Stronger Sell Today MLAB ranks #4179 as SELL CANDIDATE. Weaker Sell
Today MLAB ranks #4179 as SELL CANDIDATE.

MLAB stock Mesa Laboratories

MLAB stock
Mesa Laboratories

March 22, 2019
Change -2.53%
Chart period: 2018-12-24 - 2019-03-22
VOLUME
Sell
TREND
Hold

MV LONG
Sell

MV SHORT
Sell

PIVOT
Sell

MACD
Sell

Will MLAB stock price go up or down on Tue, 26 Mar 2019?

Mesa Laboratories Forecast and Stock Analysis

Technical MLAB stock analysis for March 22, 2019.

Sell candidate since 2019-03-22
Shorts n/a
Cash n/a
Loans n/a
Beta 0.39
ROA 6.34

Mesa Laboratories fell by -2.53% in the last day from $232.09 to $226.22 The price has been going up and down for this period, and there has been a -0.52% loss for the last 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -5 097 shares and in total 38 495 shares bought and sold for approximately $8.71 million.

Close price at the end of the last trading day (Friday, 22nd Mar 2019) of the MLAB stock was $226.22. This is 2.53% less than the trading day before Thursday, 21st Mar 2019.

During day the stock fluctuated 3.35% from a day low at $226.01 to a day high of $233.58.

30 day high of the MLAB stock price was $241.83 and low was $225.33.
90 day high was $241.83 and low was $185.12.
52 week high for the Mesa Laboratories - $241.83 and low - $131.51.

Trend

Mesa Laboratories has broken the strong rising short-term trend down. This signalize a slower rising rate, but may also be an early warning about a possible trend shift. Due to trend being broken there will now be resistance at the bottom line of the trend at $229.09. A reaction back to this level may hold a second chance to get out before further falls.

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Signals

There are few to none technical positive signals at the moment. Mesa Laboratories holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at $231.09 and $231.89. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Thursday March 21, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

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A buy signal from a double bottom formation was found on Wednesday March 20, 2019 and based on theory for this formation the price should go up by 13.17% to $240.58 within 8 trading days since signal was issued (Monday April 01, 2019).

Relative Strength Index (RSI)

RSI14 is 34 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at $208.69 and $207.29.

There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Mesa Laboratories finds support just below today's level at $208.69. If this is broken, then the next support from accumulated volume will be at $207.29 and $205.61.

Support: $208.69 Price: $226.22 Resistance: $228.00

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $7.57 (3.35%) between high and low. For the last week, the stock has had a daily average volatility of 2.64%.

Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.

Overall risk:

Very Low Low Medium High Very High

Evaluation: Sell Candidate

The Mesa Laboratories stock holds several negative signals and despite the positive trend we believe Mesa Laboratories will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Sell Candidate.

Stronger Sell Today MLAB ranks #4179 as SELL CANDIDATE. Weaker Sell
Today MLAB ranks #4179 as SELL CANDIDATE.