MELCO CROWN ENTMT LTD (MPEL) Stock Technical Analysis
NASDAQ:MPEL - Nasdaq - US5854641009
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.
Both the short term and long term trends are positive. This is a very positive sign.
MPEL is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so MPEL is performing more or less in line with the market.
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.
When comparing the yearly performance of all stocks, we notice that MPEL is one of the better performing stocks in the market, outperforming 82% of all 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. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.
More info and screens
16.15
19.86
We found 2 important support areas.
- 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.
When analyzing the resistance we notice 3 important 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. |
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 |
|---|---|---|---|
| 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 worst case loss on the trade is limited to 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%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.42%
1 Week2.1%
2 Weeks2.87%
1 Month12.72%
3 Month19.68%
6 Month13.93%
12 Month20.98%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.54
ATR(20)%2.85%
ATR Inc-59.17%
Range Today0.29
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.18
Mansfield1.25
10 Day High19.19
10 Day Low18.19
20 Day High19.32
20 Day Low16.36
52 Week High20
52 Week Low11.9
CS1 End17.61
CR1 Start18.99
Volume & EV
DER(3)-2.78%
DER(5)-1.92%
Volume5.66M
Volume Incr24.12%
Vol(5)4.07M
Vol(50)3.73M