We assign a technical rating of 9 out of 10 to MLNX. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MLNX is showing a nice and steady performance.
MLNX 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.
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105.44
When analyzing the support we can see 3 important areas.
- A support zone ranging from 118.15 to 119.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 108.43 to 108.94. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @106.51 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 124.90 to 124.90. 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 MLNX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MLNX is up. |
| ChartMill Relative Strength | 88.91 | POSITIVE | MLNX has a high relative strength, it outperformed 88.91% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MLNX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MLNX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MLNX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.42 | NEUTRAL | The RSI value for MLNX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.25 | POSITIVE | The MACD value suggests MLNX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 99.2 | OVERBOUGHT | The high Stochastics value suggests MLNX may be overbought. |
| Average True Range in percent/ATR (20) | 1.01 | LOW VOLATILITY | The low ATR as a percentage value for MLNX suggests low volalility. |
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 |
|---|---|---|---|
| 124.91 | 119.64 | 5.27 (4.22%) | 23.70% |
| An entry @124.91. This is a Buy Stop order right above the resistance zone. | An exit @119.64. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 5.27 points, which is 4.22%. | For a 1.00% total portfolio risk, you can invest 23.70% 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.
124.89
+0.08 (+0.06%)
Mellanox Technologies / MLNX FAQ
Can you provide the ChartMill technical rating for Mellanox Technologies?
ChartMill assigns a technical rating of 8 / 10 to MLNX.
What is the current trend direction of Mellanox Technologies (MLNX) stock?
The current trend direction for Mellanox Technologies (MLNX) is Bullish.
What is the RSI signal for MLNX stock?
Mellanox Technologies (MLNX) has an RSI value of 62.4169. This indicates that the stock is currently neutral.
What is the MACD signal for MLNX stock?
The MACD indicator for Mellanox Technologies (MLNX) has a value of 0.253347, indicating a bearish trend.
Can you provide the short term momentum for Mellanox Technologies?
The short term momentum for Mellanox Technologies (MLNX) is positive.