MASTEC INC (MTZ) Technical Analysis
NYSE:MTZ • US5763231090
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 96% of all other stocks. We also observe that the gains produced by MTZ over the past year are nicely spread over this period.
- MTZ is part of the Construction & Engineering industry. There are 55 other stocks in this industry. MTZ outperforms 87% of them.
- MTZ is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month MTZ has a been trading in the 226.09 - 310.36 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although MTZ has an excellent technical rating, it does not offer a high quality setup 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
232.94
When analyzing the support we can see 4 important areas.
- Support @264.17 from a horizontal line in the daily time frame.
- A support zone ranging from 253.91 to 257.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 246.22 to 249.86. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @235.29 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 | 96.47 | POSITIVE | MTZ has a high relative strength, it outperformed 96.47% 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) | 73.85 | OVERBOUGHT | The high RSI value suggests MTZ may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 2.13 | POSITIVE | The MACD value suggests MTZ has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 85.54 | OVERBOUGHT | The high Stochastics value suggests MTZ may be overbought. |
| Average True Range in percent/ATR (20) | 4.81 | MEDIUM VOLATILITY | The ATR as a percentage value for MTZ suggests some volalility. |
| Average Directional Index/ADX (14) | 23.42 | NEUTRAL | The ADX value for MTZ suggests a possible start of a new trend. |
MTZ Technicals: Chart, Performance Metrics, Trend & Indicators
303.87
+3.13 (+1.04%)
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 trend direction for 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 73.8479. This indicates that the stock is currently overbought.
What is the buy/sell signal for MTZ stock?
The buy/sell signal for MASTEC INC (MTZ) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for MASTEC INC?
MASTEC INC (MTZ) has a support level at 264.17. Check the full technical report for our detailed analysis of MTZ support and resistance levels.