MICHELIN (CGDE) (ML.PA)
FR001400AJ45 - Common Stock
Taking everything into account, ML scores 1 out of 10 in our technical rating. ML 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 neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
80% of all other stocks performed better in the past year than ML.
ML 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 ML is lagging the market.
ML is one of the better performing stocks in the Automobile Components industry, it outperforms 71% of 29 stocks in the same industry.
ML has an average volume of 1440610 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month ML has a been trading in the 30.17 - 32.82 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, ML does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 31.03, 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
30.18
38.02
We found 1 important support area.
- A support zone ranging from 30.48 to 31.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 32.18 to 32.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @34.40 from a horizontal line in the daily time frame.
- A resistance zone ranging from 36.27 to 36.60. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @37.64 from a horizontal line 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
CRS20.08
Mansfield-1.53
10 Day High32.82
10 Day Low31.53
20 Day High32.82
20 Day Low30.17
52 Week High38.52
52 Week Low30.06
Performance
1 Week-2.53%
2 Weeks-0.03%
1 Month2.73%
3 Month-12.61%
6 Month-14.16%
12 Month-1.42%
2 Year22.96%
3 Year-11.34%
5 Year17.14%
10 Year69.79%
15 Year138.52%
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)0.07
RSI(14)50.86
LBB30.93
UBB33.13
MICHELIN (CGDE)
EPA:ML (12/20/2024, 7:00:00 PM)
31.95
+0.07 (+0.22%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobile Components
Performance
% Chg0.22%
1 Week-2.53%
2 Weeks-0.03%
1 Month2.73%
3 Month-12.61%
6 Month-14.16%
12 Month-1.42%
2 Year22.96%
3 Year-11.34%
5 Year17.14%
10 Year69.79%
15 Year138.52%
Volatility
ATR(14)0.52
ATR(20)%1.58%
ATR Inc-9.77%
Range Today0.42
ADR(20)0.49
ADR(20)%1.53%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.08
Mansfield-1.53
10 Day High32.82
10 Day Low31.53
20 Day High32.82
20 Day Low30.17
52 Week High38.52
52 Week Low30.06
CS1 End31.03
CR1 Start32.18
Volume & EV
DER(3)0.67%
DER(5)0.8%
Volume3.12M
Volume Incr41.36%
Vol(5)1.92M
Vol(50)1.44M