MORNINGSTAR INC (MORN) Stock Technical Analysis
NASDAQ:MORN - Nasdaq - US6177001095 - Common Stock - Currency: USD
We assign a technical rating of 3 out of 10 to MORN. MORN has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
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 58% of all stocks.
MORN is an average performer in the Capital Markets industry, it outperforms 64% of 232 stocks in the same industry.
MORN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MORN is lagging the market.
In the last month MORN has a been trading in a tight range between 298.40 and 315.00.
Although the technical rating is bad, MORN does present a nice setup opportunity. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
266.06
315.98
When analyzing the support we notice one important area.
- A support zone ranging from 268.75 to 274.54. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 305.26 to 312.85. 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 | NEUTRAL | NEUTRAL | The short term trend for MORN is neutral. |
| ChartMill Relative Strength | 58.49 | NEUTRAL | MORN is not amongst the best or worst performers 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 | 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) | 44.53 | NEUTRAL | The RSI value for MORN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.59 | NEGATIVE | The MACD value suggests MORN has a negative trend. |
| Stochastics (14,3) | 18.3 | OVERSOLD | The low Stochastics value suggests MORN may be oversold. |
| Average True Range in percent/ATR (20) | 1.84 | LOW VOLATILITY | The low ATR as a percentage value for MORN suggests low volalility. |
| Average Directional Index/ADX (14) | 16.08 | NEGATIVE | The low ADX value for MORN suggests a weak or negative 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)
301.79
+2.67 (+0.89%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryCapital Markets
Performance
% Chg0.89%
1 Week-4.25%
2 Weeks-3.02%
1 Month-3.53%
3 Month4.24%
6 Month-15.24%
12 Month5.34%
2 Year52.56%
3 Year23.69%
5 Year112.19%
10 Year276.02%
15 Year603.48%
Volatility
ATR(14)5.65
ATR(20)%1.84%
ATR Inc6.69%
Range Today4.84
ADR(20)5.13
ADR(20)%1.7%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS58.49
Mansfield-0.9
10 Day High315
10 Day Low298.4
20 Day High315
20 Day Low298.4
52 Week High365
52 Week Low250.34
CS1 End274.54
CR1 Start301.65
Volume & EV
DER(3)1.22%
DER(5)0.36%
Volume151.46K
Volume Incr-10.14%
Vol(5)161.32K
Vol(50)194.34K