Mylan NV Ord Shs (MYL) Stock Technical Analysis
NASDAQ:MYL -
15.855
+0.3 (+1.96%)
15.86
+0 (+0.03%)
Taking everything into account, MYL scores 4 out of 10 in our technical rating. In the past year, MYL was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
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, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
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 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
14.07
17.86
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.
When analyzing the resistance we notice 5 important areas.
- 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.
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. |
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)
15.855
+0.3 (+1.96%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.96%
1 Week4.86%
2 Weeks4.72%
1 Month2.82%
3 Month-0.84%
6 Month1.37%
12 Month-8.56%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.65
ATR(20)%3.96%
ATR Inc-7.61%
Range Today0.81
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
CRS21.01
Mansfield-1.92
10 Day High16.15
10 Day Low14.47
20 Day High16.15
20 Day Low14
52 Week High23.11
52 Week Low12.75
CS1 End15.47
CR1 Start15.9
Volume & EV
DER(3)-1.28%
DER(5)-1.68%
Volume26.57M
Volume Incr159.99%
Vol(5)15.11M
Vol(50)6.34M