MODINE MANUFACTURING CO (MOD) Stock Technical Analysis
USA - NYSE:MOD - US6078281002 - Common Stock
153.92 USD
+6.31 (+4.27%)
154 USD
+0.08 (+0.05%)
We assign a technical rating of 9 out of 10 to MOD. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MOD is showing a nice and steady performance.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
The long and short term trends are both positive. This is looking good!
MOD is one of the better performing stocks in the Automobile Components industry, it outperforms 86% of 81 stocks in the same industry.
MOD 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.
In the last month MOD has a been trading in the 134.04 - 159.53 range, which is quite wide. It is currently trading near the high of this range.
When comparing the yearly performance of all stocks, we notice that MOD is one of the better performing stocks in the market, outperforming 89% of all stocks. However, this relatively good performance is mostly due to a recent big move.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Besides having an excellent technical rating, MOD also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
More info and screens
109.63
155.46
We found 3 important support areas.
- A support zone ranging from 142.22 to 144.26. 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 133.77 to 135.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 110.74 to 112.18. 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 MOD is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MOD is up. |
| ChartMill Relative Strength | 89.35 | POSITIVE | MOD has a high relative strength, it outperformed 89.35% off all stocks 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) | UP | POSITIVE | The current price of MOD is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.07 | NEUTRAL | The RSI value for MOD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.23 | NEGATIVE | The MACD value suggests MOD has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 61.75 | NEUTRAL | The Stochastics value for MOD is a neutral value. |
| Average True Range in percent/ATR (20) | 4.45 | MEDIUM VOLATILITY | The ATR as a percentage value for MOD suggests some volalility. |
| Average Directional Index/ADX (14) | 21.39 | NEUTRAL | The ADX value for MOD suggests a possible start of a new 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 |
|---|---|---|---|
| 154.96 | 142.21 | 12.75 (8.23%) | 12.15% |
| An entry @154.96. This is a Buy Stop order right above the 10 day high. | An exit @142.21. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 12.75 points, which is 8.23%. | For a 1.00% total portfolio risk, you can invest 12.15% 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.
153.92
+6.31 (+4.27%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobile Components
Performance
% Chg4.27%
1 Week9.02%
2 Weeks1.78%
1 Month11.01%
3 Month67.47%
6 Month100.81%
12 Month14.69%
2 Year289.67%
3 Year758.93%
5 Year2305%
10 Year1738.95%
15 Year1038.46%
Volatility
ATR(14)6.77
ATR(20)%4.45%
ATR Inc-11.12%
Range Today5.34
ADR(20)6.19
ADR(20)%4.02%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.35
Mansfield2.34
10 Day High154.95
10 Day Low134.04
20 Day High159.54
20 Day Low134.04
52 Week High159.54
52 Week Low64.79
CS1 End144.26
CR1 StartN/A
Volume & EV
DER(3)-2.57%
DER(5)-2.07%
Volume753.60K
Volume Incr-27.78%
Vol(5)620.86K
Vol(50)979.09K