We assign a technical rating of 9 out of 10 to MPEL. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MPEL is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- MPEL is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so MPEL is lagging the market slightly.
- MPEL 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.
- MPEL has an average volume of 3725130 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, MPEL did better than 82% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
Besides having an excellent technical rating, MPEL also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
More info and screens
16.15
2 important support areas can be observed.
- A support zone ranging from 17.29 to 17.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 16.31 to 16.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- Resistance @18.99 from a trend line in the daily time frame.
- Resistance @19.30 from a horizontal line in the weekly time frame.
- Resistance @19.66 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 | UP | POSITIVE | The long term trend for MPEL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MPEL is up. |
| ChartMill Relative Strength | 82.18 | POSITIVE | MPEL has a high relative strength, it outperformed 82.18% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MPEL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MPEL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MPEL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.84 | NEUTRAL | The RSI value for MPEL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests MPEL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.77 | OVERBOUGHT | The high Stochastics value suggests MPEL may be overbought. |
| Average True Range in percent/ATR (20) | 2.85 | MEDIUM VOLATILITY | The ATR as a percentage value for MPEL suggests some volalility. |
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 |
|---|---|---|---|
| 19.00 | 18.18 | 0.82 (4.32%) | 23.17% |
| An entry @19.00. This is a Buy Stop order right above the resistance zone. | An exit @18.18. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.82 points, which is 4.32%. | For a 1.00% total portfolio risk, you can invest 23.17% of your capital in this trade. |
- 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.
18.97
+0.08 (+0.42%)
MELCO CROWN ENTMT LTD / MPEL FAQ
What is the ChartMill technical rating of MELCO CROWN ENTMT LTD (MPEL) stock?
ChartMill assigns a technical rating of 8 / 10 to MPEL.
Can you provide the trend direction for MELCO CROWN ENTMT LTD?
The current trend direction for MELCO CROWN ENTMT LTD (MPEL) is Bullish.
Can you provide the RSI signal for MELCO CROWN ENTMT LTD?
MELCO CROWN ENTMT LTD (MPEL) has an RSI value of 65.8403. This indicates that the stock is currently neutral.
Can you provide the short term momentum for MELCO CROWN ENTMT LTD?
The short term momentum for MELCO CROWN ENTMT LTD (MPEL) is positive.
Can you provide the support and resistance levels for MELCO CROWN ENTMT LTD?
MELCO CROWN ENTMT LTD (MPEL) has a support level at 17.61 and a resistance level at 18.99. Check the full technical report for our detailed analysis of MPEL support and resistance levels.