MAYVILLE ENGINEERING CO INC (MEC) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:MEC - US5786051079 - Common Stock
Taking everything into account, MEC scores 3 out of 10 in our technical rating. MEC has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
MEC has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 17.61. Right above this resistance zone may be a good entry point.
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12.41
2 important support areas can be observed.
- A support zone ranging from 14.83 to 14.96. 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 12.54 to 12.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 17.61 to 17.82. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The long term trend for MEC is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MEC is down. |
| ChartMill Relative Strength | 50.39 | NEUTRAL | MEC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MEC is below a declining 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) | DOWN | MIXED | The current price of MEC is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.64 | NEUTRAL | The RSI value for MEC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.28 | NEGATIVE | The MACD value suggests MEC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 7.26 | OVERSOLD | The low Stochastics value suggests MEC may be oversold. |
| Average True Range in percent/ATR (20) | 6.32 | HIGH VOLATILITY | The high ATR as a percentage value for MEC suggests high volalility. |
| Average Directional Index/ADX (14) | 18.48 | NEGATIVE | The low ADX value for MEC suggests a weak or negative trend. |
15.61
+0.77 (+5.19%)
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 3 / 10 to MEC.
What is the current trend direction of MAYVILLE ENGINEERING CO INC (MEC) stock?
The current trend direction for MAYVILLE ENGINEERING CO INC (MEC) is Bearish.
Can you provide the RSI signal for MAYVILLE ENGINEERING CO INC?
MAYVILLE ENGINEERING CO INC (MEC) has an RSI value of 48.6415. This indicates that the stock is currently neutral.
Can you provide the short term momentum for MAYVILLE ENGINEERING CO INC?
The short term momentum for MAYVILLE ENGINEERING CO INC (MEC) is negative.