MLPLC Technical Analysis - PLACOPLATRE

Technical Rating and Analysis

Overall MLPLC gets a technical rating of 3 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. MLPLC was also a bad performer in the overall market in the last year.

88% of all other stocks performed better in the past year than MLPLC.

Warning: MLPLC has an average volume of 5 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.

MLPLC is an average performer in the Building Products industry, it outperforms 40% of 23 stocks in the same industry.

MLPLC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MLPLC is lagging the market.

In the last month MLPLC has a been trading in the 450.00 - 575.00 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.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

MLPLC has a poor technical rating and the quality of the setup is also 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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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

454.41

707.00

3 important support areas can be observed.

A support zone ranging from 521.02 to 528.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 471.99 to 479.11. This zone is formed by a combination of multiple trend lines in the weekly time frame.
A support zone ranging from 459.00 to 461.99. This zone is formed by a combination of multiple trend lines in the daily time frame.

When analyzing the resistance we notice 2 important areas.

Resistance @575.01 from a horizontal line in the daily time frame.
Resistance @700.00 from a horizontal line in the daily time frame.

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What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

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	NEUTRAL	NEUTRAL	The long term trend for MLPLC.PA is neutral.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for MLPLC.PA is up.
ChartMill Relative Strength	12.55	NEGATIVE	MLPLC.PA has a low relative strength, it was outperformed by 87.45% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of MLPLC.PA is above the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	MIXED	The current price of MLPLC.PA is above a declining SMA(50).
Relative Strength Index/RSI (14)	52.26	NEUTRAL	The RSI value for MLPLC.PA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	7.34	POSITIVE	The MACD value suggests MLPLC.PA has a positive trend, although the MACD value is declining.
Stochastics (14,3)	75.85	NEUTRAL	The Stochastics value for MLPLC.PA is a neutral value.
Average True Range in percent/ATR (20)	5.88	HIGH VOLATILITY	The high ATR as a percentage value for MLPLC.PA suggests high volalility.
Average Directional Index/ADX (14)	10.59	NEGATIVE	The low ADX value for MLPLC.PA suggests a weak or negative trend.