MAYVILLE ENGINEERING CO INC (MEC) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:MEC - US5786051079 - Common Stock
Taking everything into account, MEC scores 6 out of 10 in our technical rating. MEC has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
MEC has an average technical rating and the quality of the presented setup is also not ideal 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
12.42
2 important support areas can be observed.
- A support zone ranging from 14.84 to 15.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 12.55 to 12.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 17.54 to 17.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 71.05 | POSITIVE | MEC has a high relative strength, it outperformed 71.05% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of MEC is above 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) | UP | POSITIVE | The current price of MEC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.41 | NEUTRAL | The RSI value for MEC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests MEC has a positive trend. |
| Stochastics (14,3) | 88.37 | OVERBOUGHT | The high Stochastics value suggests MEC may be overbought. |
| Average True Range in percent/ATR (20) | 5.88 | HIGH VOLATILITY | The high ATR as a percentage value for MEC suggests high volalility. |
| Average Directional Index/ADX (14) | 16.9 | NEGATIVE | The low ADX value for MEC suggests a weak or negative trend. |
16.99
+0.12 (+0.71%)
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 6 / 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 60.412. 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 positive.