MLSS Technical Analysis - MILESTONE SCIENTIFIC INC

Technical Rating and Analysis

We assign a technical rating of 0 out of 10 to MLSS. MLSS scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

When comparing the yearly performance of all stocks, MLSS is a bad performer in the overall market: 96% of all stocks are doing better.

MLSS is part of the Health Care Equipment & Supplies industry. There are 190 other stocks in this industry, of which 75% 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 0.45 - 0.65 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.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

MILESTONE SCIENTIFIC INC / MLSS Weekly stock chart

MILESTONE SCIENTIFIC INC / MLSS Daily stock chart

Setup Rating and Analysis

The technical rating of MLSS 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

0.50

1.11

We can see 4 important resistance areas.

Resistance @0.66 from a horizontal line in the daily time frame.
Resistance @0.73 from a trend line in the weekly time frame.
Resistance @0.75 from a trend line in the daily time frame.
Resistance @1.10 from a horizontal line in the weekly time frame.

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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	DOWN	NEGATIVE	The short term trend for MLSS is down.
ChartMill Relative Strength	4.45	NEGATIVE	MLSS has a low relative strength, it was outperformed by 95.55% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of MLSS is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of MLSS is below a declining 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)	32.96	NEUTRAL	The RSI value for MLSS is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.01	NEGATIVE	The MACD value suggests MLSS has a negative trend.
Stochastics (14,3)	22.64	NEUTRAL	The Stochastics value for MLSS is a neutral value.
Average True Range in percent/ATR (20)	7.78	HIGH VOLATILITY	The high ATR as a percentage value for MLSS suggests high volalility.
Average Directional Index/ADX (14)	18.43	NEGATIVE	The low ADX value for MLSS suggests a weak or negative trend.