MAYVILLE ENGINEERING CO INC (MEC) Stock Technical Analysis
NYSE:MEC - New York Stock Exchange, Inc. - US5786051079 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to MEC. MEC's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
88% of all other stocks performed better in the past year than MEC.
MEC is part of the Machinery industry. There are 127 other stocks in this industry, of which 80% are performing better than MEC.
MEC is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
In the last month MEC has a been trading in the 12.10 - 17.62 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of MEC is bad and it also does not present a quality setup 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.
More info and screens
12.12
17.75
3 important support areas can be observed.
- Support @13.67 from a horizontal line in the daily time frame.
- Support @12.59 from a trend line in the weekly time frame.
- Support @12.24 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @16.00 from a trend line in the weekly time frame.
- A resistance zone ranging from 16.99 to 17.01. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @17.57 from a horizontal line in the daily 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 | 12.01 | NEGATIVE | MEC has a low relative strength, it was outperformed by 87.99% off all stocks 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) | DOWN | NEGATIVE | The current price of MEC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MEC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 35.74 | NEUTRAL | The RSI value for MEC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.32 | NEGATIVE | The MACD value suggests MEC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 30.8 | NEUTRAL | The Stochastics value for MEC is a neutral value. |
| Average True Range in percent/ATR (20) | 6.38 | HIGH VOLATILITY | The high ATR as a percentage value for MEC suggests high volalility. |
| Average Directional Index/ADX (14) | 23.97 | NEUTRAL | The ADX value for MEC suggests a possible start of a new trend. |
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)
14.04
+0.36 (+2.63%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg2.63%
1 Week-16.03%
2 Weeks-18.66%
1 Month-12.79%
3 Month-9.94%
6 Month-9.48%
12 Month-28.07%
2 Year19.59%
3 Year101.72%
5 Year64.21%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.04
ATR(20)%6.38%
ATR Inc-27.51%
Range Today0.62
ADR(20)0.78
ADR(20)%5.58%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS12.01
Mansfield-2.13
10 Day High17.62
10 Day Low12.1
20 Day High17.62
20 Day Low12.1
52 Week High23.02
52 Week Low11.72
CS1 End13.67
CR1 Start16
Volume & EV
DER(3)-2.26%
DER(5)-3.22%
Volume285.90K
Volume Incr209.93%
Vol(5)320.00K
Vol(50)139.24K