MODINE MANUFACTURING CO (MOD) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:MOD - US6078281002 - Common Stock
Taking everything into account, MOD scores 8 out of 10 in our technical rating. 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.
Besides having an excellent technical rating, MOD also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 162.07. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 149.61, a Stop Loss order could be placed below this zone.
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4 important support areas can be observed.
- A support zone ranging from 146.98 to 149.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @138.71 from a trend line in the weekly time frame.
- Support @132.42 from a trend line in the daily time frame.
- A support zone ranging from 124.66 to 124.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 162.07 to 163.03. 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 | 82.53 | POSITIVE | MOD has a high relative strength, it outperformed 82.53% 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) | 57.53 | NEUTRAL | The RSI value for MOD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 2.45 | POSITIVE | The MACD value suggests MOD has a positive trend. |
| Stochastics (14,3) | 91.49 | OVERBOUGHT | The high Stochastics value suggests MOD may be overbought. |
| Average True Range in percent/ATR (20) | 6.72 | HIGH VOLATILITY | The high ATR as a percentage value for MOD suggests high volalility. |
| Average Directional Index/ADX (14) | 19.73 | NEGATIVE | The low ADX value for MOD suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 163.04 | 146.97 | 16.07 (9.86%) | 10.15% |
| An entry @163.04. This is a Buy Stop order right above the resistance zone. | An exit @146.97. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 16.07 points, which is 9.86%. | When investing 10.15% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
158.66
-3.47 (-2.14%)
MODINE MANUFACTURING CO / MOD FAQ
What is the technical rating for MOD stock?
ChartMill assigns a technical rating of 8 / 10 to MOD.
What is the trend direction for MOD stock?
The current trend direction for MODINE MANUFACTURING CO (MOD) is Bullish.
Can you provide the RSI signal for MODINE MANUFACTURING CO?
MODINE MANUFACTURING CO (MOD) has an RSI value of 57.5311. This indicates that the stock is currently neutral.
What is the buy/sell signal for MODINE MANUFACTURING CO (MOD) stock?
The buy/sell signal for MODINE MANUFACTURING CO (MOD) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for MODINE MANUFACTURING CO?
MODINE MANUFACTURING CO (MOD) has a support level at 149.61 and a resistance level at 162.07. Check the full technical report for our detailed analysis of MOD support and resistance levels.