MMB Technical Analysis - LAGARDERE SA

Technical Rating and Analysis

We assign a technical rating of 1 out of 10 to MMB. MMB scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

79% of all other stocks performed better in the past year than MMB.

Warning: MMB has an average volume of 12867 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 neutral. So this is not the most entertaining stock around.

MMB is an average performer in the Media industry, it outperforms 54% of 62 stocks in the same industry.

MMB is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MMB is lagging the market.

In the last month MMB has a been trading in a tight range between 19.90 and 20.85.

Considerably lower volume is observed 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

Setup Rating and Analysis

Although the technical rating is bad, MMB does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 20.35, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

18.83

22.47

When analyzing the support we can see 2 important areas.

A support zone ranging from 20.30 to 20.35. This zone is formed by a combination of multiple trend lines in the daily time frame.
A support zone ranging from 19.02 to 19.90. This zone is formed by a combination of multiple trend lines in multiple time frames.

3 important resistance areas can be observed.

A resistance zone ranging from 20.52 to 20.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @21.47 from a trend line in the weekly time frame.
A resistance zone ranging from 21.90 to 22.25. This zone is formed by a combination of multiple trend lines in multiple time frames.

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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	NEUTRAL	NEUTRAL	The long term trend for MMB.PA is neutral.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for MMB.PA is neutral.
ChartMill Relative Strength	21.36	NEGATIVE	MMB.PA has a low relative strength, it was outperformed by 78.64% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of MMB.PA is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of MMB.PA is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of MMB.PA is below a declining SMA(200).
Relative Strength Index/RSI (14)	46.43	NEUTRAL	The RSI value for MMB.PA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.02	NEGATIVE	The MACD value suggests MMB.PA has a negative trend, although the MACD value is rising.
Stochastics (14,3)	34.82	NEUTRAL	The Stochastics value for MMB.PA is a neutral value.
Average True Range in percent/ATR (20)	1.2	LOW VOLATILITY	The low ATR as a percentage value for MMB.PA suggests low volalility.
Average Directional Index/ADX (14)	24.94	NEUTRAL	The ADX value for MMB.PA suggests a possible start of a new trend.