Melrose Bancorp Inc. (MELR) Stock Technical Analysis
NASDAQ:MELR - Nasdaq -
Taking everything into account, MELR scores 0 out of 10 in our technical rating. MELR scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, MELR is a bad performer in the overall market: 65% of all stocks are doing better.
MELR 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.
In the last month MELR has a been trading in the 17.69 - 19.00 range, which is quite wide. It is currently trading near the lows of this range.
Warning: MELR has an average volume of 2626 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Volume is considerably higher in the last couple of days.
MELR has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
17.23
20.20
2 important support areas can be observed.
- Support @17.70 from a horizontal line in the weekly time frame.
- Support @17.40 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 17.90 to 18.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 20.00 to 20.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS35.35
Mansfield-1.3
10 Day High18.63
10 Day Low17.69
20 Day High19
20 Day Low17.69
52 Week High20.15
52 Week Low16.99
Performance
1 Week-0.67%
2 Weeks-1.72%
1 Month-5.19%
3 Month-4.68%
6 Month-8.66%
12 Month-8.71%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)-0.04
RSI(14)36.56
LBB17.66
UBB18.27
NASDAQ:MELR (7/8/2019, 8:00:00 PM)
17.71
-0.06 (-0.34%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.34%
1 Week-0.67%
2 Weeks-1.72%
1 Month-5.19%
3 Month-4.68%
6 Month-8.66%
12 Month-8.71%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.28
ATR(20)%1.74%
ATR Inc-10.39%
Range Today0.33
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
CRS35.35
Mansfield-1.3
10 Day High18.63
10 Day Low17.69
20 Day High19
20 Day Low17.69
52 Week High20.15
52 Week Low16.99
CS1 End17.7
CR1 Start17.9
Volume & EV
DER(3)-0.99%
DER(5)-0.83%
Volume9.70K
Volume Incr85.15%
Vol(5)4.24K
Vol(50)2.63K