MLWEA Technical Analysis - WEACCESS GROUP

Technical Rating and Analysis

Overall MLWEA gets a technical rating of 4 out of 10. In the past year, MLWEA was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.

MLWEA 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: MLWEA has an average volume of 2392 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

In the last month MLWEA has a been trading in the 0.38 - 0.96 range, which is quite wide. It is currently trading near the high of this range.

The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.

Looking at the yearly performance, MLWEA did better than 73% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.

MLWEA is part of the Diversified Telecommunication Services industry. There are 30 other stocks in this industry, MLWEA did better than 62% of them.

Volume is considerably higher 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

WEACCESS GROUP / MLWEA Weekly stock chart

WEACCESS GROUP / MLWEA Daily stock chart

Setup Rating and Analysis

MLWEA 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

0.76

1.03

2 important support areas can be observed.

Support @0.89 from a trend line in the weekly time frame.
A support zone ranging from 0.77 to 0.77. This zone is formed by a combination of multiple trend lines in multiple time frames.

We found 1 important resistance area.

Resistance @1.02 from a trend line in the weekly time frame.

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What is Support and Resistance

Support and Resistance indicators

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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 MLWEA.PA is down.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for MLWEA.PA is up.
ChartMill Relative Strength	73.41	POSITIVE	MLWEA.PA has a high relative strength, it outperformed 73.41% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of MLWEA.PA is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of MLWEA.PA is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of MLWEA.PA is below a declining SMA(200).
Relative Strength Index/RSI (14)	56.66	NEUTRAL	The RSI value for MLWEA.PA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.02	POSITIVE	The MACD value suggests MLWEA.PA has a positive trend, although the MACD value is declining.
Stochastics (14,3)	48.17	NEUTRAL	The Stochastics value for MLWEA.PA is a neutral value.
Average True Range in percent/ATR (20)	9.53	HIGH VOLATILITY	The high ATR as a percentage value for MLWEA.PA suggests high volalility.
Average Directional Index/ADX (14)	20.11	NEUTRAL	The ADX value for MLWEA.PA suggests a possible start of a new trend.