NOVATECH INDUSTRIES (MLNOV.PA) Technical Analysis
EPA:MLNOV • FR0000185464
Current stock price
MLNOV.PA Technical Rating and Analysis
We assign a technical rating of 9 out of 10 to MLNOV. 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.
- Warning: MLNOV has an average volume of 131 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- Looking at the yearly performance, MLNOV did better than 96% of all other 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 52 other stocks in this industry. MLNOV outperforms 90% of them.
- 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 16.70 - 19.50 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.
MLNOV.PA Weekly and Daily overview Charts
MLNOV.PA Setup Rating and Analysis
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. There is a support zone below the current price at 17.99, a Stop Loss order could be placed below this zone.
More info and screens
MLNOV.PA Support and Resistance Analysis
16.34
When analyzing the support we can see 3 important areas.
- A support zone ranging from 17.94 to 17.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 17.07 to 17.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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.
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.
MLNOV.PA Technical Indicator Signal Analysis
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 | 96.78 | POSITIVE | MLNOV.PA has a high relative strength, it outperformed 96.78% 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 | 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) | 49.55 | 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, although the MACD value is declining. |
| Stochastics (14,3) | 66.67 | NEUTRAL | The Stochastics value for MLNOV.PA is a neutral value. |
| Average True Range in percent/ATR (20) | 5.24 | HIGH VOLATILITY | The high ATR as a percentage value for MLNOV.PA suggests high volalility. |
| Average Directional Index/ADX (14) | 16.45 | NEGATIVE | The low ADX value for MLNOV.PA suggests a weak or negative trend. |
MLNOV.PA Chart- and CandleStick Pattern Analysis
MLNOV.PA Example Setup
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 | 17.93 | 1.88 (9.49%) | 10.54% |
| An entry @19.81. This is a Buy Stop order right above the resistance zone. | An exit @17.93. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.88 points, which is 9.49%. | For a 1.00% total portfolio risk, you can invest 10.54% of your capital in this trade. |
- 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.
MLNOV.PA Technicals: Chart, Performance Metrics, Trend & Indicators
EPA:MLNOV (3/18/2026, 7:00:00 PM)
18.6
+0.1 (+0.54%)
NOVATECH INDUSTRIES / MLNOV.PA TA 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 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 49.5533. 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 0.0219834, indicating a bearish trend.