MUELLER INDUSTRIES INC (MLI) Technical Analysis
NYSE:MLI • US6247561029
Current stock price
MLI Technical Rating and Analysis
Overall MLI gets a technical rating of 10 out of 10. 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.
- When comparing the yearly performance of all stocks, we notice that MLI is one of the better performing stocks in the market, outperforming 86% of all 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 131 other stocks in this industry. MLI outperforms 81% of them.
- 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.
- MLI is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
MLI Weekly and Daily overview Charts
MLI Setup Rating and Analysis
MLI has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price.
More info and screens
MLI Support and Resistance Analysis
88.41
5 important support areas can be observed.
- A support zone ranging from 132.86 to 133.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 126.49 to 127.75. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 112.21 to 113.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @109.96 from a horizontal line in the daily time frame.
- Support @89.30 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @136.15 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 139.18 to 139.19. This zone is formed by a combination of multiple trend lines in the daily time frame.
MLI Technical Indicator Signal Analysis
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 | 86.31 | POSITIVE | MLI has a high relative strength, it outperformed 86.31% 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) | 63.17 | NEUTRAL | The RSI value for MLI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.62 | POSITIVE | The MACD value suggests MLI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 72.5 | NEUTRAL | The Stochastics value for MLI is a neutral value. |
| Average True Range in percent/ATR (20) | 3.05 | MEDIUM VOLATILITY | The ATR as a percentage value for MLI suggests some volalility. |
| Average Directional Index/ADX (14) | 38.66 | POSITIVE | The high ADX value value for MLI suggests a strong trend. |
MLI Chart- and CandleStick Pattern Analysis
MLI Example Setup
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 |
|---|---|---|---|
| 136.16 | 132.85 | 3.31 (2.43%) | 25.00% |
| An entry @136.16. This is a Buy Stop order right above the resistance zone. | An exit @132.85. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 3.31 points, which is 2.43%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.61%. |
- The distance between exit and entry is rather small compared to the average daily movement of MLI. Please evaluate whether better entry and exit points can be found.
- 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.
MLI Technicals: Chart, Performance Metrics, Trend & Indicators
133.03
-2.4 (-1.77%)
MUELLER INDUSTRIES INC / MLI TA 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.
Can you provide the RSI signal for MUELLER INDUSTRIES INC?
MUELLER INDUSTRIES INC (MLI) has an RSI value of 63.1714. This indicates that the stock is currently neutral.
Can you provide the MACD signal for MUELLER INDUSTRIES INC?
The MACD indicator for MUELLER INDUSTRIES INC (MLI) has a value of 0.620545, indicating a bearish trend.
Can you provide the support and resistance levels for MUELLER INDUSTRIES INC?
MUELLER INDUSTRIES INC (MLI) has a support level at 133.02 and a resistance level at 136.15. Check the full technical report for our detailed analysis of MLI support and resistance levels.