NOVATECH INDUSTRIES (MLNOV.PA) Stock Technical Analysis
EPA:MLNOV - FR0000185464 - Common Stock
19.4 EUR
-0.2 (-1.02%)
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 118 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that MLNOV is one of the better performing stocks in the market, outperforming 98% 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 98% 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 14.00 - 20.00 range, which is quite wide. It is currently trading near the high of this range.
Considerably lower volume is observed in the last couple of days.
Although MLNOV 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.
More info and screens
9.70
19.80
We found 2 important support areas.
- Support @17.40 from a horizontal line in the daily time frame.
- Support @9.80 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 19.60 to 19.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 98.77 | POSITIVE | MLNOV.PA has a high relative strength, it outperformed 98.77% 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) | 62.53 | NEUTRAL | The RSI value for MLNOV.PA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.21 | NEGATIVE | The MACD value suggests MLNOV.PA has a negative trend. |
| Stochastics (14,3) | 55.27 | NEUTRAL | The Stochastics value for MLNOV.PA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.43 | MEDIUM VOLATILITY | The ATR as a percentage value for MLNOV.PA suggests some volalility. |
| Average Directional Index/ADX (14) | 35.95 | POSITIVE | The high ADX value value for MLNOV.PA suggests a strong 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 (9/1/2025, 7:00:00 PM)
19.4
-0.2 (-1.02%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg-1.02%
1 Week-1.02%
2 Weeks2.11%
1 Month22.01%
3 Month73.21%
6 Month116.76%
12 Month142.5%
2 Year142.5%
3 Year234.48%
5 Year266.04%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.58
ATR(20)%3.43%
ATR Inc194.74%
Range Today0
ADR(20)0.03
ADR(20)%0.13%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.77
Mansfield5.37
10 Day High20
10 Day Low17.4
20 Day High20
20 Day Low14
52 Week High20
52 Week Low6.9
CS1 End17.4
CR1 Start19.6
Volume & EV
DER(3)0%
DER(5)0%
Volume10
Volume Incr-82.14%
Vol(5)20.4
Vol(50)118.86