Mohawk Group Holdings Inc (MWK) Stock Technical Analysis
NASDAQ:MWK - Nasdaq -
We assign a technical rating of 3 out of 10 to MWK. Although MWK is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
When comparing the yearly performance of all stocks, we notice that MWK is one of the better performing stocks in the market, outperforming 97% of all stocks.
MWK has an average volume of 1066450 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
MWK is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MWK is lagging the market.
In the last month MWK has a been trading in the 19.64 - 33.97 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
MWK has a poor technical rating and the quality of the setup is also 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
20.41
25.86
When analyzing the support we can see 3 important areas.
- A support zone ranging from 23.40 to 23.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @21.63 from a trend line in the daily time frame.
- Support @20.62 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @24.51 from a trend line in the daily time frame.
- Resistance @25.60 from a horizontal line in the daily 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 | NEUTRAL | NEUTRAL | The long term trend for MWK is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MWK is down. |
| ChartMill Relative Strength | 97.41 | POSITIVE | MWK has a high relative strength, it outperformed 97.41% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MWK is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MWK is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MWK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 40.89 | NEUTRAL | The RSI value for MWK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.2 | POSITIVE | The MACD value suggests MWK has a positive trend. |
| Stochastics (14,3) | 38.88 | NEUTRAL | The Stochastics value for MWK is a neutral value. |
| Average True Range in percent/ATR (20) | 10.95 | HIGH VOLATILITY | The high ATR as a percentage value for MWK suggests high volalility. |
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)
23.7
-0.86 (-3.5%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-3.5%
1 Week2.78%
2 Weeks-1.58%
1 Month-19.66%
3 Month2.95%
6 Month194.78%
12 Month426.67%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.44
ATR(20)%10.95%
ATR Inc-34.23%
Range Today1.9
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.41
Mansfield3.78
10 Day High26.18
10 Day Low19.64
20 Day High33.97
20 Day Low19.64
52 Week High48.99
52 Week Low3.56
CS1 End23.6
CR1 Start24.51
Volume & EV
DER(3)-2.47%
DER(5)-0.68%
Volume682.90K
Volume Incr-33.21%
Vol(5)635.27K
Vol(50)1.07M