MASTEC INC (MTZ) Stock Technical Analysis
NYSE:MTZ - US5763231090 - Common Stock
182.55 USD
+5.42 (+3.06%)
181.65 USD
-0.9 (-0.49%)
We assign a technical rating of 9 out of 10 to MTZ. 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 and short term trends are both positive. This is looking good!
Looking at the yearly performance, MTZ did better than 89% of all other stocks. On top of that, MTZ also shows a nice and consistent pattern of rising prices.
MTZ is part of the Construction & Engineering industry. There are 49 other stocks in this industry. MTZ outperforms 70% of them.
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.
MTZ has an excellent technical rating, but the quality of the setup is only medium 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
111.12
184.38
4 important support areas can be observed.
- A support zone ranging from 171.74 to 179.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @168.23 from a horizontal line in the daily time frame.
- Support @122.41 from a trend line in the weekly time frame.
- Support @112.24 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 | 89.51 | POSITIVE | MTZ has a high relative strength, it outperformed 89.51% 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) | 57.1 | NEUTRAL | The RSI value for MTZ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.53 | NEGATIVE | The MACD value suggests MTZ has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 57.97 | NEUTRAL | The Stochastics value for MTZ is a neutral value. |
| Average True Range in percent/ATR (20) | 3.73 | MEDIUM VOLATILITY | The ATR as a percentage value for MTZ suggests some volalility. |
| Average Directional Index/ADX (14) | 15.67 | 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 |
|---|---|---|---|
| 187.03 | 167.65 | 19.38 (10.36%) | 9.65% |
| An entry @187.03. This is a Buy Stop order right above the 10 day high. | An exit @167.65. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 19.38 points, which is 10.36%. | When investing 9.65% 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.
182.55
+5.42 (+3.06%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryConstruction & Engineering
Performance
% Chg3.06%
1 Week4.16%
2 Weeks-1%
1 Month-3.02%
3 Month17.07%
6 Month39.79%
12 Month61.36%
2 Year83.49%
3 Year126.77%
5 Year295.04%
10 Year1002.36%
15 Year1785.85%
Volatility
ATR(14)5.39
ATR(20)%3.73%
ATR Inc-19.84%
Range Today5.07
ADR(20)5.87
ADR(20)%3.22%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.51
Mansfield1.69
10 Day High187.02
10 Day Low167.66
20 Day High194
20 Day Low160.08
52 Week High194
52 Week Low96.01
CS1 End179.68
CR1 StartN/A
Volume & EV
DER(3)0.82%
DER(5)1.74%
Volume956.50K
Volume Incr-11.76%
Vol(5)951.34K
Vol(50)952.91K