MAYVILLE ENGINEERING CO INC (MEC) Stock Technical Analysis
NYSE:MEC - New York Stock Exchange, Inc. - US5786051079 - Common Stock - Currency: USD
Overall MEC gets a technical rating of 6 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.
64% of all other stocks performed better in the past year than MEC.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
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.
MEC is an average performer in the Machinery industry, it outperforms 49% of 128 stocks in the same industry.
MEC is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MEC is lagging the market slightly.
Although the technical rating is only medium, MEC does present a nice setup opportunity. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
12.27
16.53
When analyzing the support we can see 2 important areas.
- A support zone ranging from 14.99 to 14.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @12.39 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 15.45 to 16.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @16.37 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 | UP | POSITIVE | The short term trend for MEC is up. |
| ChartMill Relative Strength | 36.65 | NEUTRAL | MEC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of MEC is below 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) | DOWN | NEGATIVE | The current price of MEC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.93 | NEUTRAL | The RSI value for MEC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests MEC has a negative trend. |
| Stochastics (14,3) | 24.53 | NEUTRAL | The Stochastics value for MEC is a neutral value. |
| Average True Range in percent/ATR (20) | 3.72 | MEDIUM VOLATILITY | The ATR as a percentage value for MEC suggests some volalility. |
| Average Directional Index/ADX (14) | 35.15 | POSITIVE | The high ADX value value for MEC suggests a strong 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)
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.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 15.58 | 15.00 | 0.58 (3.74%) | 25.00% |
| An entry @15.58. This is a Buy Stop order right above the 10 day moving average. | An exit @15.00. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.58 points, which is 3.74%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.93%. |
- 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.
15
-0.02 (-0.13%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg-0.13%
1 Week-4.82%
2 Weeks-1.19%
1 Month4.46%
3 Month4.46%
6 Month-12.49%
12 Month-8.59%
2 Year20.39%
3 Year93.8%
5 Year89.87%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.55
ATR(20)%3.72%
ATR Inc15.11%
Range Today0.45
ADR(20)0.54
ADR(20)%3.58%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS36.65
Mansfield-1.42
10 Day High16.16
10 Day Low14.91
20 Day High16.16
20 Day Low14.37
52 Week High23.02
52 Week Low11.72
CS1 End15.01
CR1 Start15.42
Volume & EV
DER(3)-7.13%
DER(5)-6.14%
Volume90.30K
Volume Incr0.13%
Vol(5)115.92K
Vol(50)108.21K