METHODE ELECTRONICS INC (MEI) Stock Technical Analysis
NYSE:MEI - New York Stock Exchange, Inc. - US5915202007 - Common Stock - Currency: USD
Taking everything into account, MEI scores 5 out of 10 in our technical rating. In the past year, MEI was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
MEI is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month MEI has a been trading in the 7.11 - 8.65 range, which is quite wide. It is currently trading near the high of this range.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
When comparing the yearly performance of all stocks, we notice that MEI is one of the better performing stocks in the market, outperforming 74% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
MEI is an average performer in the Electronic Equipment, Instruments & Components industry, it outperforms 54% of 125 stocks in the same industry.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
MEI has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
7.28
12.85
2 important support areas can be observed.
- Support @8.22 from a trend line in the daily time frame.
- Support @7.35 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- Resistance @9.43 from a trend line in the weekly time frame.
- Resistance @12.72 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 | UP | POSITIVE | The short term trend for MEI is up. |
| ChartMill Relative Strength | 74.22 | POSITIVE | MEI has a high relative strength, it outperformed 74.22% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MEI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MEI is above the rising 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) | 69.34 | NEUTRAL | The RSI value for MEI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests MEI has a positive trend. |
| Stochastics (14,3) | 83.31 | OVERBOUGHT | The high Stochastics value suggests MEI may be overbought. |
| Average True Range in percent/ATR (20) | 3.71 | MEDIUM VOLATILITY | The ATR as a percentage value for MEI suggests some volalility. |
| Average Directional Index/ADX (14) | 34.2 | 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)
NYSE:MEI (6/10/2025, 3:36:07 PM)
8.7431
+0.17 (+2.02%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg2.02%
1 Week8.89%
2 Weeks14.57%
1 Month20.7%
3 Month32.46%
6 Month-34.43%
12 Month-9.79%
2 Year-74.43%
3 Year-76.86%
5 Year-72.58%
10 Year-68.78%
15 Year-12.01%
Volatility
ATR(14)0.3
ATR(20)%3.71%
ATR Inc50.72%
Range Today0.27
ADR(20)0.27
ADR(20)%3.12%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS74.22
Mansfield-1.71
10 Day High8.65
10 Day Low7.46
20 Day High8.65
20 Day Low7.11
52 Week High17.45
52 Week Low5.08
CS1 End8.22
CR1 Start9.43
Volume & EV
DER(3)-0.95%
DER(5)-1.86%
Volume274.69K
Volume Incr4.9%
Vol(5)231.82K
Vol(50)308.03K