MOHAWK INDUSTRIES INC (MHK) Stock Technical Analysis
USA - NYSE:MHK - US6081901042 - Common Stock
We assign a technical rating of 0 out of 10 to MHK. MHK's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The technical rating of MHK 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
97.01
We found 1 important support area.
- A support zone ranging from 97.99 to 99.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 126.21 to 129.34. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @135.03 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 MHK is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MHK is down. |
| ChartMill Relative Strength | 15.83 | NEGATIVE | MHK has a low relative strength, it was outperformed by 84.17% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MHK is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MHK is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MHK is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 29.22 | OVERSOLD | The low RSI value suggests MHK may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.33 | NEGATIVE | The MACD value suggests MHK has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 5.88 | OVERSOLD | The low Stochastics value suggests MHK may be oversold. |
| Average True Range in percent/ATR (20) | 3.42 | MEDIUM VOLATILITY | The ATR as a percentage value for MHK suggests some volalility. |
| Average Directional Index/ADX (14) | 30.22 | POSITIVE | The high ADX value value for MHK suggests a strong trend. |
108.69
+1.81 (+1.69%)
MOHAWK INDUSTRIES INC / MHK FAQ
Can you provide the ChartMill technical rating for MOHAWK INDUSTRIES INC?
ChartMill assigns a technical rating of 0 / 10 to MHK.
What is the current trend direction of MOHAWK INDUSTRIES INC (MHK) stock?
The current trend direction for MOHAWK INDUSTRIES INC (MHK) is Bearish.
What is the RSI signal for MHK stock?
MOHAWK INDUSTRIES INC (MHK) has an RSI value of 29.2238. This indicates that the stock is currently oversold.
What is the buy/sell signal for MHK stock?
The buy/sell signal for MOHAWK INDUSTRIES INC (MHK) is sell as both the short term and long term trends are negative.
What is the support and resistance level for MHK stock?
MOHAWK INDUSTRIES INC (MHK) has a support level at 99.93 and a resistance level at 126.21. Check the full technical report for our detailed analysis of MHK support and resistance levels.