We assign a technical rating of 1 out of 10 to MORN. MORN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, MORN does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 218.22. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 218.02, a Stop Loss order could be placed below this zone.
More info and screens
205.32
2 important support areas can be observed.
- A support zone ranging from 210.71 to 218.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @207.39 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 218.22 to 218.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @277.31 from a trend line in the weekly time frame.
- Resistance @305.26 from a horizontal line in the daily time frame.
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 MORN is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MORN is neutral. |
| ChartMill Relative Strength | 11.6 | NEGATIVE | MORN has a low relative strength, it was outperformed by 88.4% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MORN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of MORN is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MORN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.93 | NEUTRAL | The RSI value for MORN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.31 | POSITIVE | The MACD value suggests MORN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 85.74 | OVERBOUGHT | The high Stochastics value suggests MORN may be overbought. |
| Average True Range in percent/ATR (20) | 1.98 | LOW VOLATILITY | The low ATR as a percentage value for MORN suggests low volalility. |
| Average Directional Index/ADX (14) | 22.95 | NEUTRAL | The ADX value for MORN suggests a possible start of a new trend. |
218.21
+1.27 (+0.59%)
MORNINGSTAR INC / MORN FAQ
What is the ChartMill technical rating of MORNINGSTAR INC (MORN) stock?
ChartMill assigns a technical rating of 1 / 10 to MORN.
What is the trend direction for MORN stock?
The current trend direction for MORNINGSTAR INC (MORN) is Bearish.
What is the RSI signal for MORNINGSTAR INC (MORN) stock?
MORNINGSTAR INC (MORN) has an RSI value of 54.9312. This indicates that the stock is currently neutral.
What is the short term momentum for MORN stock?
The short term momentum for MORNINGSTAR INC (MORN) is neutral.