NOVATECH INDUSTRIES (MLNOV.PA) Stock Technical Analysis
Europe - EPA:MLNOV - FR0000185464 - Common Stock
We assign a technical rating of 9 out of 10 to MLNOV. In the last year, MLNOV was one of the better performers, but we do observe some doubts in the very recent evolution.
MLNOV has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. 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
9.20
When analyzing the support we can see 4 important areas.
- Support @16.57 from a trend line in the daily time frame.
- A support zone ranging from 15.60 to 15.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @9.96 from a trend line in the weekly time frame.
- Support @9.29 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 19.60 to 19.60. 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 | 95.05 | POSITIVE | MLNOV.PA has a high relative strength, it outperformed 95.05% 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) | 46.06 | NEUTRAL | The RSI value for MLNOV.PA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.23 | NEGATIVE | The MACD value suggests MLNOV.PA has a negative trend. |
| Stochastics (14,3) | 47.79 | NEUTRAL | The Stochastics value for MLNOV.PA is a neutral value. |
| Average True Range in percent/ATR (20) | 7.83 | HIGH VOLATILITY | The high ATR as a percentage value for MLNOV.PA suggests high volalility. |
| Average Directional Index/ADX (14) | 18.54 | NEGATIVE | The low ADX value for MLNOV.PA suggests a weak or negative trend. |
EPA:MLNOV (10/24/2025, 7:00:00 PM)
16.6
-3.1 (-15.74%)
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 46.0604. 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 -0.23088, 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.