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 6 out of 10. 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.
Looking at the yearly performance, MLI did better than 84% of all other stocks. On top of that, MLI also shows a nice and consistent pattern of rising prices.
MLI is part of the Machinery industry. There are 128 other stocks in this industry. MLI outperforms 81% of them.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
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.
In the last month MLI has a been trading in the 71.54 - 80.55 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
MLI has an average technical rating and it also does not offer a high quality setup 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
67.77
81.87
3 important support areas can be observed.
- Support @73.86 from a trend line in the weekly time frame.
- A support zone ranging from 70.54 to 71.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @68.45 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 78.08 to 79.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Strong resistance @81.06 from a horizontal line 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 | NEUTRAL | NEUTRAL | The short term trend for MLI is neutral. |
| ChartMill Relative Strength | 84.68 | POSITIVE | MLI has a high relative strength, it outperformed 84.68% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of MLI is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of MLI is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of MLI is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.98 | NEUTRAL | The RSI value for MLI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests MLI has a negative trend. |
| Stochastics (14,3) | 43.07 | NEUTRAL | The Stochastics value for MLI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.27 | MEDIUM VOLATILITY | The ATR as a percentage value for MLI suggests some volalility. |
| Average Directional Index/ADX (14) | 16.22 | NEGATIVE | The low ADX value for MLI suggests a weak or negative 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)
75.86
-0.24 (-0.32%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg-0.32%
1 Week-4.43%
2 Weeks1.16%
1 Month3.9%
3 Month-3.23%
6 Month-13.7%
12 Month28.36%
2 Year104.31%
3 Year181.75%
5 Year466.54%
10 Year335.23%
15 Year1044.62%
Volatility
ATR(14)1.69
ATR(20)%2.27%
ATR Inc2.16%
Range Today1.76
ADR(20)1.54
ADR(20)%2.03%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.68
Mansfield0.11
10 Day High80.55
10 Day Low74.66
20 Day High80.55
20 Day Low71.54
52 Week High96.81
52 Week Low53.53
CS1 End73.86
CR1 Start78.08
Volume & EV
DER(3)-1.97%
DER(5)-1.64%
Volume628.64K
Volume Incr-9.97%
Vol(5)677.21K
Vol(50)884.82K