MODINE MANUFACTURING CO (MOD) Stock Technical Analysis
NYSE:MOD - New York Stock Exchange, Inc. - US6078281002 - Common Stock - Currency: USD
Overall MOD gets a technical rating of 6 out of 10. MOD has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month MOD has a been trading in the 87.77 - 98.69 range, which is quite wide. It is currently trading near the high of this range.
When comparing the performance of all stocks over the past year, MOD turns out to be only a medium performer in the overall market: it outperformed 64% of all stocks.
MOD is an average performer in the Automobile Components industry, it outperforms 63% of 81 stocks in the same industry.
MOD 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 MOD is lagging the market slightly.
MOD has only a medium technical rating, but it does show 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 a support zone below the current price at 96.22, a Stop Loss order could be placed below this zone.
More info and screens
73.88
106.63
When analyzing the support we can see 3 important areas.
- A support zone ranging from 96.07 to 96.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 88.79 to 89.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @74.63 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 104.53 to 105.57. 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 | NEUTRAL | NEUTRAL | The long term trend for MOD is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MOD is up. |
| ChartMill Relative Strength | 64.99 | NEUTRAL | MOD is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MOD is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MOD is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MOD is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.11 | NEUTRAL | The RSI value for MOD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests MOD has a positive trend. |
| Stochastics (14,3) | 76.84 | NEUTRAL | The Stochastics value for MOD is a neutral value. |
| Average True Range in percent/ATR (20) | 3.52 | MEDIUM VOLATILITY | The ATR as a percentage value for MOD suggests some volalility. |
| Average Directional Index/ADX (14) | 11.01 | NEGATIVE | The low ADX value for MOD 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)
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 |
|---|---|---|---|
| 98.70 | 96.06 | 2.64 (2.67%) | 25.00% |
| An entry @98.70. This is a Buy Stop order right above the 10 day high. | An exit @96.06. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.64 points, which is 2.67%. | For a 0.67% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of MOD. 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.
96.72
+0.62 (+0.65%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobile Components
Performance
% Chg0.65%
1 Week-0.36%
2 Weeks4.82%
1 Month3.71%
3 Month9.2%
6 Month-18.65%
12 Month2.86%
2 Year192.91%
3 Year818.52%
5 Year1652.17%
10 Year801.4%
15 Year1159.38%
Volatility
ATR(14)3.36
ATR(20)%3.52%
ATR Inc-14.98%
Range Today2.7
ADR(20)3.2
ADR(20)%3.31%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS64.99
Mansfield-1.29
10 Day High98.69
10 Day Low89.53
20 Day High98.69
20 Day Low87.77
52 Week High146.84
52 Week Low64.79
CS1 End96.22
CR1 Start104.53
Volume & EV
DER(3)-0.08%
DER(5)-0.11%
Volume931.70K
Volume Incr-13.97%
Vol(5)794.86K
Vol(50)950.28K