MUELLER INDUSTRIES INC (MLI) Stock Technical Analysis
NYSE:MLI - US6247561029 - Common Stock
98.87 USD
+1.3 (+1.33%)
98.87 USD
0 (0%)
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.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, MLI did better than 87% of all other stocks.
MLI is one of the better performing stocks in the Machinery industry, it outperforms 84% of 128 stocks in the same industry.
MLI is currently making a new 52 week high. This is a strong signal. 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 89.95 - 99.13 range, which is quite wide. It is currently trading near the high of this range.
Besides having an excellent technical rating, MLI also presents a decent setup pattern. Prices have been consolidating lately. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
73.47
99.87
We found 5 important support areas.
- Support @93.03 from a trend line in the daily time frame.
- A support zone ranging from 89.75 to 90.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @82.67 from a horizontal line in the daily time frame.
- A support zone ranging from 78.06 to 78.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @74.21 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 98.88 to 98.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 87.37 | POSITIVE | MLI has a high relative strength, it outperformed 87.37% 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) | 68.46 | NEUTRAL | The RSI value for MLI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests MLI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 83.32 | OVERBOUGHT | The high Stochastics value suggests MLI may be overbought. |
| Average True Range in percent/ATR (20) | 1.86 | LOW VOLATILITY | The low ATR as a percentage value for MLI suggests low volalility. |
| Average Directional Index/ADX (14) | 28.38 | POSITIVE | The high ADX value value for MLI suggests a strong 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 98.89 | 94.21 | 4.68 (4.73%) | 21.13% |
| An entry @98.89. This is a Buy Stop order right above the resistance zone. | An exit @94.21. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 4.68 points, which is 4.73%. | For a 1.00% total portfolio risk, you can invest 21.13% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
98.87
+1.3 (+1.33%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg1.33%
1 Week1.54%
2 Weeks2.41%
1 Month5.48%
3 Month33.12%
6 Month24.38%
12 Month40.72%
2 Year163.09%
3 Year232.67%
5 Year630.75%
10 Year568.49%
15 Year1392.94%
Volatility
ATR(14)1.93
ATR(20)%1.86%
ATR Inc17.18%
Range Today1.99
ADR(20)1.76
ADR(20)%1.78%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.37
Mansfield1.05
10 Day High99.13
10 Day Low94.22
20 Day High99.13
20 Day Low89.95
52 Week High99.13
52 Week Low66.84
CS1 End93.03
CR1 Start98.88
Volume & EV
DER(3)0.26%
DER(5)-0.79%
Volume907.10K
Volume Incr12.9%
Vol(5)796.82K
Vol(50)854.30K