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 4 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. MEI was also a bad performer in the overall market in the last year.
89% 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. 83% of 125 stocks in the same industry do better.
MEI is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MEI is lagging the market.
MEI 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.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
Although the technical rating is only medium, MEI does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 7.51, a Stop Loss order could be placed below this zone.
More info and screens
7.32
12.92
We found 1 important support area.
- A support zone ranging from 7.39 to 7.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 4 important resistance areas.
- Resistance @7.59 from a horizontal line in the weekly time frame.
- Resistance @7.86 from a horizontal line in the daily time frame.
- Resistance @9.99 from a trend line in the weekly time frame.
- Resistance @12.79 from a trend line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS11.76
Mansfield-2.8
10 Day High7.96
10 Day Low6.41
20 Day High7.96
20 Day Low5.95
52 Week High17.45
52 Week Low5.08
Performance
1 Week-4.2%
2 Weeks18.05%
1 Month28.77%
3 Month-28.52%
6 Month-28.18%
12 Month-36%
2 Year-82.53%
3 Year-83.31%
5 Year-76.01%
10 Year-83.98%
15 Year-25.91%
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)
Technical Indicators
MACD(12,26,9)0.1
RSI(14)62.46
LBB6.13
UBB8.15
7.52
+0.09 (+1.21%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg1.21%
1 Week-4.2%
2 Weeks18.05%
1 Month28.77%
3 Month-28.52%
6 Month-28.18%
12 Month-36%
2 Year-82.53%
3 Year-83.31%
5 Year-76.01%
10 Year-83.98%
15 Year-25.91%
Volatility
ATR(14)0.32
ATR(20)%4.19%
ATR Inc-14.59%
Range Today0.25
ADR(20)0.26
ADR(20)%3.49%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS11.76
Mansfield-2.8
10 Day High7.96
10 Day Low6.41
20 Day High7.96
20 Day Low5.95
52 Week High17.45
52 Week Low5.08
CS1 End7.51
CR1 Start7.59
Volume & EV
DER(3)2.48%
DER(5)0.5%
Volume220.90K
Volume Incr-34.74%
Vol(5)205.38K
Vol(50)394.90K