MILLER INDUSTRIES INC/TENN (MLR) Stock Technical Analysis
USA - NYSE:MLR - US6005512040 - Common Stock
Taking everything into account, MLR scores 0 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. Prices have been consolidating lately. There is a support zone below the current price at 39.34, a Stop Loss order could be placed below this zone.
More info and screens
37.80
We found 2 important support areas.
- Support @39.34 from a horizontal line in the weekly time frame.
- A support zone ranging from 38.18 to 38.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 39.95 to 40.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @42.31 from a trend line in the weekly time frame.
- Resistance @42.99 from a trend line in the daily time frame.
- Resistance @44.87 from a horizontal line in the daily time frame.
- Resistance @46.10 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 | 12.1 | NEGATIVE | MLR has a low relative strength, it was outperformed by 87.9% 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) | 45.57 | NEUTRAL | The RSI value for MLR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.15 | NEGATIVE | The MACD value suggests MLR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 31.51 | NEUTRAL | The Stochastics value for MLR is a neutral value. |
| Average True Range in percent/ATR (20) | 3.44 | MEDIUM VOLATILITY | The ATR as a percentage value for MLR suggests some volalility. |
| Average Directional Index/ADX (14) | 21.15 | NEUTRAL | The ADX value for MLR suggests a possible start of a new trend. |
39.37
+0.8 (+2.07%)
MILLER INDUSTRIES INC/TENN / MLR FAQ
Can you provide the ChartMill technical rating for MILLER INDUSTRIES INC/TENN?
ChartMill assigns a technical rating of 0 / 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 45.5722. 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 negative.
Can you provide the support and resistance levels for MILLER INDUSTRIES INC/TENN?
MILLER INDUSTRIES INC/TENN (MLR) has a support level at 39.34 and a resistance level at 39.95. Check the full technical report for our detailed analysis of MLR support and resistance levels.