MODEL N INC (MODN)
US6075251024 - Common Stock
Taking everything into account, MODN scores 8 out of 10 in our technical rating. Although MODN is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
MODN is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
When compared to the yearly performance of all other stocks, MODN outperforms 58% of them, which is more or less in line with the market.
MODN is an average performer in the Software industry, it outperforms 61% of 277 stocks in the same industry.
MODN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MODN is lagging the market.
In the last month MODN has a been trading in a tight range between 29.56 and 29.85.
MODN has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 29.81. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 29.77, a Stop Loss order could be placed below this zone.
More info and screens
24.16
30.13
4 important support areas can be observed.
- A support zone ranging from 29.56 to 29.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @26.34 from a trend line in the weekly time frame.
- Support @25.44 from a trend line in the daily time frame.
- Support @24.40 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 29.81 to 29.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS58.66
Mansfield-0.58
10 Day High29.84
10 Day Low29.67
20 Day High29.85
20 Day Low29.56
52 Week High35.96
52 Week Low20.9
Performance
1 Week0.1%
2 Weeks0.13%
1 Month0.03%
3 Month15.56%
6 Month26.62%
12 Month2.2%
2 Year18.36%
3 Year-16.51%
5 Year65.26%
10 Year169.26%
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)-0.1
RSI(14)65.59
LBB29.65
UBB29.84
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 29.84 | 29.65 | 0.19 (0.62%) | 25.00% |
| An entry @29.84. This is a Buy Stop order right above the resistance zone. | An exit @29.65. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.19 points, which is 0.62%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.15%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
MODEL N INC
NYSE:MODN (5/16/2024, 7:05:07 PM)
After market: 29.78 0 (0%)29.78
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg0%
1 Week0.1%
2 Weeks0.13%
1 Month0.03%
3 Month15.56%
6 Month26.62%
12 Month2.2%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.08
ATR(20)%0.36%
ATR Inc
Range Today0.04
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High29.84
10 Day Low29.67
20 Day High29.85
20 Day Low29.56
52 Week High35.96
52 Week Low20.9
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume615.00K
Volume Incr-54.51%
Vol(5)419.28K
Vol(50)869.46K