MOONLAKE IMMUNOTHERAPEUTICS (MLTX) Stock Technical Analysis
NASDAQ:MLTX • KY61559X1045
Taking everything into account, MLTX scores 3 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. MLTX was also a bad performer in the overall market in the last year.
- 84% of all other stocks performed better in the past year than MLTX.
- MLTX 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.
- MLTX has an average volume of 2310050 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
- MLTX is an average performer in the Biotechnology industry, it outperforms 40% of 523 stocks in the same industry.
- In the last month MLTX has a been trading in the 14.47 - 17.00 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.
MLTX 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. We notice that large players showed an interest for MLTX in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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13.00
When analyzing the support we can see 4 important areas.
- A support zone ranging from 15.50 to 15.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 14.76 to 14.91. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @13.57 from a trend line in the weekly time frame.
- Support @13.13 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 15.78 to 15.83. 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 MLTX is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MLTX is up. |
| ChartMill Relative Strength | 16.47 | NEGATIVE | MLTX has a low relative strength, it was outperformed by 83.53% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MLTX is below a declining 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) | DOWN | NEGATIVE | The current price of MLTX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.93 | NEUTRAL | The RSI value for MLTX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests MLTX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 56.58 | NEUTRAL | The Stochastics value for MLTX is a neutral value. |
| Average True Range in percent/ATR (20) | 5.1 | HIGH VOLATILITY | The high ATR as a percentage value for MLTX suggests high volalility. |
| Average Directional Index/ADX (14) | 16.07 | NEGATIVE | The low ADX value for MLTX suggests a weak or negative trend. |
15.77
+0.16 (+1.02%)
MOONLAKE IMMUNOTHERAPEUTICS / MLTX FAQ
Can you provide the ChartMill technical rating for MOONLAKE IMMUNOTHERAPEUTICS?
ChartMill assigns a technical rating of 3 / 10 to MLTX.
Can you provide the trend direction for MOONLAKE IMMUNOTHERAPEUTICS?
The current trend direction for MOONLAKE IMMUNOTHERAPEUTICS (MLTX) is Bearish.
What is the RSI signal for MOONLAKE IMMUNOTHERAPEUTICS (MLTX) stock?
MOONLAKE IMMUNOTHERAPEUTICS (MLTX) has an RSI value of 52.9335. This indicates that the stock is currently neutral.
Can you provide the short term momentum for MOONLAKE IMMUNOTHERAPEUTICS?
The short term momentum for MOONLAKE IMMUNOTHERAPEUTICS (MLTX) is positive.
What is the buy/sell signal for MOONLAKE IMMUNOTHERAPEUTICS (MLTX) stock?
The buy/sell signal for MOONLAKE IMMUNOTHERAPEUTICS (MLTX) is hold as the short term and long term trends are mixed.