MUELLER INDUSTRIES INC (MLI) Stock Technical Analysis
NYSE:MLI - New York Stock Exchange, Inc. - US6247561029 - Common Stock - Currency: USD
Overall MLI gets a technical rating of 10 out of 10. MLI has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
Looking at the yearly performance, MLI did better than 83% of all other stocks. We also observe that the gains produced by MLI over the past year are nicely spread over this period.
In the last month MLI has a been trading in the 72.16 - 83.75 range, which is quite wide. It is currently trading near the high of this range.
MLI has an average volume of 1228500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
MLI is part of the Machinery industry. There are 128 other stocks in this industry, MLI did better than 69% of them.
MLI is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MLI is lagging the market.
Volume is considerably higher in the last couple of days.
Although MLI has an excellent technical rating, it does not present a decent entry opportunity 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
69.83
84.92
3 important support areas can be observed.
- A support zone ranging from 76.73 to 79.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 72.61 to 73.75. This zone is formed by a combination of multiple trend lines 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.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 83.15 to 84.08. This zone is formed by a combination of multiple trend lines in the daily time frame.
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 | UP | POSITIVE | The short term trend for MLI is up. |
| ChartMill Relative Strength | 83.27 | POSITIVE | MLI has a high relative strength, it outperformed 83.27% 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) | 67.35 | NEUTRAL | The RSI value for MLI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.79 | POSITIVE | The MACD value suggests MLI has a positive trend. |
| Stochastics (14,3) | 95.09 | OVERBOUGHT | The high Stochastics value suggests MLI may be overbought. |
| Average True Range in percent/ATR (20) | 2.23 | MEDIUM VOLATILITY | The ATR as a percentage value for MLI suggests some volalility. |
| Average Directional Index/ADX (14) | 23.39 | NEUTRAL | The ADX value for MLI suggests a possible start of a new 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)
82.64
-0.51 (-0.61%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg-0.61%
1 Week4.24%
2 Weeks13.56%
1 Month6.1%
3 Month17.05%
6 Month2.35%
12 Month45.88%
2 Year103.9%
3 Year145.48%
5 Year491.13%
10 Year410.6%
15 Year1237.22%
Volatility
ATR(14)2.02
ATR(20)%2.23%
ATR Inc-17.06%
Range Today1.64
ADR(20)1.8
ADR(20)%2.18%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.27
Mansfield-0.01
10 Day High83.75
10 Day Low72.74
20 Day High83.75
20 Day Low72.16
52 Week High96.81
52 Week Low55.72
CS1 End79.39
CR1 Start79.61
Volume & EV
DER(3)3.68%
DER(5)1.66%
Volume533.50K
Volume Incr269.53%
Vol(5)4.20M
Vol(50)1.23M