Mohawk Group Holdings Inc (MWK) Technical Analysis
NASDAQ:MWK
Current stock price
MWK Technical Rating and Analysis
Taking everything into account, MWK scores 3 out of 10 in our technical rating. 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.
- Looking at the yearly performance, MWK did better than 97% of all other 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 short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- 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 Weekly and Daily overview Charts
MWK Setup Rating and Analysis
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
MWK Support and Resistance Analysis
20.41
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.
MWK Technical Indicator Signal Analysis
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. |
MWK Chart- and CandleStick Pattern Analysis
MWK Technicals: Chart, Performance Metrics, Trend & Indicators
23.7
-0.86 (-3.5%)
Mohawk Group Holdings Inc / MWK TA FAQ
What is the ChartMill technical rating of Mohawk Group Holdings Inc (MWK) stock?
ChartMill assigns a technical rating of 2 / 10 to MWK.
Can you provide the trend direction for Mohawk Group Holdings Inc?
The current trend direction for Mohawk Group Holdings Inc (MWK) is Bearish.
What is the RSI signal for MWK stock?
Mohawk Group Holdings Inc (MWK) has an RSI value of 40.891. This indicates that the stock is currently neutral.
What is the MACD signal for MWK stock?
The MACD indicator for Mohawk Group Holdings Inc (MWK) has a value of 0.204127, indicating a bearish trend.