MAYVILLE ENGINEERING CO INC (MEC) Stock Technical Analysis
NYSE:MEC • US5786051079
Taking everything into account, MEC scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, MEC has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- MEC is one of the better performing stocks in the Machinery industry, it outperforms 83% of 131 stocks in the same industry.
- MEC is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month MEC has a been trading in the 18.02 - 22.36 range, which is quite wide. It is currently trading near the high of this range.
- Looking at the yearly performance, MEC did better than 90% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
MEC has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
12.13
We found 4 important support areas.
- Support @20.98 from a horizontal line in the daily time frame.
- A support zone ranging from 19.29 to 19.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @17.33 from a horizontal line in the daily time frame.
- Support @12.25 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 22.13 to 22.13. 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 | UP | POSITIVE | The long term trend for MEC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MEC is up. |
| ChartMill Relative Strength | 90.17 | POSITIVE | MEC has a high relative strength, it outperformed 90.17% 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) | 65.02 | NEUTRAL | The RSI value for MEC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests MEC has a positive trend. |
| Stochastics (14,3) | 77.59 | NEUTRAL | The Stochastics value for MEC is a neutral value. |
| Average True Range in percent/ATR (20) | 4.32 | MEDIUM VOLATILITY | The ATR as a percentage value for MEC suggests some volalility. |
| Average Directional Index/ADX (14) | 28.62 | POSITIVE | The high ADX value value for MEC suggests a strong 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 |
|---|---|---|---|
| 22.14 | 20.97 | 1.17 (5.28%) | 18.92% |
| An entry @22.14. This is a Buy Stop order right above the resistance zone. | An exit @20.97. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.17 points, which is 5.28%. | When investing 18.92% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
22.12
+0.54 (+2.5%)
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 9 / 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 65.0246. 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 0.076124, indicating a bearish trend.
What is the support and resistance level for MEC stock?
MAYVILLE ENGINEERING CO INC (MEC) has a support level at 20.98 and a resistance level at 22.13. Check the full technical report for our detailed analysis of MEC support and resistance levels.