MASTEC INC (MTZ) Stock Technical Analysis
NYSE:MTZ - New York Stock Exchange, Inc. - US5763231090 - Common Stock - Currency: USD
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!
Looking at the yearly performance, MTZ did better than 92% of all other stocks.
MTZ is one of the better performing stocks in the Construction & Engineering industry, it outperforms 82% of 51 stocks in the same industry.
MTZ is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so MTZ is leading the market.
In the last month MTZ has a been trading in the 145.46 - 166.56 range, which is quite wide. It is currently trading near the high of this range.
Besides having an excellent technical rating, MTZ also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 163.72. Right above this resistance zone may be a good entry point.
More info and screens
107.57
166.32
We found 3 important support areas.
- Support @150.76 from a horizontal line in the daily time frame.
- Support @114.63 from a trend line in the weekly time frame.
- A support zone ranging from 108.66 to 109.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 163.72 to 164.67. 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 MTZ is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MTZ is up. |
| ChartMill Relative Strength | 92.66 | POSITIVE | MTZ has a high relative strength, it outperformed 92.66% 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) | 63.75 | NEUTRAL | The RSI value for MTZ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.58 | NEGATIVE | The MACD value suggests MTZ has a negative trend. |
| Stochastics (14,3) | 80.11 | OVERBOUGHT | The high Stochastics value suggests MTZ may be overbought. |
| Average True Range in percent/ATR (20) | 2.73 | MEDIUM VOLATILITY | The ATR as a percentage value for MTZ suggests some volalility. |
| Average Directional Index/ADX (14) | 17.08 | NEGATIVE | The low ADX value for MTZ 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 |
|---|---|---|---|
| 164.68 | 153.81 | 10.87 (6.60%) | 15.15% |
| An entry @164.68. This is a Buy Stop order right above the resistance zone. | An exit @153.81. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 10.87 points, which is 6.60%. | When investing 15.15% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
163.71
-0.95 (-0.58%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryConstruction & Engineering
Performance
% Chg-0.58%
1 Week0.25%
2 Weeks2.63%
1 Month5.39%
3 Month31.99%
6 Month19.88%
12 Month46.65%
2 Year38.77%
3 Year128.45%
5 Year264.85%
10 Year723.91%
15 Year1641.6%
Volatility
ATR(14)4.45
ATR(20)%2.73%
ATR Inc-7.28%
Range Today4.27
ADR(20)4.25
ADR(20)%2.59%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.66
Mansfield2.2
10 Day High166.56
10 Day Low153.82
20 Day High166.56
20 Day Low145.46
52 Week High166.95
52 Week Low89.96
CS1 End150.76
CR1 Start163.72
Volume & EV
DER(3)1.99%
DER(5)1.34%
Volume1.59M
Volume Incr8.18%
Vol(5)833.72K
Vol(50)860.15K