MORNINGSTAR INC (MORN) Stock Technical Analysis
NASDAQ:MORN - Nasdaq - US6177001095 - Common Stock - Currency: USD
We assign a technical rating of 6 out of 10 to MORN. MORN has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
MORN is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
When comparing the performance of all stocks over the past year, MORN turns out to be only a medium performer in the overall market: it outperformed 45% of all stocks.
MORN is part of the Capital Markets industry. There are 231 other stocks in this industry, MORN did better than 53% of them.
MORN 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 MORN is lagging the market slightly.
MORN has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 304.11, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
266.06
313.77
When analyzing the support we can see 2 important areas.
- A support zone ranging from 299.01 to 304.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 268.75 to 272.88. This zone is formed by a combination of multiple trend lines in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 308.05 to 310.66. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The long term trend for MORN is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MORN is up. |
| ChartMill Relative Strength | 45.86 | NEUTRAL | MORN is not amongst the best or worst performers 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) | UP | POSITIVE | The current price of MORN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of MORN is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.33 | NEUTRAL | The RSI value for MORN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.17 | POSITIVE | The MACD value suggests MORN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 66.17 | NEUTRAL | The Stochastics value for MORN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.4 | MEDIUM VOLATILITY | The ATR as a percentage value for MORN suggests some volalility. |
| Average Directional Index/ADX (14) | 22.3 | NEUTRAL | The ADX value for MORN suggests a possible start of a new 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 |
|---|---|---|---|
| 310.67 | 302.09 | 8.58 (2.76%) | 25.00% |
| An entry @310.67. This is a Buy Stop order right above the resistance zone. | An exit @302.09. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 8.58 points, which is 2.76%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.69%. |
- The distance between exit and entry is rather small compared to the average daily movement of MORN. Please evaluate whether better entry and exit points can be found.
- 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.
304.12
-2.55 (-0.83%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryCapital Markets
Performance
% Chg-0.83%
1 Week-1.73%
2 Weeks-0.06%
1 Month8.37%
3 Month-5.72%
6 Month-12.16%
12 Month2.19%
2 Year48.57%
3 Year18.32%
5 Year98.36%
10 Year293.43%
15 Year523.2%
Volatility
ATR(14)6.02
ATR(20)%2.4%
ATR Inc-23.23%
Range Today4.08
ADR(20)6.81
ADR(20)%2.24%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS45.86
Mansfield-0.48
10 Day High314.9
10 Day Low302.1
20 Day High314.9
20 Day Low272.14
52 Week High365
52 Week Low250.34
CS1 End304.11
CR1 Start308.05
Volume & EV
DER(3)-0.99%
DER(5)0.55%
Volume115.00K
Volume Incr-27%
Vol(5)150.46K
Vol(50)205.43K