MELCO RESORTS & ENTERT-ADR (MLCO) Stock Technical Analysis
NASDAQ:MLCO - Nasdaq - US5854641009 - ADR - Currency: USD
We assign a technical rating of 3 out of 10 to MLCO. Recently some decent action could be observed, but in the medium term time frame this is still negative. MLCO was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, MLCO is a bad performer in the overall market: 82% of all stocks are doing better.
MLCO is part of the Hotels, Restaurants & Leisure industry. There are 135 other stocks in this industry, of which 75% are performing better than MLCO.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
MLCO is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
MLCO has an average volume of 3846480 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
MLCO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MLCO is lagging the market.
MLCO 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
5.10
8.20
When analyzing the support we can see 5 important areas.
- A support zone ranging from 5.75 to 5.88. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @5.54 from a trend line in the weekly time frame.
- Support @5.42 from a horizontal line in the weekly time frame.
- Support @5.27 from a horizontal line in the daily time frame.
- Support @5.15 from a horizontal line in the daily time frame.
We can see 5 important resistance areas.
- A resistance zone ranging from 6.17 to 6.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @6.42 from a trend line in the weekly time frame.
- Resistance @6.99 from a horizontal line in the daily time frame.
- Resistance @7.63 from a trend line in the weekly time frame.
- Resistance @8.12 from a trend line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS18.84
Mansfield-1.58
10 Day High6.35
10 Day Low5.2
20 Day High6.35
20 Day Low5.15
52 Week High8.9
52 Week Low4.78
Performance
1 Week4.52%
2 Weeks12.55%
1 Month8.68%
3 Month1.01%
6 Month9.07%
12 Month-30.03%
2 Year-52.97%
3 Year-40.02%
5 Year-65.34%
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)0.08
RSI(14)55.2
LBB4.97
UBB6.42
6.01
-0.12 (-1.96%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg-1.96%
1 Week4.52%
2 Weeks12.55%
1 Month8.68%
3 Month1.01%
6 Month9.07%
12 Month-30.03%
2 Year-52.97%
3 Year-40.02%
5 Year-65.34%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.28
ATR(20)%4.69%
ATR Inc-14.3%
Range Today0.33
ADR(20)0.25
ADR(20)%4.21%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS18.84
Mansfield-1.58
10 Day High6.35
10 Day Low5.2
20 Day High6.35
20 Day Low5.15
52 Week High8.9
52 Week Low4.78
CS1 End5.88
CR1 Start6.17
Volume & EV
DER(3)0.02%
DER(5)0.35%
Volume4.08M
Volume Incr25.77%
Vol(5)5.42M
Vol(50)3.85M