MLWEA Technical Analysis - WEACCESS GROUP

Technical Rating and Analysis

We assign a technical rating of 8 out of 10 to MLWEA. In the last year, MLWEA was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.

Warning: MLWEA has an average volume of 2579 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

Both the short term and long term trends are positive. This is a very positive sign.

MLWEA is part of the Diversified Telecommunication Services industry. There are 30 other stocks in this industry. MLWEA outperforms 96% of them.

MLWEA 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 MLWEA is lagging the market slightly.

In the last month MLWEA has a been trading in the 0.71 - 2.34 range, which is quite wide. It is currently trading near the high of this range.

When comparing the yearly performance of all stocks, we notice that MLWEA is one of the better performing stocks in the market, outperforming 99% of all stocks. However, this overall good ranking is mostly due to the recent strong move.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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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

Although MLWEA has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

2.31

2.38

We found 1 important support area.

A support zone ranging from 2.33 to 2.35. This zone is formed by a combination of multiple trend lines in multiple time frames.

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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	UP	POSITIVE	The long term trend for MLWEA.PA is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for MLWEA.PA is up.
ChartMill Relative Strength	99.44	POSITIVE	MLWEA.PA has a high relative strength, it outperformed 99.44% 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	MIXED	The current price of MLWEA.PA is above a declining SMA(200).
Relative Strength Index/RSI (14)	89.79	OVERBOUGHT	The high RSI value suggests MLWEA.PA may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.1	POSITIVE	The MACD value suggests MLWEA.PA has a positive trend, although the MACD value is declining.
Stochastics (14,3)	100	OVERBOUGHT	The high Stochastics value suggests MLWEA.PA may be overbought.
Average True Range in percent/ATR (20)	3.64	MEDIUM VOLATILITY	The ATR as a percentage value for MLWEA.PA suggests some volalility.
Average Directional Index/ADX (14)	49.47	POSITIVE	The high ADX value value for MLWEA.PA suggests a strong trend.