MONC Technical Analysis - MONCLER SPA

Technical Rating and Analysis

Overall MONC gets a technical rating of 2 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. MONC was also a bad performer in the overall market in the last year.

72% of all other stocks performed better in the past year than MONC.

MONC 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 MONC has a been trading in the 46.46 - 51.56 range, which is quite wide. It is currently trading near the high of this range.

The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.

MONC is an average performer in the Textiles, Apparel & Luxury Goods industry, it outperforms 65% of 44 stocks in the same industry.

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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

MONC 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

45.50

69.95

When analyzing the support we can see 4 important areas.

A support zone ranging from 50.42 to 51.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
A support zone ranging from 48.49 to 49.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @47.20 from a horizontal line in the daily time frame.
A support zone ranging from 45.96 to 46.35. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice 2 important areas.

Resistance @51.96 from a horizontal line in the daily time frame.
Resistance @69.26 from a horizontal line in the weekly time frame.

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What is Support and Resistance

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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 MONC.MI is down.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for MONC.MI is up.
ChartMill Relative Strength	28.09	NEGATIVE	MONC.MI has a low relative strength, it was outperformed by 71.91% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of MONC.MI is above the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	MIXED	The current price of MONC.MI is above a declining SMA(50).
Simple Moving Average/SMA (200)	UP	MIXED	The current price of MONC.MI is below the rising SMA(200).
Relative Strength Index/RSI (14)	57.84	NEUTRAL	The RSI value for MONC.MI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.22	POSITIVE	The MACD value suggests MONC.MI has a positive trend, although the MACD value is declining.
Stochastics (14,3)	79.08	NEUTRAL	The Stochastics value for MONC.MI is a neutral value.
Average True Range in percent/ATR (20)	2.78	MEDIUM VOLATILITY	The ATR as a percentage value for MONC.MI suggests some volalility.
Average Directional Index/ADX (14)	23.52	NEUTRAL	The ADX value for MONC.MI suggests a possible start of a new trend.