NOVATECH INDUSTRIES (MLNOV.PA) Stock Technical Analysis
EPA:MLNOV • FR0000185464
Taking everything into account, MLNOV scores 7 out of 10 in our technical rating. 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 145 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 84% 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.
- When comparing the yearly performance of all stocks, we notice that MLNOV is one of the better performing stocks in the market, outperforming 94% of all stocks. We also observe that the gains produced by MLNOV over the past year are nicely spread over this period. 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 16.70 - 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.
Besides having an excellent technical rating, MLNOV also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. 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.
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10.90
When analyzing the support we can see 4 important areas.
- A support zone ranging from 18.28 to 18.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @17.01 from a trend line in the daily time frame.
- 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.
- Support @11.01 from a trend line in the weekly time frame.
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.
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 | 94.76 | POSITIVE | MLNOV.PA has a high relative strength, it outperformed 94.76% 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) | DOWN | MIXED | The current price of MLNOV.PA is above a declining 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) | 50.47 | NEUTRAL | The RSI value for MLNOV.PA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests MLNOV.PA has a positive trend. |
| Stochastics (14,3) | 72.04 | NEUTRAL | The Stochastics value for MLNOV.PA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.93 | MEDIUM VOLATILITY | The ATR as a percentage value for MLNOV.PA suggests some volalility. |
| Average Directional Index/ADX (14) | 14.48 | NEGATIVE | The low ADX value for MLNOV.PA suggests a weak or negative trend. |
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 | 18.27 | 1.54 (7.77%) | 12.86% |
| An entry @19.81. This is a Buy Stop order right above the resistance zone. | An exit @18.27. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.54 points, which is 7.77%. | When investing 12.86% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
EPA:MLNOV (2/17/2026, 7:00:00 PM)
18.7
-0.6 (-3.11%)
NOVATECH INDUSTRIES / MLNOV.PA FAQ
What is the ChartMill technical rating of NOVATECH INDUSTRIES (MLNOV.PA) stock?
ChartMill assigns a technical rating of 7 / 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 MLNOV stock?
NOVATECH INDUSTRIES (MLNOV.PA) has an RSI value of 50.4695. This indicates that the stock is currently neutral.
What is the MACD signal for NOVATECH INDUSTRIES (MLNOV.PA) stock?
The MACD indicator for NOVATECH INDUSTRIES (MLNOV.PA) has a value of 0.0227804, indicating a bearish trend.