MUELLER INDUSTRIES INC (MLI) Stock Technical Analysis
NYSE:MLI - New York Stock Exchange, Inc. - US6247561029 - Common Stock - Currency: USD
We assign a technical rating of 6 out of 10 to MLI. Although MLI is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
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. On top of that, MLI also shows a nice and consistent pattern of rising prices.
MLI is part of the Machinery industry. There are 128 other stocks in this industry. MLI outperforms 90% of them.
In the last month MLI has a been trading in the 66.84 - 76.54 range, which is quite wide. It is currently trading near the high of this range.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
MLI is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
Although the technical rating is only medium, MLI does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 75.97. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 75.42, a Stop Loss order could be placed below this zone.
More info and screens
67.77
84.92
When analyzing the support we can see 4 important areas.
- Support @75.42 from a trend line in the daily time frame.
- A support zone ranging from 72.34 to 72.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 70.54 to 70.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 68.45 to 68.80. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 75.97 to 76.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @78.71 from a horizontal line in the daily time frame.
- A resistance zone ranging from 81.06 to 82.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @84.08 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.37
Mansfield0.39
10 Day High75.95
10 Day Low67.91
20 Day High76.54
20 Day Low66.84
52 Week High96.81
52 Week Low53.53
Performance
1 Week3.48%
2 Weeks6.48%
1 Month1.98%
3 Month-4.06%
6 Month-7.26%
12 Month32.99%
2 Year103.47%
3 Year180.59%
5 Year464.23%
10 Year333.45%
15 Year1039.95%
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)
Technical Indicators
MACD(12,26,9)0.59
RSI(14)54.06
LBB69.02
UBB76.03
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 76.41 | 75.41 | 1.00 (1.31%) | 25.00% |
| An entry @76.41. This is a Buy Stop order right above the resistance zone. | An exit @75.41. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.00 points, which is 1.31%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.33%. |
- The distance between exit and entry is rather small compared to the average daily movement of MLI. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
75.55
+2.07 (+2.82%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg2.82%
1 Week3.48%
2 Weeks6.48%
1 Month1.98%
3 Month-4.06%
6 Month-7.26%
12 Month32.99%
2 Year103.47%
3 Year180.59%
5 Year464.23%
10 Year333.45%
15 Year1039.95%
Volatility
ATR(14)2.3
ATR(20)%4.45%
ATR Inc-27.95%
Range Today2.24
ADR(20)3.04
ADR(20)%4.02%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.37
Mansfield0.39
10 Day High75.95
10 Day Low67.91
20 Day High76.54
20 Day Low66.84
52 Week High96.81
52 Week Low53.53
CS1 End75.42
CR1 Start75.97
Volume & EV
DER(3)-1.88%
DER(5)-2.03%
Volume450.12K
Volume Incr-37.08%
Vol(5)665.12K
Vol(50)995.20K