Mellanox Technologies (MLNX) Technical Analysis
NASDAQ:MLNX
Current stock price
MLNX Technical Rating and Analysis
Overall MLNX gets a technical rating of 9 out of 10. Both in the recent history as in the last year, MLNX has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- MLNX is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- MLNX has an average volume of 1532650 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, MLNX did better than 88% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
- In the last month MLNX has a been trading in a tight range between 118.59 and 124.95.
MLNX Weekly and Daily overview Charts
MLNX Setup Rating and Analysis
Although MLNX has an excellent technical rating, the quality of the presented setup is not ideal 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
MLNX Support and Resistance Analysis
105.44
3 important support areas can be observed.
- 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.
We found 1 important resistance 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.
MLNX 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 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. |
MLNX Chart- and CandleStick Pattern Analysis
MLNX 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 |
|---|---|---|---|
| 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 worst case loss on the trade is limited to 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.
MLNX Technicals: Chart, Performance Metrics, Trend & Indicators
124.89
+0.08 (+0.06%)
Mellanox Technologies / MLNX TA FAQ
Can you provide the ChartMill technical rating for Mellanox Technologies?
ChartMill assigns a technical rating of 8 / 10 to MLNX.
What is the trend direction for MLNX stock?
The current trend direction for Mellanox Technologies (MLNX) is Bullish.
What is the RSI signal for Mellanox Technologies (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.
What is the short term momentum for Mellanox Technologies (MLNX) stock?
The short term momentum for Mellanox Technologies (MLNX) is positive.