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MALLINCKRODT PLC (MNK) Stock Technical Analysis

USA - NYSEARCA:MNK - IE000O3L0NQ3 - Common Stock

0.3402 USD
-0.06 (-14.97%)
Last: 8/25/2023, 8:14:49 PM
0.3505 USD
+0.01 (+3.03%)
Pre-Market: 8/28/2023, 8:03:16 AM
Technical Rating and Analysis

0

Overall MNK gets a technical rating of 0 out of 10. MNK's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, MNK is a bad performer in the overall market: 100% of all stocks are doing better.
MNK is one of the lesser performing stocks in the Pharmaceuticals industry. 92% of 192 stocks in the same industry do better.
MNK is currently making a new 52 week low. This is a very bad signal. The S&P500 Index is trading in the upper part of its 52 week range, so MNK is lagging the market.
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.

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Weekly and Daily overview Charts
MALLINCKRODT PLC / MNK Weekly stock chart
MALLINCKRODT PLC / MNK Daily stock chart
Setup Rating and Analysis

3

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.

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Support and Resistance Analysis

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.

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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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorDOWNNEGATIVEThe long term trend for MNK is down.
ChartMill Short Term Trend IndicatorDOWNNEGATIVEThe short term trend for MNK is down.
ChartMill Relative Strength0NEGATIVEMNK has a low relative strength, it was outperformed by 100% off all stocks on the market.
Simple Moving Average/SMA (20)DOWNNEGATIVEThe current price of MNK is below a declining SMA(20).
Simple Moving Average/SMA (50)DOWNNEGATIVEThe current price of MNK is below a declining SMA(50).
Simple Moving Average/SMA (200)DOWNNEGATIVEThe current price of MNK is below a declining SMA(200).
Relative Strength Index/RSI (14)36.29NEUTRALThe RSI value for MNK is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)-0.06NEGATIVEThe MACD value suggests MNK has a negative trend, although the MACD value is rising.
Stochastics (14,3)1.3OVERSOLDThe low Stochastics value suggests MNK may be oversold.
Average True Range in percent/ATR (20)83.6HIGH VOLATILITYThe high ATR as a percentage value for MNK suggests high volalility.
Average Directional Index/ADX (14)15.34NEGATIVEThe low ADX value for MNK suggests a weak or negative trend.
Chart- and CandleStick Pattern Analysis
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)

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MALLINCKRODT PLC / MNK Daily stock chart

MALLINCKRODT PLC

NYSEARCA:MNK (8/25/2023, 8:14:49 PM)

Premarket: 0.3505 +0.01 (+3.03%)

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
3 months CRSN/A
6 months CRSN/A
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

MALLINCKRODT PLC / MNK FAQ

Can you provide the ChartMill technical rating for MALLINCKRODT PLC?

ChartMill assigns a technical rating of 0 / 10 to MNK.


What is the trend direction for MNK stock?

The current trend direction for MALLINCKRODT PLC (MNK) is Bearish.


Can you provide the RSI signal for MALLINCKRODT PLC?

MALLINCKRODT PLC (MNK) has an RSI value of 36.2875. This indicates that the stock is currently neutral.


What is the short term momentum for MNK stock?

The short term momentum for MALLINCKRODT PLC (MNK) is negative.


What is the support and resistance level for MNK stock?

MALLINCKRODT PLC (MNK) has a resistance level at 0.62. Check the full technical report for our detailed analysis of MNK support and resistance levels.