METHODE ELECTRONICS INC (MEI) Stock Technical Analysis
USA - NYSE:MEI - US5915202007 - Common Stock
Taking everything into account, MEI scores 0 out of 10 in our technical rating. 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.
MEI has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
6.45
When analyzing the support we notice one important area.
- Support @6.52 from a trend line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 6.65 to 6.68. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 7.14 to 7.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @8.30 from a horizontal line in the daily 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 | 16.45 | NEGATIVE | MEI has a low relative strength, it was outperformed by 83.55% 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) | 39.73 | NEUTRAL | The RSI value for MEI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests MEI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 28.68 | NEUTRAL | The Stochastics value for MEI is a neutral value. |
| Average True Range in percent/ATR (20) | 3.96 | MEDIUM VOLATILITY | The ATR as a percentage value for MEI suggests some volalility. |
| Average Directional Index/ADX (14) | 14.4 | NEGATIVE | The low ADX value for MEI suggests a weak or negative trend. |
6.58
-0.17 (-2.52%)
METHODE ELECTRONICS INC / MEI FAQ
Can you provide the ChartMill technical rating for METHODE ELECTRONICS INC?
ChartMill assigns a technical rating of 0 / 10 to MEI.
Can you provide the trend direction for METHODE ELECTRONICS INC?
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 39.7258. This indicates that the stock is currently neutral.
Can you provide the MACD signal for METHODE ELECTRONICS INC?
The MACD indicator for METHODE ELECTRONICS INC (MEI) has a value of -0.0152296, indicating a bearish trend.
What is the short term momentum for METHODE ELECTRONICS INC (MEI) stock?
The short term momentum for METHODE ELECTRONICS INC (MEI) is negative.