NOVATECH INDUSTRIES (MLNOV.PA) Stock Technical Analysis
EPA:MLNOV - Euronext Paris - Matif - FR0000185464 - Common Stock - Currency: EUR
We assign a technical rating of 8 out of 10 to MLNOV. 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.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
Warning: MLNOV has an average volume of 132 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.
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.
MLNOV is one of the better performing stocks in the Electronic Equipment, Instruments & Components industry, it outperforms 97% of 50 stocks in the same industry.
MLNOV is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so MLNOV is performing more or less in line with the market.
In the last month MLNOV has a been trading in the 8.00 - 12.00 range, which is quite wide. It is currently trading near the high of this range.
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 offer a high quality setup 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
11.12
6 important support areas can be observed.
- A support zone ranging from 9.73 to 10.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @8.58 from a trend line in the weekly time frame.
- Support @8.02 from a trend line in the daily time frame.
- Support @7.76 from a trend line in the weekly time frame.
- Support @7.39 from a trend line in the daily time frame.
- Support @6.75 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 11.00 to 11.01. This zone is formed by a combination of multiple trend lines in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.47
Mansfield0.6
10 Day High12
10 Day Low8
20 Day High12
20 Day Low8
52 Week High12.3
52 Week Low6.2
Performance
1 Week29.41%
2 Weeks4.76%
1 Month0%
3 Month29.41%
6 Month35.8%
12 Month100%
2 Year-2.65%
3 Year129.17%
5 Year61.76%
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.17
RSI(14)55.87
LBB7.65
UBB12.56
EPA:MLNOV (5/9/2025, 7:00:00 PM)
11
-1 (-8.33%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg-8.33%
1 Week29.41%
2 Weeks4.76%
1 Month0%
3 Month29.41%
6 Month35.8%
12 Month100%
2 Year-2.65%
3 Year129.17%
5 Year61.76%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.54
ATR(20)%5.05%
ATR Inc7.69%
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
CRS98.47
Mansfield0.6
10 Day High12
10 Day Low8
20 Day High12
20 Day Low8
52 Week High12.3
52 Week Low6.2
CS1 End10.04
CR1 Start11
Volume & EV
DER(3)0%
DER(5)0%
Volume105
Volume Incr-8.55%
Vol(5)42.8
Vol(50)132.2