MUELLER INDUSTRIES INC (MLI) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:MLI - US6247561029 - Common Stock
Taking everything into account, MLI scores 10 out of 10 in our technical rating. 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.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, MLI did better than 92% of all other stocks. We also observe that the gains produced by MLI over the past year are nicely spread over this period.
- MLI is one of the better performing stocks in the Machinery industry, it outperforms 93% of 132 stocks in the same industry.
- 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 114.75 - 135.08 range, which is quite wide. It is currently trading near the high of this range.
Although MLI has an excellent technical rating, the quality of the presented setup is not ideal 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
83.64
When analyzing the support we can see 3 important areas.
- A support zone ranging from 114.80 to 120.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @112.60 from a horizontal line in the daily time frame.
- Support @84.48 from a trend line in the weekly 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 | 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 | 92.11 | POSITIVE | MLI has a high relative strength, it outperformed 92.11% 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) | 75.28 | OVERBOUGHT | The high RSI value suggests MLI may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.78 | POSITIVE | The MACD value suggests MLI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 90.51 | OVERBOUGHT | The high Stochastics value suggests MLI may be overbought. |
| Average True Range in percent/ATR (20) | 1.89 | LOW VOLATILITY | The low ATR as a percentage value for MLI suggests low volalility. |
| Average Directional Index/ADX (14) | 48.26 | POSITIVE | The high ADX value value for MLI suggests a strong trend. |
132.73
-0.39 (-0.29%)
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.
Can you provide the trend direction for MUELLER INDUSTRIES INC?
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 75.275. This indicates that the stock is currently overbought.
What is the MACD signal for MLI stock?
The MACD indicator for MUELLER INDUSTRIES INC (MLI) has a value of 0.777085, indicating a bearish trend.
What is the buy/sell signal for MUELLER INDUSTRIES INC (MLI) stock?
The buy/sell signal for MUELLER INDUSTRIES INC (MLI) is buy as both the short term and long term trends are positive.