MICHELIN (CGDE) (ML.PA) Stock Technical Analysis
EPA:ML - Euronext Paris - Matif - FR001400AJ45 - Common Stock - Currency: EUR
Taking everything into account, ML scores 7 out of 10 in our technical rating. ML has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
ML is part of the Automobile Components industry. There are 29 other stocks in this industry. ML outperforms 85% of them.
In the last month ML has a been trading in the 32.48 - 34.80 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
ML has an average volume of 1825040 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, ML outperforms 65% of them, which is more or less in line with the market.
ML is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
ML has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 34.32, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
30.17
38.03
3 important support areas can be observed.
- A support zone ranging from 32.97 to 33.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @31.59 from a trend line in the weekly time frame.
- A support zone ranging from 30.47 to 31.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 33.82 to 34.32. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @35.47 from a trend line in the daily time frame.
- A resistance zone ranging from 37.64 to 37.65. This zone is formed by a combination of multiple trend lines in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS65.37
Mansfield-0.27
10 Day High34.8
10 Day Low32.84
20 Day High34.8
20 Day Low32.48
52 Week High38.52
52 Week Low30.17
Performance
1 Week1.29%
2 Weeks3.31%
1 Month4.59%
3 Month8.26%
6 Month-2.18%
12 Month1.82%
2 Year22.93%
3 Year12.57%
5 Year70.74%
10 Year49.44%
15 Year153.67%
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)0.05
RSI(14)60.01
LBB32.83
UBB34.65
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 |
|---|---|---|---|
| 34.81 | 32.96 | 1.85 (5.31%) | 18.82% |
| An entry @34.81. This is a Buy Stop order right above the 10 day high. | An exit @32.96. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.85 points, which is 5.31%. | When investing 18.82% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
EPA:ML (3/6/2025, 9:12:06 AM)
33.69
-0.82 (-2.38%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobile Components
Performance
% Chg-2.38%
1 Week1.29%
2 Weeks3.31%
1 Month4.59%
3 Month8.26%
6 Month-2.18%
12 Month1.82%
2 Year22.93%
3 Year12.57%
5 Year70.74%
10 Year49.44%
15 Year153.67%
Volatility
ATR(14)0.75
ATR(20)%2.23%
ATR Inc24.93%
Range Today0
ADR(20)0.66
ADR(20)%1.95%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS65.37
Mansfield-0.27
10 Day High34.8
10 Day Low32.84
20 Day High34.8
20 Day Low32.48
52 Week High38.52
52 Week Low30.17
CS1 End34.32
CR1 Start35.47
Volume & EV
DER(3)1.46%
DER(5)0.15%
Volume131
Volume Incr21.66%
Vol(5)2.45M
Vol(50)1.83M