MUELLER INDUSTRIES INC (MLI) Stock Technical Analysis
USA - NYSE:MLI - US6247561029 - Common Stock
100.55 USD
+0.6 (+0.6%)
100.55 USD
0 (0%)
Overall MLI gets a technical rating of 10 out of 10. 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.
Both the short term and long term trends are positive. This is a very positive sign.
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 129 other stocks in this industry. MLI outperforms 85% of them.
MLI is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month MLI has a been trading in the 94.89 - 102.75 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
MLI has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 100.54, a Stop Loss order could be placed below this zone.
More info and screens
73.93
102.72
6 important support areas can be observed.
- A support zone ranging from 98.22 to 100.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @90.66 from a horizontal line in the daily time frame.
- Support @82.67 from a horizontal line in the daily time frame.
- Support @80.31 from a trend line in the daily time frame.
- A support zone ranging from 78.21 to 78.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @74.68 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 101.40 to 101.70. 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 | 85.93 | POSITIVE | MLI has a high relative strength, it outperformed 85.93% 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) | 60.07 | NEUTRAL | The RSI value for MLI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.29 | NEGATIVE | The MACD value suggests MLI has a negative trend. |
| Stochastics (14,3) | 58.09 | NEUTRAL | The Stochastics value for MLI is a neutral value. |
| Average True Range in percent/ATR (20) | 1.94 | LOW VOLATILITY | The low ATR as a percentage value for MLI suggests low volalility. |
| Average Directional Index/ADX (14) | 25.11 | 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 |
|---|---|---|---|
| 101.71 | 98.23 | 3.48 (3.42%) | 25.00% |
| An entry @101.71. This is a Buy Stop order right above the resistance zone. | An exit @98.23. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 3.48 points, which is 3.42%. | For a 0.85% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
100.55
+0.6 (+0.6%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg0.6%
1 Week0.61%
2 Weeks0.3%
1 Month3.27%
3 Month21.67%
6 Month42.42%
12 Month38.42%
2 Year166.64%
3 Year221.04%
5 Year595.13%
10 Year538.01%
15 Year1268.03%
Volatility
ATR(14)1.88
ATR(20)%1.94%
ATR Inc-10.84%
Range Today1.62
ADR(20)1.9
ADR(20)%1.89%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.93
Mansfield0.93
10 Day High102.75
10 Day Low98.24
20 Day High102.75
20 Day Low94.89
52 Week High102.75
52 Week Low66.84
CS1 End100.54
CR1 Start101.4
Volume & EV
DER(3)-2.17%
DER(5)-1.14%
Volume541.50K
Volume Incr-40.15%
Vol(5)541.78K
Vol(50)847.63K