MOHAWK INDUSTRIES INC (MHK) Stock Technical Analysis
NYSE:MHK - New York Stock Exchange, Inc. - US6081901042 - Common Stock - Currency: USD
Overall MHK gets a technical rating of 0 out of 10. 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: 75% of all stocks are doing better.
MHK is currently trading near the lower end of its 52 week range, which is not a good sign. 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 99.90 - 114.36 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
MHK is part of the Household Durables industry. There are 64 other stocks in this industry, MHK did better than 57% of them.
Considerably lower volume is observed in the last couple of days.
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
97.64
112.85
We found 1 important support area.
- A support zone ranging from 98.63 to 101.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 105.59 to 109.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 110.94 to 111.73. This zone is formed by a combination of multiple trend lines 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 MHK is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MHK is down. |
| ChartMill Relative Strength | 25.74 | NEGATIVE | MHK has a low relative strength, it was outperformed by 74.26% 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) | 39.34 | NEUTRAL | The RSI value for MHK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.37 | NEGATIVE | The MACD value suggests MHK has a negative trend. |
| Stochastics (14,3) | 14.3 | OVERSOLD | The low Stochastics value suggests MHK may be oversold. |
| Average True Range in percent/ATR (20) | 3.05 | MEDIUM VOLATILITY | The ATR as a percentage value for MHK suggests some volalility. |
| Average Directional Index/ADX (14) | 13.57 | NEGATIVE | The low ADX value for MHK suggests a weak or negative 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)
101.1
-1.22 (-1.19%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHousehold Durables
Performance
% Chg-1.19%
1 Week-6.54%
2 Weeks-4.9%
1 Month-5.4%
3 Month-12.77%
6 Month-27.15%
12 Month-13.17%
2 Year9.84%
3 Year-28.53%
5 Year8.48%
10 Year-45.83%
15 Year80.02%
Volatility
ATR(14)2.85
ATR(20)%3.05%
ATR Inc-31.1%
Range Today1.4
ADR(20)2.69
ADR(20)%2.66%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS25.74
Mansfield-2.25
10 Day High114.36
10 Day Low99.96
20 Day High114.36
20 Day Low99.9
52 Week High164.29
52 Week Low96.24
CS1 End101.09
CR1 Start105.59
Volume & EV
DER(3)0.79%
DER(5)0.18%
Volume375.60K
Volume Incr-46.06%
Vol(5)451.70K
Vol(50)788.96K