17.27
Volume & EV
DER(3)0%
DER(5)0%
Volume255
Volume Incr98.87%
Vol(5)317.4
Vol(50)136.68

NOVATECH INDUSTRIES / MLNOV.PA 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 trend direction for MLNOV stock?

The current trend direction for NOVATECH INDUSTRIES (MLNOV.PA) is Bullish.


What is the RSI signal for MLNOV stock?

NOVATECH INDUSTRIES (MLNOV.PA) has an RSI value of 44.6669. This indicates that the stock is currently neutral.


Can you provide the MACD signal for NOVATECH INDUSTRIES?

The MACD indicator for NOVATECH INDUSTRIES (MLNOV.PA) has a value of -0.119026, indicating a bearish trend.


Can you provide the short term momentum for NOVATECH INDUSTRIES?

The short term momentum for NOVATECH INDUSTRIES (MLNOV.PA) is neutral.