Model N Inc (MODN) Stock Technical Analysis
USA - NYSE:MODN - US6075251024 - Common Stock
Overall MODN gets a technical rating of 6 out of 10. Although MODN is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
MODN has an average technical rating and the quality of the presented setup is also not ideal 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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26.02
When analyzing the support we can see 3 important areas.
- A support zone ranging from 29.33 to 29.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @27.43 from a trend line in the weekly time frame.
- Support @26.28 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 30.01 to 30.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for MODN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MODN is up. |
| ChartMill Relative Strength | 31.2 | NEUTRAL | MODN is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MODN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MODN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MODN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 72.3 | OVERBOUGHT | The high RSI value suggests MODN may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests MODN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 91.43 | OVERBOUGHT | The high Stochastics value suggests MODN may be overbought. |
| Average True Range in percent/ATR (20) | 0.12 | LOW VOLATILITY | The low ATR as a percentage value for MODN suggests low volalility. |
| Average Directional Index/ADX (14) | 56.49 | POSITIVE | The high ADX value value for MODN suggests a strong trend. |
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 |
|---|---|---|---|
| 30.02 | 29.88 | 0.14 (0.47%) | 25.00% |
| An entry @30.02. This is a Buy Stop order right above the resistance zone. | An exit @29.88. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.14 points, which is 0.47%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.12%. |
- 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.
30
+0.03 (+0.1%)
Model N Inc / MODN FAQ
Can you provide the ChartMill technical rating for Model N Inc?
ChartMill assigns a technical rating of 6 / 10 to MODN.
What is the trend direction for MODN stock?
The current trend direction for Model N Inc (MODN) is Bullish.
What is the RSI signal for Model N Inc (MODN) stock?
Model N Inc (MODN) has an RSI value of 72.3013. This indicates that the stock is currently overbought.
Can you provide the MACD signal for Model N Inc?
The MACD indicator for Model N Inc (MODN) has a value of -0.0159142, indicating a bearish trend.
What is the buy/sell signal for Model N Inc (MODN) stock?
The buy/sell signal for Model N Inc (MODN) is buy as both the short term and long term trends are positive.