Technical Analysis of MODINE MANUFACTURING CO(NYSE:MOD) stock

Technical Rating

Taking everything into account, MOD scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, MOD 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!

When comparing the yearly performance of all stocks, we notice that MOD is one of the better performing stocks in the market, outperforming 97% of all stocks.

MOD is part of the Auto Components industry. There are 46 other stocks in this industry. MOD outperforms 95% of them.

MOD is currently trading near its 52 week high. This is a good sign, certainly because the S&P500 Index is not trading near new highs.

In the last month MOD has a been trading in the 19.50 - 24.43 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Volume is considerably higher in the last couple of days.

Statistics

1 Month

3 Months

6 Months

12 Months

10.36%

9.47%

55.26%

123.62%

SMA(20)

SMA(50)

SMA(100)

SMA(200)

52 Wk Range

ST Trend

LT Trend

97.65

7.67 - 24.43

Support/Resistance Analysis

16.89

23.24

We found 4 important support areas.

A support zone ranging from 22.26 to 22.83. 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 21.23 to 21.28. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Support @19.64 from a horizontal line in the weekly time frame.
A support zone ranging from 17.06 to 17.19. This zone is formed by a combination of multiple trend lines in multiple time frames.

Setup Analysis

Setup Rating

Although MOD has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

Possible Trading Setup

The following trade can be suggested based on the decent technical rating and setup score.

ENTRY	EXIT	DISTANCE	CAPITAL
24.44	22.25	2.19 (8.96%)	11.16%
An entry @24.44. This is a Buy Stop order right above the 10 day high.	An exit @22.25. This is a Stop Loss order right below the support zone.	The trade has a worst case loss of 2.19 points, which is 8.96%.	For a 1.00% total portfolio risk, you can invest 11.16% 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.

MODINE MANUFACTURING CO23.01

NYSE:MOD (2/3/2023, 7:04:00 PM)+0.35 (+1.54%)

After market: 23.01 0 (0%)

Chartmill TA Rating

Chartmill Setup Rating

Sector

GICS Sector	Consumer Discretionary
GICS Industry	Auto Components

Performance

Today	1.54%	1 Week	2.04%
2 Weeks	5.65%	1 Month	10.36%
3 Month	9.47%	6 Month	55.26%

Volatility

ATR(14)	1.12	ATR(20)%	4.66%
ATR Inc	200.97%	Range Today	0.82

Trend & SMA

ST Trend		LT Trend
SMA(5)		SMA(10)
SMA(20)		SMA(50)
SMA(100)		SMA(200)

Relative Strength & Ranges

CRS	97.65	Mansfield	5.62
10 Day High	24.43	10 Day Low	19.5
20 Day High	24.43	20 Day Low	19.5
52 Week High	24.43	52 Week Low	7.67
CS1 End	22.83	CR1 Start	N/A

Volume & EV

DER(3)	4.29%	DER(5)	4.62%
Volume	787.80K	Volume Incr	150.45%
Vol(5)	963.08K	Vol(50)	429.53K

MODINE MANUFACTURING CO (MOD) 23.01 +0.35 (+1.54%)

23.01 +0.35 (+1.54%)

Technical Rating

Statistics

Support/Resistance Analysis

Setup Analysis

Setup Rating

Possible Trading Setup

MODINE MANUFACTURING CO23.01

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