MLI Technical Analysis - MUELLER INDUSTRIES INC

Technical Rating and Analysis

Taking everything into account, MLI scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, MLI has proven to be a steady performer, scoring decent points in every aspect analyzed.

The long and short term trends are both positive. This is looking good!

When comparing the yearly performance of all stocks, we notice that MLI is one of the better performing stocks in the market, outperforming 87% of all stocks.

MLI is part of the Machinery industry. There are 128 other stocks in this industry. MLI outperforms 86% of them.

A new 52 week high is currently being made by MLI, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.

In the last month MLI has a been trading in the 89.95 - 99.93 range, which is quite wide. It is currently trading near the high of this range.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

MUELLER INDUSTRIES INC / MLI Weekly stock chart

MUELLER INDUSTRIES INC / MLI Daily stock chart

Setup Rating and Analysis

Although MLI has an excellent technical rating, it does not offer a high 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

73.47

99.96

We found 5 important support areas.

Support @93.38 from a trend line in the daily time frame.
A support zone ranging from 89.76 to 90.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @82.67 from a horizontal line in the daily time frame.
A support zone ranging from 78.06 to 78.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @74.21 from a trend line in the weekly time frame.

We found 1 important resistance area.

A resistance zone ranging from 98.97 to 98.97. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

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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	UP	POSITIVE	The long term trend for MLI is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for MLI is up.
ChartMill Relative Strength	87.6	POSITIVE	MLI has a high relative strength, it outperformed 87.6% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of MLI is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of MLI is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of MLI is above the rising SMA(200).
Relative Strength Index/RSI (14)	68.67	NEUTRAL	The RSI value for MLI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.02	NEGATIVE	The MACD value suggests MLI has a negative trend, although the MACD value is rising.
Stochastics (14,3)	89.87	OVERBOUGHT	The high Stochastics value suggests MLI may be overbought.
Average True Range in percent/ATR (20)	1.85	LOW VOLATILITY	The low ATR as a percentage value for MLI suggests low volalility.
Average Directional Index/ADX (14)	28.6	POSITIVE	The high ADX value value for MLI suggests a strong trend.