MEADWESTVACO CORP (MWV) Stock Technical Analysis
NYSE:MWV - New York Stock Exchange, Inc. - US5833341077
Taking everything into account, MWV scores 2 out of 10 in our technical rating. MWV has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
In the last month MWV has a been trading in the 47.10 - 50.83 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been consolidating recently, but much resistance may still be present above.
MWV has an average volume of 1632640 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!
When comparing the performance of all stocks over the past year, MWV turns out to be only a medium performer in the overall market: it outperformed 58% of all stocks.
MWV is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MWV is lagging the market slightly.
Volume is considerably higher in the last couple of days.
Although the technical rating is bad, MWV does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 47.18, a Stop Loss order could be placed below this zone.
More info and screens
46.03
55.48
We found 1 important support area.
- A support zone ranging from 46.49 to 47.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 48.66 to 49.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 50.24 to 50.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 54.93 to 54.93. 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 | NEUTRAL | NEUTRAL | The long term trend for MWV is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MWV is down. |
| ChartMill Relative Strength | 58.36 | NEUTRAL | MWV is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MWV is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of MWV is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MWV is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 43.4 | NEUTRAL | The RSI value for MWV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.21 | NEGATIVE | The MACD value suggests MWV has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 12.02 | OVERSOLD | The low Stochastics value suggests MWV may be oversold. |
| Average True Range in percent/ATR (20) | 1.83 | LOW VOLATILITY | The low ATR as a percentage value for MWV suggests low 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)
48.3
+1.11 (+2.35%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg2.35%
1 Week-1.17%
2 Weeks-3.21%
1 Month-2.5%
3 Month-1.39%
6 Month9.67%
12 Month8.83%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.98
ATR(20)%1.83%
ATR Inc63.94%
Range Today1.6
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
CRS58.36
Mansfield0.27
10 Day High50.83
10 Day Low47.1
20 Day High50.83
20 Day Low47.1
52 Week High55.15
52 Week Low37.28
CS1 End47.18
CR1 Start48.66
Volume & EV
DER(3)-2.78%
DER(5)-2.54%
Volume4.45M
Volume Incr356.06%
Vol(5)5.59M
Vol(50)1.63M