MAYVILLE ENGINEERING CO INC (MEC) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:MEC - US5786051079 - Common Stock
Overall MEC gets a technical rating of 8 out of 10. Both in the recent history as in the last year, MEC has proven to be a steady performer, scoring decent points in every aspect analyzed.
MEC has an excellent technical rating, but the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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12.13
We found 5 important support areas.
- A support zone ranging from 17.67 to 17.72. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @15.61 from a horizontal line in the weekly time frame.
- Support @12.88 from a trend line in the daily time frame.
- Support @12.61 from a trend line in the weekly time frame.
- Support @12.25 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @19.11 from a horizontal line in the weekly 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 | UP | POSITIVE | The long term trend for MEC is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MEC is neutral. |
| ChartMill Relative Strength | 86.61 | POSITIVE | MEC has a high relative strength, it outperformed 86.61% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of MEC is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MEC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MEC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.64 | NEUTRAL | The RSI value for MEC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.19 | NEGATIVE | The MACD value suggests MEC has a negative trend. |
| Stochastics (14,3) | 21.94 | NEUTRAL | The Stochastics value for MEC is a neutral value. |
| Average True Range in percent/ATR (20) | 4.89 | MEDIUM VOLATILITY | The ATR as a percentage value for MEC suggests some volalility. |
| Average Directional Index/ADX (14) | 18.9 | NEGATIVE | The low ADX value for MEC suggests a weak or negative trend. |
17.73
-0.06 (-0.34%)
MAYVILLE ENGINEERING CO INC / MEC FAQ
What is the ChartMill technical rating of MAYVILLE ENGINEERING CO INC (MEC) stock?
ChartMill assigns a technical rating of 8 / 10 to MEC.
What is the trend direction for MEC stock?
The current trend direction for MAYVILLE ENGINEERING CO INC (MEC) is Bullish.
What is the RSI signal for MAYVILLE ENGINEERING CO INC (MEC) stock?
MAYVILLE ENGINEERING CO INC (MEC) has an RSI value of 47.6444. This indicates that the stock is currently neutral.
What is the MACD signal for MAYVILLE ENGINEERING CO INC (MEC) stock?
The MACD indicator for MAYVILLE ENGINEERING CO INC (MEC) has a value of -0.193216, indicating a bearish trend.
What is the support and resistance level for MEC stock?
MAYVILLE ENGINEERING CO INC (MEC) has a support level at 17.72 and a resistance level at 19.11. Check the full technical report for our detailed analysis of MEC support and resistance levels.