MALLINCKRODT PLC (MNK) Stock Technical Analysis
NYSEARCA:MNK - NYSE Arca - IE000O3L0NQ3 - Common Stock - Currency: USD
Taking everything into account, MNK scores 0 out of 10 in our technical rating. MNK scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
100% of all other stocks performed better in the past year than MNK.
MNK is part of the Pharmaceuticals industry. There are 194 other stocks in this industry, of which 91% are performing better than MNK.
MNK is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
In the last month MNK has a been trading in the 0.30 - 2.04 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
MNK has an average volume of 4539550 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Considerably lower volume is observed in the last couple of days.
The technical rating of MNK is bad and it also does not present a 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
0.34
0.63
When analyzing the resistance we notice one important area.
- Resistance @0.62 from a trend line in the daily time frame.
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 MNK is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MNK is down. |
| ChartMill Relative Strength | 0 | NEGATIVE | MNK has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MNK is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MNK is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MNK is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 36.29 | NEUTRAL | The RSI value for MNK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests MNK has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 1.3 | OVERSOLD | The low Stochastics value suggests MNK may be oversold. |
| Average True Range in percent/ATR (20) | 83.6 | HIGH VOLATILITY | The high ATR as a percentage value for MNK suggests high volalility. |
| Average Directional Index/ADX (14) | 15.34 | NEGATIVE | The low ADX value for MNK suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
0.3402
-0.06 (-14.97%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg-14.97%
1 Week-42.14%
2 Weeks-61.99%
1 Month-68.5%
3 Month-88.66%
6 Month-96.22%
12 Month0%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.21
ATR(20)%83.6%
ATR Inc-63.56%
Range Today0.11
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High1.1
10 Day Low0.3
20 Day High2.04
20 Day Low0.3
52 Week High18.1
52 Week Low0.3
CS1 EndN/A
CR1 Start0.62
Volume & EV
DER(3)-15.31%
DER(5)-13.3%
Volume543.10K
Volume Incr-93.38%
Vol(5)701.60K
Vol(50)4.54M