Sumo Resourcs Plc (MLSUM.PA) Stock Technical Analysis
EPA:MLSUM • GB00B8GJBS16
Overall MLSUM gets a technical rating of 0 out of 10. MLSUM 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.
- 98% of all other stocks performed better in the past year than MLSUM.
- MLSUM is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month MLSUM has a been trading in the 0.00 - 0.01 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 MLSUM 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
0.00
We found 1 important support area.
- Support @0.00 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 0.01 to 0.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 MLSUM.PA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MLSUM.PA is down. |
| ChartMill Relative Strength | 2.05 | NEGATIVE | MLSUM.PA has a low relative strength, it was outperformed by 97.95% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MLSUM.PA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MLSUM.PA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MLSUM.PA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 46 | NEUTRAL | The RSI value for MLSUM.PA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests MLSUM.PA has a negative trend, although the MACD value is rising. |
| Average True Range in percent/ATR (20) | 32.5 | HIGH VOLATILITY | The high ATR as a percentage value for MLSUM.PA suggests high volalility. |
| Average Directional Index/ADX (14) | 37.54 | POSITIVE | The high ADX value value for MLSUM.PA suggests a strong trend. |
EPA:MLSUM (1/3/2025, 7:00:00 PM)
0.004
0 (0%)
Sumo Resourcs Plc / MLSUM.PA FAQ
What is the ChartMill technical rating of Sumo Resourcs Plc (MLSUM.PA) stock?
ChartMill assigns a technical rating of 0 / 10 to MLSUM.PA.
What is the current trend direction of Sumo Resourcs Plc (MLSUM.PA) stock?
The current trend direction for Sumo Resourcs Plc (MLSUM.PA) is Bearish.
What is the RSI signal for Sumo Resourcs Plc (MLSUM.PA) stock?
Sumo Resourcs Plc (MLSUM.PA) has an RSI value of 45.9958. This indicates that the stock is currently neutral.
What is the MACD signal for MLSUM stock?
The MACD indicator for Sumo Resourcs Plc (MLSUM.PA) has a value of -0.000199163, indicating a bearish trend.
What is the buy/sell signal for MLSUM stock?
The buy/sell signal for Sumo Resourcs Plc (MLSUM.PA) is sell as both the short term and long term trends are negative.