Model N Inc (MODN) Stock Technical Analysis
NYSE:MODN - New York Stock Exchange, Inc. - US6075251024 - Common Stock - Currency: USD
Overall MODN gets a technical rating of 6 out of 10. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, MODN is a bad performer.
69% of all other stocks performed better in the past year than MODN.
The long and short term trends are both positive. This is looking good!
MODN is part of the Software industry. There are 282 other stocks in this industry, MODN did better than 44% of them.
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 29.84 and 30.00.
Volume is considerably higher in the last couple of days.
MODN has an average technical rating and also the quality of the setup is 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.
More info and screens
26.02
30.31
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. |
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)
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 worst case loss on the trade is limited to 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%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg0.1%
1 Week0.27%
2 Weeks0.3%
1 Month0.54%
3 Month5.37%
6 Month11.4%
12 Month-15.16%
2 Year17.28%
3 Year-12.46%
5 Year53.85%
10 Year171.49%
15 YearN/A
Volatility
ATR(14)0.03
ATR(20)%0.12%
ATR Inc-15.15%
Range Today0.03
ADR(20)0.04
ADR(20)%0.12%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS31.2
Mansfield-0.44
10 Day High30
10 Day Low29.89
20 Day High30
20 Day Low29.84
52 Week High35.78
52 Week Low20.9
CS1 End29.94
CR1 Start30.01
Volume & EV
DER(3)0.94%
DER(5)0.67%
Volume1.51M
Volume Incr257.91%
Vol(5)2.00M
Vol(50)818.80K