MLR Technical Analysis - MILLER INDUSTRIES INC/TENN

Technical Rating and Analysis

Taking everything into account, MLR scores 0 out of 10 in our technical rating. MLR scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

90% of all other stocks performed better in the past year than MLR.

MLR is part of the Machinery industry. There are 128 other stocks in this industry, of which 81% are performing better than MLR.

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 39.45 - 45.30 range, which is quite wide. It is currently trading near the lows of this range.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

MILLER INDUSTRIES INC/TENN / MLR Weekly stock chart

MILLER INDUSTRIES INC/TENN / MLR Daily stock chart

Setup Rating and Analysis

MLR 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

38.59

46.83

We found 1 important support area.

A support zone ranging from 38.98 to 39.74. This zone is formed by a combination of multiple trend lines in multiple time frames.

We can see 4 important resistance areas.

Resistance @39.97 from a trend line in the weekly time frame.
A resistance zone ranging from 42.24 to 42.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 44.09 to 44.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
A resistance zone ranging from 46.10 to 46.37. This zone is formed by a combination of multiple trend lines in multiple time frames.

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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	DOWN	NEGATIVE	The long term trend for MLR is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for MLR is down.
ChartMill Relative Strength	10.06	NEGATIVE	MLR has a low relative strength, it was outperformed by 89.94% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of MLR is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of MLR is below 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)	39.48	NEUTRAL	The RSI value for MLR is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.27	NEGATIVE	The MACD value suggests MLR has a negative trend.
Stochastics (14,3)	12.43	OVERSOLD	The low Stochastics value suggests MLR may be oversold.
Average True Range in percent/ATR (20)	2.98	MEDIUM VOLATILITY	The ATR as a percentage value for MLR suggests some volalility.
Average Directional Index/ADX (14)	19.87	NEGATIVE	The low ADX value for MLR suggests a weak or negative trend.