MUELLER INDUSTRIES INC (MLI) Technical Analysis
NYSE:MLI • US6247561029
Taking everything into account, MLI scores 3 out of 10 in our technical rating. 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.
- When comparing the yearly performance of all stocks, we notice that MLI is one of the better performing stocks in the market, outperforming 82% of all stocks.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- MLI is an average performer in the Machinery industry, it outperforms 68% of 131 stocks in the same industry.
- MLI is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MLI is lagging the market.
- In the last month MLI has a been trading in the 110.72 - 122.80 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, MLI does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 114.20, a Stop Loss order could be placed below this zone.
More info and screens
77.51
When analyzing the support we can see 3 important areas.
- A support zone ranging from 112.60 to 114.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @86.84 from a trend line in the weekly time frame.
- Support @78.29 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 117.33 to 120.57. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The long term trend for MLI is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MLI is down. |
| ChartMill Relative Strength | 82.66 | POSITIVE | MLI has a high relative strength, it outperformed 82.66% 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 | POSITIVE | The current price of MLI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 38.26 | NEUTRAL | The RSI value for MLI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.38 | NEGATIVE | The MACD value suggests MLI has a negative trend. |
| Stochastics (14,3) | 28.3 | NEUTRAL | The Stochastics value for MLI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.99 | MEDIUM VOLATILITY | The ATR as a percentage value for MLI suggests some volalility. |
| Average Directional Index/ADX (14) | 27.85 | POSITIVE | The high ADX value value for MLI suggests a strong trend. |
MLI Technicals: Chart, Performance Metrics, Trend & Indicators
114.21
-0.26 (-0.23%)
MUELLER INDUSTRIES INC / MLI FAQ
Can you provide the ChartMill technical rating for MUELLER INDUSTRIES INC?
ChartMill assigns a technical rating of 3 / 10 to MLI.
Can you provide the trend direction for MUELLER INDUSTRIES INC?
The current trend direction for MUELLER INDUSTRIES INC (MLI) is Bearish.
What is the RSI signal for MUELLER INDUSTRIES INC (MLI) stock?
MUELLER INDUSTRIES INC (MLI) has an RSI value of 38.2602. This indicates that the stock is currently neutral.
What is the MACD signal for MLI stock?
The MACD indicator for MUELLER INDUSTRIES INC (MLI) has a value of -0.380252, indicating a bearish trend.