MORNINGSTAR INC (MORN) Stock Technical Analysis
NASDAQ:MORN - US6177001095 - Common Stock
258.11 USD
+2.24 (+0.88%)
258.11 USD
0 (0%)
Taking everything into account, MORN scores 0 out of 10 in our technical rating. 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.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
88% of all other stocks performed better in the past year than MORN.
MORN is part of the Capital Markets industry. There are 239 other stocks in this industry, of which 82% are performing better than MORN.
MORN is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
MORN is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
In the last month MORN has a been trading in a tight range between 253.55 and 266.05.
Although the technical rating is bad, MORN does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 258.10, a Stop Loss order could be placed below this zone.
More info and screens
252.75
308.31
When analyzing the support we notice one important area.
- A support zone ranging from 255.30 to 258.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 259.22 to 265.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 297.49 to 298.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 | DOWN | NEGATIVE | The short term trend for MORN is down. |
| ChartMill Relative Strength | 12.03 | NEGATIVE | MORN has a low relative strength, it was outperformed by 87.97% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MORN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MORN is below 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) | 39.98 | NEUTRAL | The RSI value for MORN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.88 | POSITIVE | The MACD value suggests MORN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 22.21 | NEUTRAL | The Stochastics value for MORN is a neutral value. |
| Average True Range in percent/ATR (20) | 1.77 | LOW VOLATILITY | The low ATR as a percentage value for MORN suggests low volalility. |
| Average Directional Index/ADX (14) | 36.99 | POSITIVE | The high ADX value value for MORN 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)
258.11
+2.24 (+0.88%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryCapital Markets
Performance
% Chg0.88%
1 Week-2.66%
2 Weeks-1.59%
1 Month-0.72%
3 Month-17.37%
6 Month-11.2%
12 Month-15.3%
2 Year10.19%
3 Year21.57%
5 Year60.71%
10 Year221.59%
15 Year479.24%
Volatility
ATR(14)4.38
ATR(20)%1.77%
ATR Inc-37.34%
Range Today2.99
ADR(20)4.41
ADR(20)%1.71%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS12.03
Mansfield-2.41
10 Day High266.05
10 Day Low253.61
20 Day High266.05
20 Day Low253.55
52 Week High365
52 Week Low250.34
CS1 End258.1
CR1 Start259.22
Volume & EV
DER(3)-0.04%
DER(5)-0.45%
Volume319.41K
Volume Incr-17.84%
Vol(5)306.07K
Vol(50)341.63K