Mylan NV Ord Shs (MYL) Technical Analysis
NASDAQ:MYL
Current stock price
MYL Technical Rating and Analysis
We assign a technical rating of 4 out of 10 to MYL. Recently some decent action could be observed, but in the medium term time frame this is still negative. MYL was also a bad performer in the overall market in the last year.
- 79% of all other stocks performed better in the past year than MYL.
- MYL is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MYL is lagging the market.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- In the last month MYL has a been trading in the 14.00 - 16.15 range, which is quite wide. It is currently trading near the high of this range.
- MYL has an average volume of 6343190 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Volume is considerably higher in the last couple of days.
MYL Weekly and Daily overview Charts
MYL Setup Rating and Analysis
MYL 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. There is a resistance zone just above the current price starting at 15.90. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 15.47, 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
MYL Support and Resistance Analysis
14.07
When analyzing the support we can see 3 important areas.
- A support zone ranging from 15.15 to 15.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 14.47 to 14.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 14.21 to 14.21. This zone is formed by a combination of multiple trend lines in the daily time frame.
5 important resistance areas can be observed.
- Resistance @15.90 from a horizontal line in the daily time frame.
- Resistance @16.16 from a horizontal line in the daily time frame.
- Resistance @16.54 from a horizontal line in the daily time frame.
- Resistance @17.00 from a horizontal line in the daily time frame.
- Resistance @17.68 from a horizontal line in the weekly time frame.
MYL Technical Indicator Signal Analysis
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 MYL is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MYL is up. |
| ChartMill Relative Strength | 21.01 | NEGATIVE | MYL has a low relative strength, it was outperformed by 78.99% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MYL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MYL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MYL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.95 | NEUTRAL | The RSI value for MYL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests MYL has a positive trend. |
| Stochastics (14,3) | 77.32 | NEUTRAL | The Stochastics value for MYL is a neutral value. |
| Average True Range in percent/ATR (20) | 3.96 | MEDIUM VOLATILITY | The ATR as a percentage value for MYL suggests some volalility. |
MYL Chart- and CandleStick Pattern Analysis
MYL Technicals: Chart, Performance Metrics, Trend & Indicators
15.855
+0.3 (+1.96%)
Mylan NV Ord Shs / MYL TA FAQ
What is the technical rating for MYL stock?
ChartMill assigns a technical rating of 4 / 10 to MYL.
What is the trend direction for MYL stock?
The current trend direction for Mylan NV Ord Shs (MYL) is Bearish.
What is the RSI signal for MYL stock?
Mylan NV Ord Shs (MYL) has an RSI value of 58.9501. This indicates that the stock is currently neutral.
Can you provide the short term momentum for Mylan NV Ord Shs?
The short term momentum for Mylan NV Ord Shs (MYL) is positive.