Model N Inc (MODN) Technical Analysis
NYSE:MODN • US6075251024
Current stock price
MODN Technical Rating and Analysis
Taking everything into account, MODN scores 6 out of 10 in our technical rating. 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.
- When comparing the yearly performance of all stocks, MODN is a bad performer in the overall market: 69% of all stocks are doing better.
- Both the short term and long term trends are positive. This is a very positive sign.
- MODN is one of the better performing stocks in the Software industry, it outperforms 75% of 278 stocks in the same industry.
- MODN is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MODN is lagging the market slightly.
- 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 Weekly and Daily overview Charts
MODN Setup Rating and Analysis
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
MODN Support and Resistance Analysis
26.02
3 important support areas can be observed.
- 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.
MODN 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 | 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. |
MODN Chart- and CandleStick Pattern Analysis
MODN Example Setup
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.
MODN Technicals: Chart, Performance Metrics, Trend & Indicators
30
+0.03 (+0.1%)
Model N Inc / MODN TA FAQ
Can you provide the ChartMill technical rating for Model N Inc?
ChartMill assigns a technical rating of 6 / 10 to MODN.
Can you provide the trend direction for Model N Inc?
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.
What is the MACD signal for MODN stock?
The MACD indicator for Model N Inc (MODN) has a value of -0.0159142, indicating a bearish trend.
Can you provide the buy/sell signal for Model N Inc?
The buy/sell signal for Model N Inc (MODN) is buy as both the short term and long term trends are positive.