MOONLAKE IMMUNOTHERAPEUTICS (MLTX) Stock Technical Analysis
NASDAQ:MLTX • KY61559X1045
We assign a technical rating of 4 out of 10 to MLTX. 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.
- 75% 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.
- In the last month MLTX has a been trading in the 14.47 - 18.89 range, which is quite wide. It is currently trading near the high of this range.
- MLTX has an average volume of 2286330 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 part of the Biotechnology industry. There are 520 other stocks in this industry, MLTX did better than 48% of them.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
MLTX has an average technical rating and it also does not offer a high 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
13.29
3 important support areas can be observed.
- A support zone ranging from 16.48 to 16.70. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @13.85 from a trend line in the weekly time frame.
- Support @13.42 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 18.78 to 18.78. 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 | 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 | 25.79 | NEGATIVE | MLTX has a low relative strength, it was outperformed by 74.21% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MLTX is above 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) | DOWN | NEGATIVE | The current price of MLTX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 69.04 | NEUTRAL | The RSI value for MLTX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.29 | POSITIVE | The MACD value suggests MLTX has a positive trend. |
| Stochastics (14,3) | 90.24 | OVERBOUGHT | The high Stochastics value suggests MLTX may be overbought. |
| Average True Range in percent/ATR (20) | 4.77 | MEDIUM VOLATILITY | The ATR as a percentage value for MLTX suggests some volalility. |
| Average Directional Index/ADX (14) | 23.69 | NEUTRAL | The ADX value for MLTX suggests a possible start of a new trend. |
18.77
+0.6 (+3.3%)
MOONLAKE IMMUNOTHERAPEUTICS / MLTX FAQ
Can you provide the ChartMill technical rating for MOONLAKE IMMUNOTHERAPEUTICS?
ChartMill assigns a technical rating of 4 / 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 69.0393. 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.