MAYVILLE ENGINEERING CO INC (MEC)

US5786051079 - Common Stock

14.33  +0.23 (+1.63%)

After market: 14.33 0 (0%)

Technical Rating and Analysis

7

We assign a technical rating of 7 out of 10 to MEC. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, MEC is a bad performer.

When comparing the yearly performance of all stocks, MEC is a bad performer in the overall market: 70% of all stocks are doing better.
MEC is one of the lesser performing stocks in the Machinery industry. 64% of 133 stocks in the same industry do better.
The long and short term trends are both positive. This is looking good!
MEC 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 MEC is lagging the market slightly.
MEC is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Weekly and Daily overview Charts
MEC Weekly chart
MEC Daily chart
Setup Rating and Analysis

7

MEC has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 14.61. Right above this resistance zone may be a good entry point. Another positive sign is the recent Pocket Pivot signal.

  • 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.
Support and Resistance Analysis

10.92

14.83

We found 6 important support areas.

  • Support @14.32 from a trend line in the daily time frame.
  • A support zone ranging from 13.40 to 13.49. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • A support zone ranging from 12.76 to 13.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 11.90 to 12.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @11.47 from a trend line in the weekly time frame.
  • Support @11.03 from a horizontal line in the weekly time frame.

We found 1 important resistance area.

  • A resistance zone ranging from 14.61 to 14.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS30.12
Mansfield-0.02
10 Day High14.82
10 Day Low12.5
20 Day High14.82
20 Day Low12.1
52 Week High15.5
52 Week Low9.55
Performance
1 Week-1.1%
2 Weeks12.22%
1 Month17.08%
3 Month-0.62%
6 Month30.63%
12 Month-3.95%
2 Year52.93%
3 Year-0.35%
5 YearN/A
10 YearN/A
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0.11
RSI(14)64.95
LBB12.43
UBB14.83
Example Setup

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.

ENTRYEXITDISTANCECAPITAL
14.6914.310.38 (2.59%)25.00%
An entry @14.69. This is a Buy Stop order right above the resistance zone.An exit @14.31. This is a Stop Loss order right below the support zone.The worst case loss on the trade is limited to 0.38 points, which is 2.59%.When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.65%.

  • The distance between exit and entry is rather small compared to the average daily movement of MEC. Please evaluate whether better entry and exit points can be found.
  • 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.
MEC Daily chart

MAYVILLE ENGINEERING CO INC

NYSE:MEC (3/28/2024, 8:23:43 PM)

After market: 14.33 0 (0%)

14.33

+0.23 (+1.63%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg1.63%
1 Week-1.1%
2 Weeks12.22%
1 Month17.08%
3 Month-0.62%
6 Month30.63%
12 Month-3.95%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.59
ATR(20)%4.33%
ATR Inc
Range Today0.54
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High14.82
10 Day Low12.5
20 Day High14.82
20 Day Low12.1
52 Week High15.5
52 Week Low9.55
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume65.00K
Volume Incr-4.84%
Vol(5)44.94K
Vol(50)43.48K