MILLER INDUSTRIES INC/TENN (MLR) Stock Technical Analysis
NYSE:MLR - New York Stock Exchange, Inc. - US6005512040 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to MLR. 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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, MLR is a bad performer in the overall market: 89% of all stocks are doing better.
MLR is part of the Machinery industry. There are 127 other stocks in this industry, of which 82% are performing better than MLR.
MLR is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index 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 39.45 - 46.98 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
The technical rating of MLR is bad and it also does not present a quality setup 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
38.59
47.76
When analyzing the support we notice one important area.
- A support zone ranging from 38.98 to 39.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 42.89 to 44.31. This zone is formed by a combination of multiple trend lines and important moving averages 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.
- Resistance @47.29 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 | DOWN | NEGATIVE | The short term trend for MLR is down. |
| ChartMill Relative Strength | 11.42 | NEGATIVE | MLR has a low relative strength, it was outperformed by 88.58% 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) | 30.91 | NEUTRAL | The RSI value for MLR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.31 | NEGATIVE | The MACD value suggests MLR has a negative trend. |
| Stochastics (14,3) | 10.55 | OVERSOLD | The low Stochastics value suggests MLR may be oversold. |
| Average True Range in percent/ATR (20) | 3.47 | MEDIUM VOLATILITY | The ATR as a percentage value for MLR suggests some volalility. |
| Average Directional Index/ADX (14) | 21.01 | NEUTRAL | The ADX value for MLR suggests a possible start of a new 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)
40.19
-0.56 (-1.37%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg-1.37%
1 Week-7.93%
2 Weeks-5.06%
1 Month-13.53%
3 Month-5.39%
6 Month-39.08%
12 Month-37.04%
2 Year0.48%
3 Year70.95%
5 Year28.12%
10 Year85.29%
15 Year225.69%
Volatility
ATR(14)1.39
ATR(20)%3.47%
ATR Inc-13.47%
Range Today1.11
ADR(20)1.36
ADR(20)%3.39%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS11.42
Mansfield-3.24
10 Day High44.72
10 Day Low39.45
20 Day High46.98
20 Day Low39.45
52 Week High78.25
52 Week Low37.4
CS1 End39.8
CR1 Start42.89
Volume & EV
DER(3)-4.09%
DER(5)-4.38%
Volume107.45K
Volume Incr17.06%
Vol(5)97.21K
Vol(50)72.06K