MILLER INDUSTRIES INC/TENN (MLR) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:MLR - US6005512040 - Common Stock
Taking everything into account, MLR scores 1 out of 10 in our technical rating. MLR's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, MLR does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 38.06, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
36.80
When analyzing the support we notice one important area.
- A support zone ranging from 37.17 to 38.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 38.22 to 39.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 40.50 to 40.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 41.57 to 42.01. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The short term trend for MLR is neutral. |
| ChartMill Relative Strength | 14.49 | NEGATIVE | MLR has a low relative strength, it was outperformed by 85.51% 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 | 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) | 48.09 | NEUTRAL | The RSI value for MLR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests MLR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 46.8 | NEUTRAL | The Stochastics value for MLR is a neutral value. |
| Average True Range in percent/ATR (20) | 2.88 | MEDIUM VOLATILITY | The ATR as a percentage value for MLR suggests some volalility. |
| Average Directional Index/ADX (14) | 16.53 | NEGATIVE | The low ADX value for MLR suggests a weak or negative trend. |
38.08
+0.05 (+0.13%)
MILLER INDUSTRIES INC/TENN / MLR FAQ
Can you provide the ChartMill technical rating for MILLER INDUSTRIES INC/TENN?
ChartMill assigns a technical rating of 1 / 10 to MLR.
What is the current trend direction of MILLER INDUSTRIES INC/TENN (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 48.0946. This indicates that the stock is currently neutral.
Can you provide the short term momentum for MILLER INDUSTRIES INC/TENN?
The short term momentum for MILLER INDUSTRIES INC/TENN (MLR) is neutral.
Can you provide the support and resistance levels for MILLER INDUSTRIES INC/TENN?
MILLER INDUSTRIES INC/TENN (MLR) has a support level at 38.06 and a resistance level at 38.22. Check the full technical report for our detailed analysis of MLR support and resistance levels.