MASTEC INC (MTZ) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:MTZ - US5763231090 - Common Stock
Overall MTZ gets a technical rating of 9 out of 10. 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.
Although MTZ 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.
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114.90
We found 5 important support areas.
- A support zone ranging from 195.53 to 199.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 190.07 to 192.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @181.07 from a trend line in the daily time frame.
- Support @129.23 from a trend line in the weekly time frame.
- Support @116.06 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 215.82 to 221.37. 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 | 90.03 | POSITIVE | MTZ has a high relative strength, it outperformed 90.03% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of MTZ is above a declining 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) | 61.87 | NEUTRAL | The RSI value for MTZ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 2.02 | POSITIVE | The MACD value suggests MTZ has a positive trend. |
| Stochastics (14,3) | 91.59 | OVERBOUGHT | The high Stochastics value suggests MTZ may be overbought. |
| Average True Range in percent/ATR (20) | 4.5 | MEDIUM VOLATILITY | The ATR as a percentage value for MTZ suggests some volalility. |
| Average Directional Index/ADX (14) | 22.66 | NEUTRAL | The ADX value for MTZ suggests a possible start of a new 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 |
|---|---|---|---|
| 221.38 | 195.52 | 25.86 (11.68%) | 8.56% |
| An entry @221.38. This is a Buy Stop order right above the resistance zone. | An exit @195.52. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 25.86 points, which is 11.68%. | For a 1.00% total portfolio risk, you can invest 8.56% 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.
213.88
+3.41 (+1.62%)
MASTEC INC / MTZ FAQ
What is the technical rating for MTZ stock?
ChartMill assigns a technical rating of 9 / 10 to MTZ.
What is the current trend direction of MASTEC INC (MTZ) stock?
The current trend direction for MASTEC INC (MTZ) is Bullish.
What is the RSI signal for MTZ stock?
MASTEC INC (MTZ) has an RSI value of 61.8705. This indicates that the stock is currently neutral.
Can you provide the MACD signal for MASTEC INC?
The MACD indicator for MASTEC INC (MTZ) has a value of 2.02246, indicating a bullish trend.
What is the short term momentum for MASTEC INC (MTZ) stock?
The short term momentum for MASTEC INC (MTZ) is positive.