MASTEC INC (MTZ) Stock Technical Analysis
USA - NYSE:MTZ - US5763231090 - Common Stock
Taking everything into account, MTZ scores 8 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
MTZ has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 215.82. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 200.43, a Stop Loss order could be placed below this zone.
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114.02
5 important support areas can be observed.
- A support zone ranging from 195.50 to 200.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @189.06 from a trend line in the daily time frame.
- Support @174.05 from a horizontal line in the daily time frame.
- Support @127.18 from a trend line in the weekly time frame.
- Support @115.17 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important 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 | DOWN | NEGATIVE | The short term trend for MTZ is down. |
| ChartMill Relative Strength | 86.24 | POSITIVE | MTZ has a high relative strength, it outperformed 86.24% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of MTZ is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of MTZ is below 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) | 46.97 | NEUTRAL | The RSI value for MTZ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.74 | NEGATIVE | The MACD value suggests MTZ has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 26.91 | NEUTRAL | The Stochastics value for MTZ is a neutral value. |
| Average True Range in percent/ATR (20) | 4.88 | MEDIUM VOLATILITY | The ATR as a percentage value for MTZ suggests some volalility. |
| Average Directional Index/ADX (14) | 24.69 | 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 |
|---|---|---|---|
| 205.68 | 195.49 | 10.19 (4.96%) | 20.18% |
| An entry @205.68. This is a Buy Stop order right above the 10 day moving average. | An exit @195.49. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 10.19 points, which is 4.96%. | When investing 20.18% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of MTZ. Please evaluate whether better entry and exit points can be found.
- 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.
200.44
+3.78 (+1.92%)
MASTEC INC / MTZ FAQ
What is the technical rating for MTZ stock?
ChartMill assigns a technical rating of 8 / 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 46.9748. 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 -1.74278, indicating a bearish trend.
What is the short term momentum for MASTEC INC (MTZ) stock?
The short term momentum for MASTEC INC (MTZ) is negative.