MLTRO Technical Analysis - TROC DE L'ILE

Technical Rating and Analysis

Taking everything into account, MLTRO scores 0 out of 10 in our technical rating. MLTRO'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.

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 MLTRO.

MLTRO is one of the lesser performing stocks in the Specialty Retail industry. 85% of 57 stocks in the same industry do better.

MLTRO 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.

Warning: MLTRO has an average volume of 60 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

In the last month MLTRO has a been trading in the 2.18 - 3.40 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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

TROC DE L'ILE / MLTRO Weekly stock chart

Setup Rating and Analysis

MLTRO has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

2.18

3.61

When analyzing the support we notice one important area.

Support @2.20 from a horizontal line in the daily time frame.

3 important resistance areas can be observed.

Resistance @3.01 from a horizontal line in the weekly time frame.
Resistance @3.26 from a trend line in the daily time frame.
Resistance @3.57 from a trend line in the daily 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 MLTRO.PA is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for MLTRO.PA is down.
ChartMill Relative Strength	2.69	NEGATIVE	MLTRO.PA has a low relative strength, it was outperformed by 97.31% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of MLTRO.PA is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of MLTRO.PA is below a declining SMA(50).
Relative Strength Index/RSI (14)	47.42	NEUTRAL	The RSI value for MLTRO.PA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.01	NEGATIVE	The MACD value suggests MLTRO.PA has a negative trend, although the MACD value is rising.
Stochastics (14,3)	17.39	OVERSOLD	The low Stochastics value suggests MLTRO.PA may be oversold.
Average True Range in percent/ATR (20)	14.06	HIGH VOLATILITY	The high ATR as a percentage value for MLTRO.PA suggests high volalility.
Average Directional Index/ADX (14)	14.43	NEGATIVE	The low ADX value for MLTRO.PA suggests a weak or negative trend.