METHODE ELECTRONICS INC (MEI) Stock Technical Analysis
NYSE:MEI - New York Stock Exchange, Inc. - US5915202007 - Common Stock - Currency: USD
Overall MEI gets a technical rating of 0 out of 10. 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.
92% of all other stocks performed better in the past year than MEI.
MEI is one of the lesser performing stocks in the Electronic Equipment, Instruments & Components industry. 86% 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. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month MEI has a been trading in the 6.10 - 8.58 range, which is quite wide. It is currently trading near the lows of this range.
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
6.09
12.67
When analyzing the support we notice one important area.
- Support @6.15 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 5 important areas.
- Resistance @6.85 from a horizontal line in the daily time frame.
- Resistance @9.18 from a trend line in the weekly time frame.
- Resistance @9.86 from a trend line in the daily time frame.
- Resistance @10.17 from a trend line in the daily time frame.
- Resistance @12.54 from a trend 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 | 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 | 8.84 | NEGATIVE | MEI has a low relative strength, it was outperformed by 91.16% 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) | 33.98 | NEUTRAL | The RSI value for MEI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests MEI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 13.29 | OVERSOLD | The low Stochastics value suggests MEI may be oversold. |
| Average True Range in percent/ATR (20) | 6.37 | HIGH VOLATILITY | The high ATR as a percentage value for MEI suggests high volalility. |
| Average Directional Index/ADX (14) | 38.66 | POSITIVE | The high ADX value value for MEI 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)
6.33
+0.17 (+2.76%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg2.76%
1 Week-3.8%
2 Weeks-7.46%
1 Month-38.48%
3 Month-10.85%
6 Month-39.71%
12 Month-37.45%
2 Year-80.37%
3 Year-84.35%
5 Year-77.64%
10 Year-76.18%
15 Year-29.12%
Volatility
ATR(14)0.24
ATR(20)%6.37%
ATR Inc-6.31%
Range Today0.19
ADR(20)0.3
ADR(20)%4.75%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.84
Mansfield-3.72
10 Day High6.82
10 Day Low6.1
20 Day High8.58
20 Day Low6.1
52 Week High17.45
52 Week Low5.08
CS1 End6.15
CR1 Start6.85
Volume & EV
DER(3)-2.74%
DER(5)-2.83%
Volume350.70K
Volume Incr-45.97%
Vol(5)322.34K
Vol(50)409.67K