MOHAWK INDUSTRIES INC (MHK) Technical Analysis
NYSE:MHK • US6081901042
Current stock price
MHK Technical Rating and Analysis
Taking everything into account, MHK scores 2 out of 10 in our technical rating. In the past year, MHK was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- 76% of all other stocks performed better in the past year than MHK.
- MHK is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month MHK has a been trading in the 94.56 - 112.76 range, which is quite wide. It is currently trading near the high of this range.
- MHK has an average volume of 1021840 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
- MHK is part of the Household Durables industry. There are 60 other stocks in this industry, MHK did better than 42% of them.
MHK Weekly and Daily overview Charts
MHK Setup Rating and Analysis
MHK has a poor technical rating and the quality of the setup is also not perfect 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
94.40
When analyzing the support we can see 2 important areas.
- A support zone ranging from 104.42 to 105.88. 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 95.35 to 96.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 108.76 to 110.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @128.48 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 | UP | POSITIVE | The short term trend for MHK is up. |
| ChartMill Relative Strength | 24.17 | NEGATIVE | MHK has a low relative strength, it was outperformed by 75.83% 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) | 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) | 56.89 | NEUTRAL | The RSI value for MHK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.59 | POSITIVE | The MACD value suggests MHK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 78.72 | NEUTRAL | The Stochastics value for MHK is a neutral value. |
| Average True Range in percent/ATR (20) | 3.89 | MEDIUM VOLATILITY | The ATR as a percentage value for MHK suggests some volalility. |
| Average Directional Index/ADX (14) | 26.83 | 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
108.4
-0.35 (-0.32%)
MOHAWK INDUSTRIES INC / MHK TA FAQ
Can you provide the ChartMill technical rating for MOHAWK INDUSTRIES INC?
ChartMill assigns a technical rating of 2 / 10 to MHK.
Can you provide the trend direction for MOHAWK INDUSTRIES INC?
The current trend direction for MOHAWK INDUSTRIES INC (MHK) is Bearish.
What is the RSI signal for MOHAWK INDUSTRIES INC (MHK) stock?
MOHAWK INDUSTRIES INC (MHK) has an RSI value of 56.8919. This indicates that the stock is currently neutral.
Can you provide the MACD signal for MOHAWK INDUSTRIES INC?
The MACD indicator for MOHAWK INDUSTRIES INC (MHK) has a value of 1.58871, indicating a bullish trend.
What is the buy/sell signal for MHK stock?
The buy/sell signal for MOHAWK INDUSTRIES INC (MHK) is hold as the short term and long term trends are mixed.