MEC Technical Analysis - MAYVILLE ENGINEERING CO INC

Technical Rating and Analysis

Overall MEC gets a technical rating of 5 out of 10. MEC has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.

79% of all other stocks performed better in the past year than MEC.

MEC is one of the lesser performing stocks in the Machinery industry. 62% of 130 stocks in the same industry do better.

The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.

In the last month MEC has a been trading in the 12.25 - 16.67 range, which is quite wide. It is currently trading near the high of this range.

Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.

MEC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MEC is lagging the market.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

MAYVILLE ENGINEERING CO INC / MEC Weekly stock chart

MAYVILLE ENGINEERING CO INC / MEC Daily stock chart

Setup Rating and Analysis

MEC has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.

More info and screens

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

12.38

17.43

When analyzing the support we notice one important area.

A support zone ranging from 12.51 to 12.59. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice 2 important areas.

Resistance @16.80 from a horizontal line in the weekly time frame.
A resistance zone ranging from 17.17 to 17.26. This zone is formed by a combination of multiple trend lines in multiple time frames.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

Technical Indicator Signal Analysis

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	UP	POSITIVE	The short term trend for MEC is up.
ChartMill Relative Strength	21.36	NEGATIVE	MEC has a low relative strength, it was outperformed by 78.64% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of MEC is above 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)	72.11	OVERBOUGHT	The high RSI value suggests MEC may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.42	POSITIVE	The MACD value suggests MEC has a positive trend.
Stochastics (14,3)	92.05	OVERBOUGHT	The high Stochastics value suggests MEC may be overbought.
Average True Range in percent/ATR (20)	4.18	MEDIUM VOLATILITY	The ATR as a percentage value for MEC suggests some volalility.
Average Directional Index/ADX (14)	18.21	NEGATIVE	The low ADX value for MEC suggests a weak or negative trend.