MYERS INDUSTRIES INC (MYE) Technical Analysis
NYSE:MYE • US6284641098
Current stock price
21.35 USD
+0.17 (+0.8%)
At close:
21.35 USD
0 (0%)
After Hours:
MYE Technical Rating and Analysis
We assign a technical rating of 8 out of 10 to MYE. 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.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- Looking at the yearly performance, MYE did better than 91% of all other stocks. We also observe that the gains produced by MYE over the past year are nicely spread over this period.
- MYE is part of the Containers & Packaging industry. There are 22 other stocks in this industry. MYE outperforms 95% of them.
- MYE is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so MYE is performing more or less in line with the market.
- In the last month MYE has a been trading in the 19.73 - 24.03 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
MYE Weekly and Daily overview Charts
MYE Setup Rating and Analysis
MYE has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
MYE Support and Resistance Analysis
19.64
23.02
We found 2 important support areas.
- A support zone ranging from 20.70 to 21.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 19.84 to 20.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 22.58 to 22.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
MYE 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 | UP | POSITIVE | The long term trend for MYE is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MYE is neutral. |
| ChartMill Relative Strength | 91.41 | POSITIVE | MYE has a high relative strength, it outperformed 91.41% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of MYE is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of MYE is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MYE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.06 | NEUTRAL | The RSI value for MYE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests MYE has a positive trend. |
| Stochastics (14,3) | 70.85 | NEUTRAL | The Stochastics value for MYE is a neutral value. |
| Average True Range in percent/ATR (20) | 3.98 | MEDIUM VOLATILITY | The ATR as a percentage value for MYE suggests some volalility. |
| Average Directional Index/ADX (14) | 13.54 | NEGATIVE | The low ADX value for MYE suggests a weak or negative trend. |
MYE Chart- and CandleStick Pattern Analysis
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)
MYE Example Setup
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 |
|---|---|---|---|
| 21.70 | 20.69 | 1.01 (4.65%) | 21.49% |
| An entry @21.70. This is a Buy Stop order right above the 10 day high. | An exit @20.69. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.01 points, which is 4.65%. | When investing 21.49% 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 MYE. 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.
MYE Technicals: Chart, Performance Metrics, Trend & Indicators
21.35
+0.17 (+0.8%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryContainers & Packaging
Performance
% Chg0.8%
1 Week0.19%
2 Weeks4.15%
1 Month-1.93%
3 Month14.72%
6 Month27.23%
12 Month105.68%
2 Year-2.51%
3 Year12.66%
5 Year-5.36%
10 Year58.38%
15 Year100.09%
Volatility
ATR(14)0.7
ATR(20)%3.98%
ATR Inc-14.69%
Range Today0.52
ADR(20)0.81
ADR(20)%3.79%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.41
3 months CRS88.29
6 months CRS90.7
Mansfield2.53
10 Day High21.69
10 Day Low19.73
20 Day High24.03
20 Day Low19.73
52 Week High24.03
52 Week Low9.06
CS1 End21.06
CR1 Start22.58
Volume & EV
DER(3)1.89%
DER(5)2.91%
Volume142.88K
Volume Incr-28.75%
Vol(5)211.53K
Vol(50)289.68K
MYERS INDUSTRIES INC / MYE TA FAQ
Can you provide the ChartMill technical rating for MYERS INDUSTRIES INC?
ChartMill assigns a technical rating of 8 / 10 to MYE.
What is the trend direction for MYE stock?
The current trend direction for MYERS INDUSTRIES INC (MYE) is Bullish.
What is the RSI signal for MYERS INDUSTRIES INC (MYE) stock?
MYERS INDUSTRIES INC (MYE) has an RSI value of 52.0574. This indicates that the stock is currently neutral.
Can you provide the MACD signal for MYERS INDUSTRIES INC?
The MACD indicator for MYERS INDUSTRIES INC (MYE) has a value of 0.0361541, indicating a bearish trend.
What is the short term momentum for MYE stock?
The short term momentum for MYERS INDUSTRIES INC (MYE) is neutral.