MNL Technical Analysis - MONNALISA SPA

Technical Rating and Analysis

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

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, MNL is a bad performer in the overall market: 95% of all stocks are doing better.

MNL is part of the Textiles, Apparel & Luxury Goods industry. There are 46 other stocks in this industry, of which 77% are performing better than MNL.

MNL 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.

In the last month MNL has a been trading in the 0.92 - 1.51 range, which is quite wide. It is currently trading near the lows of this range.

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

MNL has a poor technical rating and the quality of the setup is also only medium 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

0.99

1.23

We found 1 important support area.

A support zone ranging from 1.00 to 1.01. This zone is formed by a combination of multiple trend lines in multiple time frames.

We can see 3 important resistance areas.

A resistance zone ranging from 1.09 to 1.11. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A resistance zone ranging from 1.18 to 1.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 1.21 to 1.22. 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	DOWN	NEGATIVE	The long term trend for MNL.MI is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for MNL.MI is down.
ChartMill Relative Strength	5.61	NEGATIVE	MNL.MI has a low relative strength, it was outperformed by 94.39% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of MNL.MI is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of MNL.MI is below the rising SMA(50).
Relative Strength Index/RSI (14)	45.05	NEUTRAL	The RSI value for MNL.MI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.02	NEGATIVE	The MACD value suggests MNL.MI has a negative trend, although the MACD value is rising.
Stochastics (14,3)	33.99	NEUTRAL	The Stochastics value for MNL.MI is a neutral value.
Average True Range in percent/ATR (20)	11.36	HIGH VOLATILITY	The high ATR as a percentage value for MNL.MI suggests high volalility.
Average Directional Index/ADX (14)	16.25	NEGATIVE	The low ADX value for MNL.MI suggests a weak or negative trend.