Taking everything into account, MLTX scores 2 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. MLTX was also a bad performer in the overall market in the last year.
Although the technical rating is bad, MLTX does present a nice setup opportunity. Prices have been consolidating lately. Another positive sign is the recent Pocket Pivot signal.
- 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
12.38
When analyzing the support we notice one important area.
- Support @12.51 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 13.96 to 14.05. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @14.91 from a horizontal line in the weekly time frame.
- Resistance @15.35 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for MLTX is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MLTX is neutral. |
| ChartMill Relative Strength | 1.56 | NEGATIVE | MLTX has a low relative strength, it was outperformed by 98.44% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of MLTX is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MLTX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MLTX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.09 | NEUTRAL | The RSI value for MLTX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests MLTX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 66.88 | NEUTRAL | The Stochastics value for MLTX is a neutral value. |
| Average True Range in percent/ATR (20) | 5.89 | HIGH VOLATILITY | The high ATR as a percentage value for MLTX suggests high volalility. |
| Average Directional Index/ADX (14) | 15.27 | NEGATIVE | The low ADX value for MLTX suggests a weak or negative trend. |
13.95
-1.39 (-9.06%)
MOONLAKE IMMUNOTHERAPEUTICS / MLTX FAQ
Can you provide the ChartMill technical rating for MOONLAKE IMMUNOTHERAPEUTICS?
ChartMill assigns a technical rating of 2 / 10 to MLTX.
What is the current trend direction of MOONLAKE IMMUNOTHERAPEUTICS (MLTX) stock?
The current trend direction for MOONLAKE IMMUNOTHERAPEUTICS (MLTX) is Bearish.
Can you provide the RSI signal for MOONLAKE IMMUNOTHERAPEUTICS?
MOONLAKE IMMUNOTHERAPEUTICS (MLTX) has an RSI value of 49.0904. This indicates that the stock is currently neutral.
What is the short term momentum for MLTX stock?
The short term momentum for MOONLAKE IMMUNOTHERAPEUTICS (MLTX) is neutral.
What are the support and resistance levels for MOONLAKE IMMUNOTHERAPEUTICS (MLTX) stock?
MOONLAKE IMMUNOTHERAPEUTICS (MLTX) has a support level at 12.51 and a resistance level at 13.96. Check the full technical report for our detailed analysis of MLTX support and resistance levels.