MOHAWK INDUSTRIES INC (MHK) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:MHK - US6081901042 - Common Stock
We assign a technical rating of 1 out of 10 to MHK. 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.
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
97.01
When analyzing the support we can see 3 important areas.
- Support @108.02 from a trend line in the weekly time frame.
- Support @104.21 from a trend line in the daily time frame.
- A support zone ranging from 97.99 to 100.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 113.02 to 113.32. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 115.90 to 117.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @122.03 from a trend line in the daily time frame.
- Resistance @133.14 from a trend line in the weekly 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 | NEUTRAL | NEUTRAL | The short term trend for MHK is neutral. |
| ChartMill Relative Strength | 16.6 | NEGATIVE | MHK has a low relative strength, it was outperformed by 83.4% 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) | DOWN | NEGATIVE | The current price of MHK is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 44.4 | NEUTRAL | The RSI value for MHK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.94 | POSITIVE | The MACD value suggests MHK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 68.1 | NEUTRAL | The Stochastics value for MHK is a neutral value. |
| Average True Range in percent/ATR (20) | 2.6 | MEDIUM VOLATILITY | The ATR as a percentage value for MHK suggests some volalility. |
| Average Directional Index/ADX (14) | 22.89 | NEUTRAL | The ADX value for MHK suggests a possible start of a new trend. |
110.69
-1.27 (-1.13%)
MOHAWK INDUSTRIES INC / MHK FAQ
Can you provide the ChartMill technical rating for MOHAWK INDUSTRIES INC?
ChartMill assigns a technical rating of 1 / 10 to MHK.
What is the current trend direction of MOHAWK INDUSTRIES INC (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 44.4028. This indicates that the stock is currently neutral.
What is the support and resistance level for MHK stock?
MOHAWK INDUSTRIES INC (MHK) has a support level at 108.02 and a resistance level at 113.02. Check the full technical report for our detailed analysis of MHK support and resistance levels.