MILESTONE SCIENTIFIC INC (MLSS)
US59935P2092 - Common Stock
Overall MLSS gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MLSS is showing a nice and steady performance.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
Both the short term and long term trends are positive. This is a very positive sign.
MLSS is one of the better performing stocks in the Health Care Equipment & Supplies industry, it outperforms 79% of 189 stocks in the same industry.
MLSS is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so MLSS is performing more or less in line with the market.
Looking at the yearly performance, MLSS did better than 88% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
In the last month MLSS has a been trading in the 0.89 - 1.10 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, MLSS also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 1.02, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for MLSS in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- 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
0.57
1.12
5 important support areas can be observed.
- A support zone ranging from 1.00 to 1.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.96 from a trend line in the daily time frame.
- Support @0.90 from a horizontal line in the daily time frame.
- Support @0.75 from a trend line in the weekly time frame.
- Support @0.58 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 1.11 to 1.11. 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
CRS88.6
Mansfield2.28
10 Day High1.1
10 Day Low0.93
20 Day High1.1
20 Day Low0.89
52 Week High1.1
52 Week Low0.52
Performance
1 Week6.72%
2 Weeks1.48%
1 Month8.42%
3 Month41.1%
6 Month37.33%
12 Month8.42%
2 Year30.38%
3 Year-44.92%
5 Year24.1%
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
RSI(14)55.08
LBB0.92
UBB1.08
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 |
|---|---|---|---|
| 1.12 | 0.99 | 0.13 (11.61%) | 8.62% |
| An entry @1.12. This is a Buy Stop order right above the resistance zone. | An exit @0.99. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.13 points, which is 11.61%. | For a 1.00% total portfolio risk, you can invest 8.62% of your capital in this trade. |
- 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.
MILESTONE SCIENTIFIC INC
NYSEARCA:MLSS (9/6/2024, 8:04:00 PM)
1.03
+0.01 (+0.98%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg0.98%
1 Week6.72%
2 Weeks1.48%
1 Month8.42%
3 Month41.1%
6 Month37.33%
12 Month8.42%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.07
ATR(20)%6.91%
ATR Inc
Range Today0.05
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High1.1
10 Day Low0.93
20 Day High1.1
20 Day Low0.89
52 Week High1.1
52 Week Low0.52
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume52.90K
Volume Incr31.48%
Vol(5)89.70K
Vol(50)148.23K