MUELLER INDUSTRIES INC (MLI) Stock Technical Analysis
USA - NYSE:MLI - US6247561029 - Common Stock
Overall MLI gets a technical rating of 10 out of 10. 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.
MLI has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 105.39, a Stop Loss order could be placed below this zone.
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5 important support areas can be observed.
- A support zone ranging from 104.27 to 105.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 96.96 to 96.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @95.32 from a horizontal line in the daily time frame.
- Support @80.95 from a trend line in the weekly time frame.
- Support @78.39 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 107.16 to 109.12. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 83.34 | POSITIVE | MLI has a high relative strength, it outperformed 83.34% 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) | 60.15 | NEUTRAL | The RSI value for MLI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests MLI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 78.78 | NEUTRAL | The Stochastics value for MLI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.4 | MEDIUM VOLATILITY | The ATR as a percentage value for MLI suggests some volalility. |
| Average Directional Index/ADX (14) | 41.54 | POSITIVE | The high ADX value value for MLI suggests a strong trend. |
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 |
|---|---|---|---|
| 109.13 | 104.54 | 4.59 (4.21%) | 23.78% |
| An entry @109.13. This is a Buy Stop order right above the resistance zone. | An exit @104.54. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 4.59 points, which is 4.21%. | When investing 23.78% 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.
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-0.23 (-0.21%)
MUELLER INDUSTRIES INC / MLI FAQ
Can you provide the ChartMill technical rating for MUELLER INDUSTRIES INC?
ChartMill assigns a technical rating of 10 / 10 to MLI.
What is the trend direction for MLI stock?
The current trend direction for MUELLER INDUSTRIES INC (MLI) is Bullish.
What is the RSI signal for MUELLER INDUSTRIES INC (MLI) stock?
MUELLER INDUSTRIES INC (MLI) has an RSI value of 60.1453. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for MUELLER INDUSTRIES INC?
The buy/sell signal for MUELLER INDUSTRIES INC (MLI) is buy as both the short term and long term trends are positive.
What is the support and resistance level for MLI stock?
MUELLER INDUSTRIES INC (MLI) has a support level at 105.39 and a resistance level at 107.16. Check the full technical report for our detailed analysis of MLI support and resistance levels.