MUELLER INDUSTRIES INC (MLI) Stock Technical Analysis
NYSE:MLI - New York Stock Exchange, Inc. - US6247561029 - Common Stock - Currency: USD
Taking everything into account, MLI scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MLI is showing a nice and steady performance.
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 85% of all stocks.
MLI is part of the Machinery industry. There are 127 other stocks in this industry. MLI outperforms 79% of them.
MLI is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so MLI is lagging the market slightly.
MLI is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
MLI has an average volume of 1356360 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Besides having an excellent technical rating, MLI also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price.
More info and screens
73.00
96.29
When analyzing the support we can see 4 important areas.
- A support zone ranging from 87.84 to 89.14. 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 82.67 to 84.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 77.19 to 78.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @73.74 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @91.70 from a horizontal line in the daily time frame.
- A resistance zone ranging from 94.40 to 95.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 85.81 | POSITIVE | MLI has a high relative strength, it outperformed 85.81% 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) | 62.17 | NEUTRAL | The RSI value for MLI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests MLI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.74 | OVERBOUGHT | The high Stochastics value suggests MLI may be overbought. |
| Average True Range in percent/ATR (20) | 1.97 | LOW VOLATILITY | The low ATR as a percentage value for MLI suggests low volalility. |
| Average Directional Index/ADX (14) | 27.04 | POSITIVE | The high ADX value value for MLI suggests a strong trend. |
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)
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 |
|---|---|---|---|
| 91.71 | 87.26 | 4.45 (4.85%) | 20.61% |
| An entry @91.71. This is a Buy Stop order right above the resistance zone. | An exit @87.26. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 4.45 points, which is 4.85%. | When investing 20.61% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
91.66
-0.92 (-0.99%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg-0.99%
1 Week-2.21%
2 Weeks4.96%
1 Month5.22%
3 Month20.83%
6 Month16.93%
12 Month29.52%
2 Year137.58%
3 Year190.2%
5 Year517.24%
10 Year476.3%
15 Year1454.88%
Volatility
ATR(14)1.8
ATR(20)%1.97%
ATR Inc-31.88%
Range Today1.27
ADR(20)1.68
ADR(20)%1.83%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.81
Mansfield0.67
10 Day High93.86
10 Day Low87.27
20 Day High93.86
20 Day Low82.35
52 Week High96.81
52 Week Low65.24
CS1 End89.14
CR1 Start91.7
Volume & EV
DER(3)-3.6%
DER(5)-2.38%
Volume567.87K
Volume Incr-30.91%
Vol(5)688.40K
Vol(50)1.36M