MDU RESOURCES GROUP INC (MDU) Stock Technical Analysis
NYSE:MDU • US5526901096
We assign a technical rating of 6 out of 10 to MDU. Although MDU is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- MDU is one of the lesser performing stocks in the Gas Utilities industry. 64% of 15 stocks in the same industry do better.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- MDU is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so MDU is lagging the market slightly.
- In the last month MDU has a been trading in the 19.82 - 21.28 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- MDU has an average volume of 2062950 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the performance of all stocks over the past year, MDU turns out to be only a medium performer in the overall market: it outperformed 61% of all stocks.
Although the technical rating is only medium, MDU does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 20.44, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
15.85
4 important support areas can be observed.
- A support zone ranging from 20.18 to 20.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 19.17 to 19.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @16.96 from a trend line in the weekly time frame.
- Support @16.01 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @20.87 from a horizontal line in the daily time frame.
- A resistance zone ranging from 21.32 to 21.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for MDU is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MDU is neutral. |
| ChartMill Relative Strength | 61.86 | NEUTRAL | MDU is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MDU is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MDU is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MDU is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.21 | NEUTRAL | The RSI value for MDU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests MDU has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 53.4 | NEUTRAL | The Stochastics value for MDU is a neutral value. |
| Average True Range in percent/ATR (20) | 2.21 | MEDIUM VOLATILITY | The ATR as a percentage value for MDU suggests some volalility. |
| Average Directional Index/ADX (14) | 11.17 | NEGATIVE | The low ADX value for MDU suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 20.88 | 20.17 | 0.71 (3.40%) | 25.00% |
| An entry @20.88. This is a Buy Stop order right above the resistance zone. | An exit @20.17. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.71 points, which is 3.40%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.85%. |
- 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.
20.68
+0.24 (+1.17%)
MDU RESOURCES GROUP INC / MDU FAQ
What is the ChartMill technical rating of MDU RESOURCES GROUP INC (MDU) stock?
ChartMill assigns a technical rating of 6 / 10 to MDU.
Can you provide the trend direction for MDU RESOURCES GROUP INC?
The current trend direction for MDU RESOURCES GROUP INC (MDU) is Bullish.
What is the RSI signal for MDU RESOURCES GROUP INC (MDU) stock?
MDU RESOURCES GROUP INC (MDU) has an RSI value of 56.2077. This indicates that the stock is currently neutral.
What is the support and resistance level for MDU stock?
MDU RESOURCES GROUP INC (MDU) has a support level at 20.44 and a resistance level at 20.87. Check the full technical report for our detailed analysis of MDU support and resistance levels.