MAYVILLE ENGINEERING CO INC (MEC) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:MEC - US5786051079 - Common Stock
Taking everything into account, MEC scores 7 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
Besides having an excellent technical rating, MEC also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 17.85, a Stop Loss order could be placed below this zone.
More info and screens
12.13
We found 4 important support areas.
- A support zone ranging from 17.73 to 17.85. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @12.89 from a trend line in the daily time frame.
- Support @12.61 from a trend line in the weekly time frame.
- Support @12.25 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- Resistance @19.11 from a horizontal line 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 | UP | POSITIVE | The long term trend for MEC is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MEC is neutral. |
| ChartMill Relative Strength | 88.16 | POSITIVE | MEC has a high relative strength, it outperformed 88.16% 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) | 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) | 53.7 | NEUTRAL | The RSI value for MEC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests MEC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 34.67 | NEUTRAL | The Stochastics value for MEC is a neutral value. |
| Average True Range in percent/ATR (20) | 4.38 | MEDIUM VOLATILITY | The ATR as a percentage value for MEC suggests some volalility. |
| Average Directional Index/ADX (14) | 17.32 | NEGATIVE | The low ADX value for MEC suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 19.12 | 17.72 | 1.40 (7.32%) | 13.66% |
| An entry @19.12. This is a Buy Stop order right above the resistance zone. | An exit @17.72. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.40 points, which is 7.32%. | For a 1.00% total portfolio risk, you can invest 13.66% of your capital in this trade. |
- 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.
18.41
+0.12 (+0.66%)
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 7 / 10 to MEC.
What is the trend direction for MEC stock?
The current trend direction for MAYVILLE ENGINEERING CO INC (MEC) is Bullish.
What is the RSI signal for MAYVILLE ENGINEERING CO INC (MEC) stock?
MAYVILLE ENGINEERING CO INC (MEC) has an RSI value of 53.6976. This indicates that the stock is currently neutral.
What is the MACD signal for MAYVILLE ENGINEERING CO INC (MEC) stock?
The MACD indicator for MAYVILLE ENGINEERING CO INC (MEC) has a value of -0.158998, indicating a bearish trend.
What is the support and resistance level for MEC stock?
MAYVILLE ENGINEERING CO INC (MEC) has a support level at 17.85 and a resistance level at 19.11. Check the full technical report for our detailed analysis of MEC support and resistance levels.