MASTEC INC (MTZ) Stock Technical Analysis
NYSE:MTZ - New York Stock Exchange, Inc. - US5763231090 - Common Stock - Currency: USD
Taking everything into account, MTZ scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, MTZ has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
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. We also observe that the gains produced by MTZ over the past year are nicely spread over this period.
MTZ is one of the better performing stocks in the Construction & Engineering industry, it outperforms 77% of 49 stocks in the same industry.
MTZ is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so MTZ is lagging the market slightly.
In the last month MTZ has a been trading in the 160.08 - 194.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
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.
More info and screens
110.25
179.71
When analyzing the support we can see 3 important areas.
- A support zone ranging from 174.04 to 174.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @120.08 from a trend line in the weekly time frame.
- Support @111.36 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 | NEUTRAL | NEUTRAL | The short term trend for MTZ is neutral. |
| ChartMill Relative Strength | 90.73 | POSITIVE | MTZ has a high relative strength, it outperformed 90.73% 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) | 52.26 | NEUTRAL | The RSI value for MTZ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.65 | NEGATIVE | The MACD value suggests MTZ has a negative trend. |
| Stochastics (14,3) | 58.63 | NEUTRAL | The Stochastics value for MTZ is a neutral value. |
| Average True Range in percent/ATR (20) | 3.34 | MEDIUM VOLATILITY | The ATR as a percentage value for MTZ suggests some volalility. |
| Average Directional Index/ADX (14) | 18.09 | 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)
177.93
+3.88 (+2.23%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryConstruction & Engineering
Performance
% Chg2.23%
1 Week-4.93%
2 Weeks1.48%
1 Month3.46%
3 Month20.04%
6 Month22.87%
12 Month66.84%
2 Year78.84%
3 Year121.03%
5 Year285.05%
10 Year974.46%
15 Year1738.12%
Volatility
ATR(14)6.67
ATR(20)%3.34%
ATR Inc311.63%
Range Today5.93
ADR(20)4.89
ADR(20)%2.75%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.73
Mansfield1.87
10 Day High194
10 Day Low160.08
20 Day High194
20 Day Low160.08
52 Week High194
52 Week Low96.01
CS1 End174.04
CR1 StartN/A
Volume & EV
DER(3)1.03%
DER(5)1.5%
Volume1.51M
Volume Incr115.34%
Vol(5)1.83M
Vol(50)916.59K