MTZ Technical Analysis - MASTEC INC

Technical Rating and Analysis

We assign a technical rating of 10 out of 10 to MTZ. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MTZ is showing a nice and steady performance.

The long and short term trends are both positive. This is looking good!

When comparing the yearly performance of all stocks, we notice that MTZ is one of the better performing stocks in the market, outperforming 90% of all stocks.

MTZ is part of the Construction & Engineering industry. There are 52 other stocks in this industry. MTZ outperforms 80% of them.

A new 52 week high is currently being made by MTZ, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.

In the last month MTZ has a been trading in the 171.05 - 207.57 range, which is quite wide. It is currently trading near the high of this range.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although MTZ has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

112.28

209.14

When analyzing the support we can see 6 important areas.

A support zone ranging from 180.92 to 182.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @176.96 from a horizontal line in the weekly time frame.
Support @174.05 from a horizontal line in the daily time frame.
Support @168.23 from a horizontal line in the daily time frame.
Support @125.53 from a trend line in the weekly time frame.
Support @113.41 from a trend line in the weekly time frame.

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What is Support and Resistance

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Technical Indicator Signal Analysis

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 MTZ is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for MTZ is up.
ChartMill Relative Strength	90.08	POSITIVE	MTZ has a high relative strength, it outperformed 90.08% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of MTZ is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of MTZ is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of MTZ is above the rising SMA(200).
Relative Strength Index/RSI (14)	74.12	OVERBOUGHT	The high RSI value suggests MTZ may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	2.25	POSITIVE	The MACD value suggests MTZ has a positive trend.
Stochastics (14,3)	96.06	OVERBOUGHT	The high Stochastics value suggests MTZ may be overbought.
Average True Range in percent/ATR (20)	2.89	MEDIUM VOLATILITY	The ATR as a percentage value for MTZ suggests some volalility.
Average Directional Index/ADX (14)	20.53	NEUTRAL	The ADX value for MTZ suggests a possible start of a new trend.