NOVATECH INDUSTRIES (MLNOV.PA) Stock Technical Analysis
EPA:MLNOV - Euronext Paris - Matif - FR0000185464 - Common Stock - Currency: EUR
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.
Warning: MLNOV has an average volume of 93 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!
MLNOV is one of the better performing stocks in the Electronic Equipment, Instruments & Components industry, it outperforms 83% 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.
When comparing the yearly performance of all stocks, we notice that MLNOV is one of the better performing stocks in the market, outperforming 90% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
In the last month MLNOV has a been trading in the 8.00 - 12.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although MLNOV has an excellent technical rating, it does not offer a high quality setup 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
6.68
12.42
We found 6 important support areas.
- A support zone ranging from 10.43 to 10.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @8.84 from a trend line in the weekly time frame.
- Support @8.18 from a trend line in the daily time frame.
- Support @7.86 from a trend line in the weekly time frame.
- Support @7.45 from a trend line in the daily time frame.
- Support @6.75 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 11.97 to 12.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @12.30 from a horizontal line in the daily time frame.
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 | 90.12 | POSITIVE | MLNOV.PA has a high relative strength, it outperformed 90.12% 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 | 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) | 48.7 | NEUTRAL | The RSI value for MLNOV.PA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests MLNOV.PA has a negative trend. |
| Stochastics (14,3) | 79.17 | NEUTRAL | The Stochastics value for MLNOV.PA is a neutral value. |
| Average True Range in percent/ATR (20) | 5.52 | HIGH VOLATILITY | The high ATR as a percentage value for MLNOV.PA suggests high volalility. |
| Average Directional Index/ADX (14) | 13.78 | NEGATIVE | The low ADX value for MLNOV.PA suggests a weak or negative trend. |
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)
EPA:MLNOV (6/18/2025, 7:00:00 PM)
10.5
-0.5 (-4.55%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg-4.55%
1 Week-12.5%
2 Weeks-12.5%
1 Month0%
3 Month16.02%
6 Month43.84%
12 Month23.53%
2 Year30.43%
3 Year114.29%
5 Year75%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.69
ATR(20)%5.52%
ATR Inc3.96%
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
CRS90.12
Mansfield-0.37
10 Day High12
10 Day Low10.5
20 Day High12
20 Day Low8
52 Week High12
52 Week Low6.2
CS1 End10.49
CR1 Start11.97
Volume & EV
DER(3)0%
DER(5)0%
Volume114
Volume Incr-5.82%
Vol(5)84.2
Vol(50)93.6