MILLER INDUSTRIES INC/TENN (MLR) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:MLR - US6005512040 - Common Stock
Taking everything into account, MLR scores 2 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. MLR was also a bad performer in the overall market in the last year.
- When comparing the yearly performance of all stocks, MLR is a bad performer in the overall market: 87% of all stocks are doing better.
- MLR is one of the lesser performing stocks in the Machinery industry. 77% of 132 stocks in the same industry do better.
- MLR is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month MLR has a been trading in the 36.23 - 40.38 range, which is quite wide. It is currently trading near the high of this range.
- The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- Considerably lower volume is observed in the last couple of days.
MLR has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 40.07. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 39.04, a Stop Loss order could be placed below this zone.
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36.75
When analyzing the support we can see 2 important areas.
- A support zone ranging from 38.19 to 39.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 37.12 to 37.17. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 40.07 to 40.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @41.42 from a trend 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 | DOWN | NEGATIVE | The long term trend for MLR is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MLR is up. |
| ChartMill Relative Strength | 13.92 | NEGATIVE | MLR has a low relative strength, it was outperformed by 86.08% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MLR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of MLR is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MLR is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 61.18 | NEUTRAL | The RSI value for MLR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.26 | POSITIVE | The MACD value suggests MLR has a positive trend. |
| Stochastics (14,3) | 90.84 | OVERBOUGHT | The high Stochastics value suggests MLR may be overbought. |
| Average True Range in percent/ATR (20) | 2.74 | MEDIUM VOLATILITY | The ATR as a percentage value for MLR suggests some volalility. |
| Average Directional Index/ADX (14) | 13.72 | NEGATIVE | The low ADX value for MLR suggests a weak or negative trend. |
40.06
+0.27 (+0.68%)
MILLER INDUSTRIES INC/TENN / MLR FAQ
What is the ChartMill technical rating of MILLER INDUSTRIES INC/TENN (MLR) stock?
ChartMill assigns a technical rating of 2 / 10 to MLR.
What is the trend direction for MLR stock?
The current trend direction for MILLER INDUSTRIES INC/TENN (MLR) is Bearish.
Can you provide the RSI signal for MILLER INDUSTRIES INC/TENN?
MILLER INDUSTRIES INC/TENN (MLR) has an RSI value of 61.1772. This indicates that the stock is currently neutral.
What is the buy/sell signal for MILLER INDUSTRIES INC/TENN (MLR) stock?
The buy/sell signal for MILLER INDUSTRIES INC/TENN (MLR) is hold as the short term and long term trends are mixed.
What are the support and resistance levels for MILLER INDUSTRIES INC/TENN (MLR) stock?
MILLER INDUSTRIES INC/TENN (MLR) has a support level at 39.04 and a resistance level at 40.07. Check the full technical report for our detailed analysis of MLR support and resistance levels.