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. 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.
Although MLI has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
82.93
3 important support areas can be observed.
- A support zone ranging from 114.19 to 118.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 106.59 to 108.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @83.77 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 | 90.94 | POSITIVE | MLI has a high relative strength, it outperformed 90.94% 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) | 72.74 | OVERBOUGHT | The high RSI value suggests MLI may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.34 | POSITIVE | The MACD value suggests MLI has a positive trend. |
| Stochastics (14,3) | 93.21 | OVERBOUGHT | The high Stochastics value suggests MLI may be overbought. |
| Average True Range in percent/ATR (20) | 1.81 | LOW VOLATILITY | The low ATR as a percentage value for MLI suggests low volalility. |
| Average Directional Index/ADX (14) | 30.6 | POSITIVE | The high ADX value value for MLI suggests a strong trend. |
123.6
+2.27 (+1.87%)
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 72.7398. 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 0.344952, 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.