MILLER INDUSTRIES INC/TENN (MLR) Stock Technical Analysis
NYSE:MLR - New York Stock Exchange, Inc. - US6005512040 - Common Stock - Currency: USD
Overall MLR gets a technical rating of 4 out of 10. In the past year, MLR was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
79% 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 66% are performing better than MLR.
MLR is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MLR is lagging the market.
In the last month MLR has a been trading in the 43.75 - 47.73 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
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.
Although the technical rating is only medium, MLR does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
38.59
47.77
When analyzing the support we can see 2 important areas.
- Support @43.96 from a trend line in the daily time frame.
- A support zone ranging from 38.98 to 40.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 46.37 to 46.38. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- Resistance @47.30 from a horizontal 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 | 21.14 | NEGATIVE | MLR has a low relative strength, it was outperformed by 78.86% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of MLR is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MLR is above the rising 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) | 55 | NEUTRAL | The RSI value for MLR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests MLR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 38.64 | NEUTRAL | The Stochastics value for MLR is a neutral value. |
| Average True Range in percent/ATR (20) | 2.61 | MEDIUM VOLATILITY | The ATR as a percentage value for MLR suggests some volalility. |
| Average Directional Index/ADX (14) | 18.66 | NEGATIVE | The low ADX value for MLR suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
45.6
+0.7 (+1.56%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg1.56%
1 Week0.6%
2 Weeks1.9%
1 Month1.27%
3 Month-4.64%
6 Month-37.45%
12 Month-20.28%
2 Year28.56%
3 Year101.15%
5 Year53.17%
10 Year128.57%
15 Year238.53%
Volatility
ATR(14)1.17
ATR(20)%2.61%
ATR Inc-10.92%
Range Today0.83
ADR(20)1.08
ADR(20)%2.36%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS21.14
Mansfield-2.49
10 Day High46.2
10 Day Low43.75
20 Day High47.73
20 Day Low43.75
52 Week High78.25
52 Week Low37.4
CS1 End43.96
CR1 Start46.37
Volume & EV
DER(3)-1.71%
DER(5)0.62%
Volume30.00K
Volume Incr-15.85%
Vol(5)51.96K
Vol(50)79.59K