NOVATECH INDUSTRIES (MLNOV.PA) Stock Technical Analysis
EPA:MLNOV - Euronext Paris - Matif - FR0000185464 - Common Stock - Currency: EUR
We assign a technical rating of 4 out of 10 to MLNOV. Although MLNOV is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
In the last month MLNOV has a been trading in the 8.50 - 11.00 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Warning: MLNOV has an average volume of 169 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
MLNOV is part of the Electronic Equipment, Instruments & Components industry. There are 49 other stocks in this industry. MLNOV outperforms 89% of them.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
When comparing the yearly performance of all stocks, we notice that MLNOV is one of the better performing stocks in the market, outperforming 89% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
MLNOV 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.
Considerably lower volume is observed in the last couple of days.
MLNOV has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
6.68
11.11
5 important support areas can be observed.
- A support zone ranging from 8.45 to 8.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @7.94 from a trend line in the daily time frame.
- Support @7.70 from a trend line in the weekly time frame.
- Support @7.35 from a trend line in the daily time frame.
- Support @6.75 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 10.76 to 11.00. 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
CRS89.93
Mansfield-2.14
10 Day High10.5
10 Day Low8.5
20 Day High11
20 Day Low8.5
52 Week High12.3
52 Week Low4.92
Performance
1 Week-19.05%
2 Weeks-19.05%
1 Month-6.08%
3 Month-15%
6 Month4.29%
12 Month57.41%
2 Year0%
3 Year88.05%
5 Year33.86%
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)-0.25
RSI(14)39.02
LBB8.09
UBB11.61
EPA:MLNOV (3/6/2025, 7:00:00 PM)
8.5
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg0%
1 Week-19.05%
2 Weeks-19.05%
1 Month-6.08%
3 Month-15%
6 Month4.29%
12 Month57.41%
2 Year0%
3 Year88.05%
5 Year33.86%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.33
ATR(20)%4.44%
ATR Inc-100%
Range Today0
ADR(20)0
ADR(20)%0%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.93
Mansfield-2.14
10 Day High10.5
10 Day Low8.5
20 Day High11
20 Day Low8.5
52 Week High12.3
52 Week Low4.92
CS1 End8.49
CR1 Start10.76
Volume & EV
DER(3)0%
DER(5)0%
Volume1
Volume Incr-90.38%
Vol(5)6.4
Vol(50)169.34