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 5 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.
In the last month MLI has a been trading in the 73.75 - 79.61 range, which is quite wide. It is currently trading near the lows of this range.
When comparing the yearly performance of all stocks, we notice that MLI is one of the better performing stocks in the market, outperforming 80% of all stocks. On top of that, MLI also shows a nice and consistent pattern of rising prices.
MLI is one of the better performing stocks in the Machinery industry, it outperforms 73% of 128 stocks in the same industry.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
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.
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
2 important support areas can be observed.
- 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.
- A support zone ranging from 68.45 to 69.32. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 74.30 to 78.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 79.38 to 79.39. This zone is formed by a combination of multiple trend lines 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 | 80.67 | POSITIVE | MLI has a high relative strength, it outperformed 80.67% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MLI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MLI is below 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) | 39.6 | NEUTRAL | The RSI value for MLI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.36 | NEGATIVE | The MACD value suggests MLI has a negative trend. |
| Stochastics (14,3) | 42.95 | NEUTRAL | The Stochastics value for MLI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.15 | MEDIUM VOLATILITY | The ATR as a percentage value for MLI suggests some volalility. |
| Average Directional Index/ADX (14) | 17.29 | 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)
74.27
-2.17 (-2.84%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg-2.84%
1 Week-4.07%
2 Weeks-4.62%
1 Month-6.05%
3 Month-6.57%
6 Month-9.95%
12 Month35.31%
2 Year70.19%
3 Year178.74%
5 Year458.84%
10 Year327.82%
15 Year1107.64%
Volatility
ATR(14)1.64
ATR(20)%2.15%
ATR Inc49.4%
Range Today2.01
ADR(20)1.51
ADR(20)%2.04%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.67
Mansfield-0.49
10 Day High79.25
10 Day Low73.75
20 Day High79.61
20 Day Low73.75
52 Week High96.81
52 Week Low54.01
CS1 End70.6
CR1 Start74.3
Volume & EV
DER(3)-0.81%
DER(5)0.81%
Volume1.58M
Volume Incr40.09%
Vol(5)1.01M
Vol(50)865.96K