MUELLER INDUSTRIES INC (MLI) Technical Analysis
NYSE:MLI • US6247561029
Current stock price
MLI Technical Rating and Analysis
We assign a technical rating of 3 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.
- In the last month MLI has a been trading in the 107.27 - 120.92 range, which is quite wide. It is currently trading near the lows of this range.
- When comparing the yearly performance of all stocks, we notice that MLI is one of the better performing stocks in the market, outperforming 81% of all stocks.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- MLI is part of the Machinery industry. There are 131 other stocks in this industry, MLI did better than 70% of them.
- MLI is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MLI is lagging the market slightly.
MLI Weekly and Daily overview Charts
MLI Setup Rating and Analysis
MLI 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
MLI Support and Resistance Analysis
77.67
When analyzing the support we can see 3 important areas.
- A support zone ranging from 107.75 to 107.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @87.19 from a trend line in the weekly time frame.
- Support @78.45 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 120.08 to 121.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
MLI 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 | NEUTRAL | NEUTRAL | The long term trend for MLI is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MLI is down. |
| ChartMill Relative Strength | 81.51 | POSITIVE | MLI has a high relative strength, it outperformed 81.51% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MLI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MLI is below a declining 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) | 29.49 | OVERSOLD | The low RSI value suggests MLI may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.47 | NEGATIVE | The MACD value suggests MLI has a negative trend. |
| Stochastics (14,3) | 9.98 | OVERSOLD | The low Stochastics value suggests MLI may be oversold. |
| Average True Range in percent/ATR (20) | 2.84 | MEDIUM VOLATILITY | The ATR as a percentage value for MLI suggests some volalility. |
| Average Directional Index/ADX (14) | 36.29 | POSITIVE | The high ADX value value for MLI suggests a strong trend. |
MLI Chart- and CandleStick Pattern Analysis
MLI Technicals: Chart, Performance Metrics, Trend & Indicators
107.76
-2.18 (-1.98%)
MUELLER INDUSTRIES INC / MLI TA FAQ
Can you provide the ChartMill technical rating for MUELLER INDUSTRIES INC?
ChartMill assigns a technical rating of 3 / 10 to MLI.
Can you provide the trend direction for MUELLER INDUSTRIES INC?
The current trend direction for MUELLER INDUSTRIES INC (MLI) is Bearish.
What is the RSI signal for MUELLER INDUSTRIES INC (MLI) stock?
MUELLER INDUSTRIES INC (MLI) has an RSI value of 29.4927. This indicates that the stock is currently oversold.
What is the MACD signal for MLI stock?
The MACD indicator for MUELLER INDUSTRIES INC (MLI) has a value of -0.472861, indicating a bearish trend.