MILESTONE SCIENTIFIC INC (MLSS) Technical Analysis
NYSEARCA:MLSS • US59935P2092
Current stock price
MLSS Technical Rating and Analysis
Overall MLSS gets a technical rating of 5 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. MLSS was also a bad performer in the overall market in the last year.
- When comparing the yearly performance of all stocks, MLSS is a bad performer in the overall market: 90% of all stocks are doing better.
- MLSS is part of the Health Care Equipment & Supplies industry. There are 187 other stocks in this industry, of which 65% are performing better than MLSS.
- MLSS 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 MLSS has a been trading in the 0.25 - 0.34 range, which is quite wide. It is currently trading near the high of this range.
- MLSS has an average volume of 2433720 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- 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.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
MLSS Weekly and Daily overview Charts
MLSS Setup Rating and Analysis
MLSS has an average technical rating and it also does not offer a high 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
MLSS Support and Resistance Analysis
0.25
We found 3 important support areas.
- A support zone ranging from 0.29 to 0.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.27 from a trend line in the daily time frame.
- Support @0.25 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @0.34 from a horizontal line in the daily time frame.
MLSS 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 MLSS is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MLSS is up. |
| ChartMill Relative Strength | 10.16 | NEGATIVE | MLSS has a low relative strength, it was outperformed by 89.84% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MLSS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MLSS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MLSS is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 59.72 | NEUTRAL | The RSI value for MLSS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests MLSS has a positive trend. |
| Stochastics (14,3) | 89.82 | OVERBOUGHT | The high Stochastics value suggests MLSS may be overbought. |
| Average True Range in percent/ATR (20) | 7.85 | HIGH VOLATILITY | The high ATR as a percentage value for MLSS suggests high volalility. |
| Average Directional Index/ADX (14) | 14.56 | NEGATIVE | The low ADX value for MLSS suggests a weak or negative trend. |
MLSS Chart- and CandleStick Pattern Analysis
MLSS Technicals: Chart, Performance Metrics, Trend & Indicators
0.324
-0.02 (-4.71%)
MILESTONE SCIENTIFIC INC / MLSS TA FAQ
Can you provide the ChartMill technical rating for MILESTONE SCIENTIFIC INC?
ChartMill assigns a technical rating of 5 / 10 to MLSS.
What is the current trend direction of MILESTONE SCIENTIFIC INC (MLSS) stock?
The current trend direction for MILESTONE SCIENTIFIC INC (MLSS) is Bearish.
What is the RSI signal for MILESTONE SCIENTIFIC INC (MLSS) stock?
MILESTONE SCIENTIFIC INC (MLSS) has an RSI value of 59.7192. This indicates that the stock is currently neutral.
What is the short term momentum for MLSS stock?
The short term momentum for MILESTONE SCIENTIFIC INC (MLSS) is positive.
What is the support and resistance level for MLSS stock?
MILESTONE SCIENTIFIC INC (MLSS) has a support level at 0.29 and a resistance level at 0.34. Check the full technical report for our detailed analysis of MLSS support and resistance levels.