METHODE ELECTRONICS INC (MEI) Technical Analysis
NYSE:MEI • US5915202007
Current stock price
MEI Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to MEI. MEI scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, MEI is a bad performer in the overall market: 85% of all stocks are doing better.
- MEI is one of the lesser performing stocks in the Electronic Equipment, Instruments & Components industry. 73% of 124 stocks in the same industry do better.
- MEI is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so MEI is lagging the market.
- MEI is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
MEI Weekly and Daily overview Charts
MEI Setup Rating and Analysis
The technical rating of MEI 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
MEI Support and Resistance Analysis
5.15
We can see 3 important resistance areas.
- A resistance zone ranging from 5.32 to 5.38. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @8.64 from a trend line in the weekly time frame.
- A resistance zone ranging from 8.91 to 9.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
MEI Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The long term trend for MEI is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MEI is down. |
| ChartMill Relative Strength | 15.69 | NEGATIVE | MEI has a low relative strength, it was outperformed by 84.31% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MEI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MEI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MEI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 25.49 | OVERSOLD | The low RSI value suggests MEI may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.17 | NEGATIVE | The MACD value suggests MEI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 9.27 | OVERSOLD | The low Stochastics value suggests MEI may be oversold. |
| Average True Range in percent/ATR (20) | 9.76 | HIGH VOLATILITY | The high ATR as a percentage value for MEI suggests high volalility. |
| Average Directional Index/ADX (14) | 42.16 | POSITIVE | The high ADX value value for MEI suggests a strong trend. |
MEI Chart- and CandleStick Pattern Analysis
MEI Technicals: Chart, Performance Metrics, Trend & Indicators
5.2
-0.11 (-2.07%)
METHODE ELECTRONICS INC / MEI TA FAQ
Can you provide the ChartMill technical rating for METHODE ELECTRONICS INC?
ChartMill assigns a technical rating of 0 / 10 to MEI.
What is the trend direction for MEI stock?
The current trend direction for METHODE ELECTRONICS INC (MEI) is Bearish.
Can you provide the RSI signal for METHODE ELECTRONICS INC?
METHODE ELECTRONICS INC (MEI) has an RSI value of 25.491. This indicates that the stock is currently oversold.
What is the buy/sell signal for METHODE ELECTRONICS INC (MEI) stock?
The buy/sell signal for METHODE ELECTRONICS INC (MEI) is sell as both the short term and long term trends are negative.
What is the support and resistance level for MEI stock?
METHODE ELECTRONICS INC (MEI) has a resistance level at 5.32. Check the full technical report for our detailed analysis of MEI support and resistance levels.