MASTEC INC (MTZ) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:MTZ - US5763231090 - Common Stock
Overall MTZ gets a technical rating of 10 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.
MTZ has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.
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6 important support areas can be observed.
- Support @212.61 from a trend line in the daily time frame.
- A support zone ranging from 208.37 to 209.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @204.81 from a trend line in the daily time frame.
- Support @195.60 from a horizontal line in the daily time frame.
- Support @192.21 from a horizontal line in the weekly time frame.
- Support @117.23 from a trend line in the weekly time frame.
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 | 90.93 | POSITIVE | MTZ has a high relative strength, it outperformed 90.93% 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) | 59.84 | NEUTRAL | The RSI value for MTZ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests MTZ has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 60.87 | NEUTRAL | The Stochastics value for MTZ is a neutral value. |
| Average True Range in percent/ATR (20) | 3.71 | MEDIUM VOLATILITY | The ATR as a percentage value for MTZ suggests some volalility. |
| Average Directional Index/ADX (14) | 15.59 | NEGATIVE | The low ADX value for MTZ 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 |
|---|---|---|---|
| 233.15 | 212.60 | 20.55 (8.81%) | 11.35% |
| An entry @233.15. This is a Buy Stop order right above the 10 day high. | An exit @212.60. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 20.55 points, which is 8.81%. | When investing 11.35% 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.
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+0.4 (+0.18%)
MASTEC INC / MTZ FAQ
What is the technical rating for MTZ stock?
ChartMill assigns a technical rating of 10 / 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 59.8402. 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 -0.157546, indicating a bearish trend.
What is the short term momentum for MASTEC INC (MTZ) stock?
The short term momentum for MASTEC INC (MTZ) is positive.