MITEL NETWORKS CORP (MITL) Stock Technical Analysis
NASDAQ:MITL - Nasdaq - CA60671Q1046
We assign a technical rating of 9 out of 10 to MITL. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MITL is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that MITL is one of the better performing stocks in the market, outperforming 94% of all stocks.
MITL is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so MITL is leading the market.
MITL has an average volume of 1282750 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month MITL has a been trading in a tight range between 10.93 and 11.16.
Volume is considerably higher in the last couple of days.
Although MITL has an excellent technical rating, it does not present a decent entry opportunity 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
10.34
11.32
When analyzing the support we can see 2 important areas.
- A support zone ranging from 10.95 to 11.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @10.44 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 11.21 to 11.21. 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
CRS94.2
Mansfield0.97
10 Day High11.16
10 Day Low10.95
20 Day High11.16
20 Day Low10.93
52 Week High11.31
52 Week Low7.13
Performance
1 Week1.73%
2 Weeks1.55%
1 Month1.55%
3 Month1.36%
6 Month1%
12 Month42.95%
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)0.02
RSI(14)74.15
LBB10.88
UBB11.17
11.15
+0.01 (+0.09%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.09%
1 Week1.73%
2 Weeks1.55%
1 Month1.55%
3 Month1.36%
6 Month1%
12 Month42.95%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.04
ATR(20)%0.34%
ATR Inc-38.6%
Range Today0.02
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
CRS94.2
Mansfield0.97
10 Day High11.16
10 Day Low10.95
20 Day High11.16
20 Day Low10.93
52 Week High11.31
52 Week Low7.13
CS1 End11.07
CR1 Start11.21
Volume & EV
DER(3)2.62%
DER(5)1.76%
Volume8.86M
Volume Incr353.69%
Vol(5)4.38M
Vol(50)1.28M