MOHAWK INDUSTRIES INC (MHK) Stock Technical Analysis
NYSE:MHK • US6081901042
Taking everything into account, MHK scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, MHK is only an average performer.
- The long and short term trends are both positive. This is looking good!
- MHK is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so MHK is lagging the market slightly.
- 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.
- MHK has an average volume of 1112510 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, MHK did better than 74% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
- MHK is part of the Household Durables industry. There are 60 other stocks in this industry, MHK did better than 69% of them.
MHK has an excellent technical rating, but the quality of the setup is only medium 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
99.79
5 important support areas can be observed.
- A support zone ranging from 126.29 to 126.43. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 117.93 to 118.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @111.91 from a trend line in the weekly time frame.
- A support zone ranging from 106.74 to 106.88. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @100.80 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 139.30 to 139.76. 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 | 74.06 | POSITIVE | MHK has a high relative strength, it outperformed 74.06% off all stocks 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) | UP | POSITIVE | The current price of MHK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.58 | NEUTRAL | The RSI value for MHK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.39 | POSITIVE | The MACD value suggests MHK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 73.09 | NEUTRAL | The Stochastics value for MHK is a neutral value. |
| Average True Range in percent/ATR (20) | 3.18 | MEDIUM VOLATILITY | The ATR as a percentage value for MHK suggests some volalility. |
| Average Directional Index/ADX (14) | 33.84 | POSITIVE | The high ADX value value for MHK suggests a strong trend. |
131.91
-0.69 (-0.52%)
MOHAWK INDUSTRIES INC / MHK FAQ
Can you provide the ChartMill technical rating for MOHAWK INDUSTRIES INC?
ChartMill assigns a technical rating of 8 / 10 to MHK.
What is the trend direction for MHK stock?
The current trend direction for MOHAWK INDUSTRIES INC (MHK) is Bullish.
What is the RSI signal for MHK stock?
MOHAWK INDUSTRIES INC (MHK) has an RSI value of 63.5815. This indicates that the stock is currently neutral.
Can you provide the short term momentum for MOHAWK INDUSTRIES INC?
The short term momentum for MOHAWK INDUSTRIES INC (MHK) is positive.
Can you provide the support and resistance levels for MOHAWK INDUSTRIES INC?
MOHAWK INDUSTRIES INC (MHK) has a support level at 126.43 and a resistance level at 139.3. Check the full technical report for our detailed analysis of MHK support and resistance levels.