MOHAWK INDUSTRIES INC (MHK) Stock Technical Analysis
NYSE:MHK - US6081901042 - Common Stock
132.69 USD
+0.21 (+0.16%)
132.69 USD
0 (0%)
We assign a technical rating of 8 out of 10 to MHK. Although MHK is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
MHK 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.
When compared to the yearly performance of all other stocks, MHK outperforms 62% of them, which is more or less in line with the market.
MHK is an average performer in the Household Durables industry, it outperforms 65% of 61 stocks in the same industry.
MHK is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MHK is lagging the market.
MHK has an excellent technical rating and also presents a decent setup pattern. 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 a resistance zone just above the current price starting at 133.22. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 132.68, a Stop Loss order could be placed below this zone.
More info and screens
97.64
134.55
When analyzing the support we can see 4 important areas.
- A support zone ranging from 131.78 to 132.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 126.71 to 126.87. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @114.51 from a horizontal line in the daily time frame.
- A support zone ranging from 98.63 to 102.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 133.22 to 133.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for MHK is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MHK is up. |
| ChartMill Relative Strength | 62.23 | NEUTRAL | MHK is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MHK is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MHK is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of MHK is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 65.12 | NEUTRAL | The RSI value for MHK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests MHK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 90.22 | OVERBOUGHT | The high Stochastics value suggests MHK may be overbought. |
| Average True Range in percent/ATR (20) | 2.72 | MEDIUM VOLATILITY | The ATR as a percentage value for MHK suggests some volalility. |
| Average Directional Index/ADX (14) | 35.56 | POSITIVE | The high ADX value value for MHK 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 133.23 | 131.77 | 1.46 (1.10%) | 25.00% |
| An entry @133.23. This is a Buy Stop order right above the resistance zone. | An exit @131.77. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.46 points, which is 1.10%. | For a 0.27% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of MHK. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
132.69
+0.21 (+0.16%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHousehold Durables
Performance
% Chg0.16%
1 Week-0.39%
2 Weeks3.6%
1 Month13.72%
3 Month31.89%
6 Month12.84%
12 Month-14.47%
2 Year30.87%
3 Year20.23%
5 Year43.71%
10 Year-32.63%
15 Year199.46%
Volatility
ATR(14)3.92
ATR(20)%2.72%
ATR Inc-44.14%
Range Today1.87
ADR(20)3.35
ADR(20)%2.52%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS62.23
Mansfield-0.16
10 Day High133.93
10 Day Low121.49
20 Day High133.93
20 Day Low116.45
52 Week High164.29
52 Week Low96.24
CS1 End132.68
CR1 Start133.22
Volume & EV
DER(3)-2.64%
DER(5)-2.25%
Volume570.70K
Volume Incr-36.53%
Vol(5)585.20K
Vol(50)857.49K