Technical Analysis for MLHR - Herman Miller, Inc.

Grade Last Price % Change Price Change
grade F 21.375 2.00% 0.42
MLHR closed up 2.0 percent on Friday, July 10, 2020, on approximately normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a bounce should not be unexpected.

Trend Table & Recent Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Down Down
Historical MLHR trend table...

Date Alert Name Type % Chg
Stochastic Buy Signal Bullish 0.00%
NR7 Range Contraction 0.00%
Oversold Stochastic Weakness 0.00%
Oversold Stochastic Weakness 2.00%
Narrow Range Bar Range Contraction 2.32%
NR7 Range Contraction 2.32%
NR7-2 Range Contraction 2.32%
Lower Bollinger Band Walk Weakness 2.32%
Below Lower BB Weakness 2.32%
Lower Bollinger Band Touch Weakness 2.32%

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Profile

Herman Miller, Inc. engages in the research, design, manufacture, and distribution of office furniture systems, seating products, textiles, and related services worldwide. It provides modular systems under the Action Office, Canvas Office Landscape, Ethospace, Resolve, and My Studio Environments; seating products under the Embody, Aeron, Mirra, Setu, Sayl, Celle, Equa, and Ergon; and storage products under the Meridian and Tu names. The company also offers wooden casegoods under the Geiger; freestanding furniture products under the Abak, Intent, Sense, and Envelop; and healthcare products under the Compass, Nala, and Nemschoff names, as well as provides Thrive portfolio of ergonomic solutions. It markets its products for office, healthcare, educational, and residential settings through its sales staff, own dealer network, independent dealers and retailers, and independent contract office furniture dealers, as well as through Internet. The company was founded in 1905 and is headquartered in Zeeland, Michigan.
Healthcare Design Healthcare Products Industrial Design Michigan Storage Products Furniture Products Dealer Network Ergon Zeeland

Is MLHR a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 49.87
52 Week Low 14.39
Average Volume 723,006
200-Day Moving Average 34.33
50-Day Moving Average 23.45
20-Day Moving Average 23.61
10-Day Moving Average 22.69
Average True Range 1.46
ADX 12.52
+DI 20.50
-DI 28.87
Chandelier Exit (Long, 3 ATRs ) 22.82
Chandelier Exit (Short, 3 ATRs ) 24.93
Upper Bollinger Band 26.71
Lower Bollinger Band 20.50
Percent B (%b) 0.14
BandWidth 26.31
MACD Line -0.75
MACD Signal Line -0.31
MACD Histogram -0.4468
Fundamentals Value
Market Cap 1.28 Billion
Num Shares 59.7 Million
EPS 2.00
Price-to-Earnings (P/E) Ratio 10.69
Price-to-Sales 0.93
Price-to-Book 3.45
PEG Ratio 0.31
Dividend 0.72
Dividend Yield 3.37%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 22.47
Resistance 3 (R3) 22.36 21.89 22.29
Resistance 2 (R2) 21.89 21.61 21.94 22.23
Resistance 1 (R1) 21.63 21.43 21.76 21.74 22.17
Pivot Point 21.16 21.16 21.22 21.21 21.16
Support 1 (S1) 20.90 20.88 21.03 21.01 20.58
Support 2 (S2) 20.43 20.70 20.48 20.52
Support 3 (S3) 20.17 20.43 20.46
Support 4 (S4) 20.28