MOHAWK INDUSTRIES INC (MHK) Technical Analysis
NYSE:MHK • US6081901042
Current stock price
MHK Technical Rating and Analysis
Taking everything into account, MHK scores 0 out of 10 in our technical rating. MHK scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, MHK is a bad performer in the overall market: 74% of all stocks are doing better.
- MHK is currently making a new 52 week low. This is a very bad signal. The S&P500 Index is trading in the upper part of its 52 week range, so MHK is lagging the market.
- In the last month MHK has a been trading in the 101.29 - 131.08 range, which is quite wide. It is currently trading near the lows of this range.
- MHK is an average performer in the Household Durables industry, it outperforms 55% of 60 stocks in the same industry.
MHK Weekly and Daily overview Charts
MHK Setup Rating and Analysis
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
MHK Support and Resistance Analysis
97.25
When analyzing the resistance we notice 2 important areas.
- Resistance @130.54 from a trend line in the weekly time frame.
- Resistance @139.75 from a horizontal line in the daily time frame.
MHK Technical Indicator Signal Analysis
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 | 26.44 | NEGATIVE | MHK has a low relative strength, it was outperformed by 73.56% 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) | UP | MIXED | The current price of MHK is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 26.49 | OVERSOLD | The low RSI value suggests MHK may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.31 | NEGATIVE | The MACD value suggests MHK has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 7.46 | OVERSOLD | The low Stochastics value suggests MHK may be oversold. |
| Average True Range in percent/ATR (20) | 4.37 | MEDIUM VOLATILITY | The ATR as a percentage value for MHK suggests some volalility. |
| Average Directional Index/ADX (14) | 40.28 | POSITIVE | The high ADX value value for MHK suggests a strong trend. |
MHK Chart- and CandleStick Pattern Analysis
MHK Technicals: Chart, Performance Metrics, Trend & Indicators
98.23
-3.44 (-3.38%)
MOHAWK INDUSTRIES INC / MHK TA 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 trend direction for 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 26.4906. This indicates that the stock is currently oversold.
Can you provide the short term momentum for MOHAWK INDUSTRIES INC?
The short term momentum for MOHAWK INDUSTRIES INC (MHK) is negative.
Can you provide the support and resistance levels for MOHAWK INDUSTRIES INC?
MOHAWK INDUSTRIES INC (MHK) has a resistance level at 130.54. Check the full technical report for our detailed analysis of MHK support and resistance levels.