MOONLAKE IMMUNOTHERAPEUTICS (MLTX) Stock Technical Analysis
NASDAQ:MLTX - Nasdaq - KY61559X1045 - Common Stock - Currency: USD
Overall MLTX gets a technical rating of 9 out of 10. Both in the recent history as in the last year, MLTX has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
MLTX is part of the Biotechnology industry. There are 551 other stocks in this industry. MLTX outperforms 77% of them.
MLTX is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so MLTX is lagging the market slightly.
In the last month MLTX has a been trading in the 46.12 - 57.45 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
Looking at the yearly performance, MLTX did better than 84% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
Besides having an excellent technical rating, MLTX also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
46.34
56.87
We found 3 important support areas.
- A support zone ranging from 52.11 to 52.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @50.43 from a horizontal line in the daily time frame.
- Support @46.81 from a trend line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 52.44 to 52.89. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 55.38 to 56.31. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The long term trend for MLTX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MLTX is up. |
| ChartMill Relative Strength | 84.66 | POSITIVE | MLTX has a high relative strength, it outperformed 84.66% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of MLTX is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MLTX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MLTX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.6 | NEUTRAL | The RSI value for MLTX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.42 | NEGATIVE | The MACD value suggests MLTX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 54.99 | NEUTRAL | The Stochastics value for MLTX is a neutral value. |
| Average True Range in percent/ATR (20) | 4.29 | MEDIUM VOLATILITY | The ATR as a percentage value for MLTX suggests some volalility. |
| Average Directional Index/ADX (14) | 26.4 | POSITIVE | The high ADX value value for MLTX suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 52.90 | 52.10 | 0.80 (1.51%) | 25.00% |
| An entry @52.90. This is a Buy Stop order right above the resistance zone. | An exit @52.10. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.80 points, which is 1.51%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.38%. |
- The distance between exit and entry is rather small compared to the average daily movement of MLTX. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
52.4
+0.51 (+0.98%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg0.98%
1 Week-0.98%
2 Weeks-4.85%
1 Month6.94%
3 Month36.21%
6 Month16.29%
12 Month18.42%
2 Year-8.98%
3 Year550.12%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.3
ATR(20)%4.29%
ATR Inc-36.62%
Range Today1.1
ADR(20)2.21
ADR(20)%4.22%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.66
Mansfield0.35
10 Day High55.91
10 Day Low46.12
20 Day High57.45
20 Day Low46.12
52 Week High58.26
52 Week Low31.42
CS1 End52.39
CR1 Start52.44
Volume & EV
DER(3)-2.62%
DER(5)-1.26%
Volume274.30K
Volume Incr-27.4%
Vol(5)404.52K
Vol(50)596.86K