NOVATECH INDUSTRIES (MLNOV.PA) Stock Technical Analysis
Europe - Euronext Paris - EPA:MLNOV - FR0000185464 - Common Stock
Overall MLNOV gets a technical rating of 9 out of 10. Both in the recent history as in the last year, MLNOV has proven to be a steady performer, scoring decent points in every aspect analyzed.
MLNOV has an excellent technical rating and 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.
More info and screens
10.12
We found 5 important support areas.
- Support @16.93 from a trend line in the daily time frame.
- A support zone ranging from 16.50 to 16.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @15.88 from a trend line in the daily time frame.
- Support @15.60 from a horizontal line in the daily time frame.
- Support @10.22 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 19.70. 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 | NEUTRAL | NEUTRAL | The short term trend for MLNOV.PA is neutral. |
| ChartMill Relative Strength | 97.8 | POSITIVE | MLNOV.PA has a high relative strength, it outperformed 97.8% 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) | 53.21 | NEUTRAL | The RSI value for MLNOV.PA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests MLNOV.PA has a positive trend. |
| Stochastics (14,3) | 67.84 | NEUTRAL | The Stochastics value for MLNOV.PA is a neutral value. |
| Average True Range in percent/ATR (20) | 8.47 | HIGH VOLATILITY | The high ATR as a percentage value for MLNOV.PA suggests high volalility. |
| Average Directional Index/ADX (14) | 12.89 | 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 |
|---|---|---|---|
| 19.71 | 16.92 | 2.79 (14.16%) | 7.06% |
| An entry @19.71. This is a Buy Stop order right above the resistance zone. | An exit @16.92. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.79 points, which is 14.16%. | When investing 7.06% 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 (11/21/2025, 7:00:00 PM)
19
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NOVATECH INDUSTRIES / MLNOV.PA FAQ
What is the ChartMill technical rating of NOVATECH INDUSTRIES (MLNOV.PA) stock?
ChartMill assigns a technical rating of 9 / 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 53.2112. 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 0.0254965, 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.