HERMAN MILLER INC.
HERMAN MILLER INC.
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: MLHR
ISIN:

HERMAN MILLER INC. - Daily - Technical analysis published on 01/22/2020 (GMT)

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  • Timeframe : Daily
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Summary of the analysis

Trends
Court terme: Strongly bearish
De fond: Bearish
Technical indicators
28%
44%
28%
My opinion
Bearish under 41.97 USD
My targets
39.54 USD (-3.54%)
37.16 USD (-9.34%)
My analysis
HERMAN MILLER INC. is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 41.97 USD. The next support located at 39.54 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 37.16 USD. Below this support, sellers could then target 36.04 USD.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
FORCE
0
10
5.2

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Vincent Launay.

Additional analysis

Quotes

HERMAN MILLER INC. rating 40.99 USD. The price registered an increase of -0.34% on the session with the lowest point at 40.85 USD and the highest point at 41.31 USD. The deviation from the price is +0.34% for the low point and -0.77% for the high point.

40.85
41.31
40.99

The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.

Central Gaps

Opening Gap DOWN

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by HERMAN MILLER INC.:

Technical


Technical analysis of HERMAN MILLER INC. in Daily shows an overall bearish trend. 78.57% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly


Price is back under the pivot point

Type : Bearish

Timeframe : Daily



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 37.16 39.54 40.61 40.99 41.97 43.60 45.91
Change (%) -9.34% -3.54% -0.93% - +2.39% +6.37% +12.00%
Change -3.83 -1.45 -0.38 - +0.98 +2.61 +4.92
Level Intermediate Minor Major - Major Major Intermediate



To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard40.5040.7940.9641.2541.4241.7141.88
Camarilla41.0041.0541.0941.1341.1741.2141.26
Woodie40.4440.7640.9041.2241.3641.6841.82
Fibonacci40.7940.9741.0741.2541.4341.5341.71


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard38.5339.2540.1940.9141.8542.5743.51
Camarilla40.6740.8340.9841.1341.2841.4341.59
Woodie38.6439.3140.3040.9741.9642.6343.62
Fibonacci39.2539.8840.2840.9141.5441.9442.57


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard29.2234.9938.3244.1047.4353.2056.53
Camarilla39.1539.9840.8241.6542.4943.3244.15
Woodie27.9934.3837.1043.4946.2052.5955.31
Fibonacci34.9938.4740.6244.1047.5849.7353.20

Numerical data


The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 37.41
MACD (12,26,9): -1.2400
Directional Movement: -12.02
AROON (14): -28.57
DEMA (21): 40.24
Parabolic SAR (0,02-0,02-0,2): 41.67
Elder Ray (13): -0.27
Super Trend (3,10): 43.29
Zig ZAG (10): 40.99
VORTEX (21): 0.7200
Stochastique (14,3,5): 50.93
TEMA (21): 39.97
Williams %R (14): -54.96
Chande Momentum Oscillator (20): -0.43
Repulse (5,40,3): -1.0500
ROCnROLL: 2
TRIX (15,9): -0.4900
Courbe Coppock: 6.92
MA7: 40.82
MA20: 41.47
MA50: 45.22
MA100: 45.13
MAexp7: 41.01
MAexp20: 41.98
MAexp50: 43.81
MAexp100: 44.11
Price / MA7: +0.42%
Price / MA20: -1.16%
Price / MA50: -9.35%
Price / MA100: -9.17%
Price / MAexp7: -0.05%
Price / MAexp20: -2.36%
Price / MAexp50: -6.44%
Price / MAexp100: -7.07%

This member declared not having a position on this financial instrument or a related financial instrument.

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