NOVATECH INDUSTRIES (MLNOV.PA) Stock Technical Analysis
Europe • Euronext Paris • EPA:MLNOV • FR0000185464
Overall MLNOV gets a technical rating of 7 out of 10. In the last year, MLNOV was one of the better performers, but we do observe some doubts in the very recent evolution.
- In the last month MLNOV has a been trading in the 17.20 - 19.80 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Warning: MLNOV has an average volume of 148 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- When comparing the yearly performance of all stocks, we notice that MLNOV is one of the better performing stocks in the market, outperforming 96% of all stocks. We also observe that the gains produced by MLNOV over the past year are nicely spread over this period.
- MLNOV is part of the Electronic Equipment, Instruments & Components industry. There are 51 other stocks in this industry. MLNOV outperforms 94% of them.
- 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.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
MLNOV has an excellent technical rating, but the quality of the setup is only medium 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
10.70
4 important support areas can be observed.
- A support zone ranging from 17.73 to 17.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @17.13 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 @10.81 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 19.70 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 | UP | POSITIVE | The long term trend for MLNOV.PA is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MLNOV.PA is down. |
| 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) | DOWN | NEGATIVE | The current price of MLNOV.PA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of MLNOV.PA is below 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) | 46.29 | NEUTRAL | The RSI value for MLNOV.PA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.19 | NEGATIVE | The MACD value suggests MLNOV.PA has a negative trend. |
| Stochastics (14,3) | 11.06 | OVERSOLD | The low Stochastics value suggests MLNOV.PA may be oversold. |
| Average True Range in percent/ATR (20) | 4.86 | MEDIUM VOLATILITY | The ATR as a percentage value for MLNOV.PA suggests some volalility. |
| Average Directional Index/ADX (14) | 15.62 | NEGATIVE | The low ADX value for MLNOV.PA suggests a weak or negative trend. |
EPA:MLNOV (1/30/2026, 7:00:00 PM)
18
+0.4 (+2.27%)
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 Bullish.
What is the RSI signal for MLNOV stock?
NOVATECH INDUSTRIES (MLNOV.PA) has an RSI value of 46.2948. 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 -0.191016, indicating a bearish trend.
What is the buy/sell signal for MLNOV stock?
The buy/sell signal for NOVATECH INDUSTRIES (MLNOV.PA) is hold as the short term and long term trends are mixed.