MYERS INDUSTRIES INC (MYE) Technical Analysis
NYSE:MYE • US6284641098
Current stock price
MYE Technical Rating and Analysis
Taking everything into account, MYE scores 8 out of 10 in our technical rating. In the last year, MYE was one of the better performers, but we do observe some doubts in the very recent evolution.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- Looking at the yearly performance, MYE did better than 90% of all other stocks. On top of that, MYE also shows a nice and consistent pattern of rising prices.
- MYE is one of the better performing stocks in the Containers & Packaging industry, it outperforms 95% of 22 stocks in the same industry.
- 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 - 22.68 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
MYE Weekly and Daily overview Charts
MYE Setup Rating and Analysis
Besides having an excellent technical rating, MYE also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 21.09, a Stop Loss order could be placed below this zone.
More info and screens
MYE Support and Resistance Analysis
19.64
When analyzing the support we can see 2 important areas.
- A support zone ranging from 20.66 to 21.09. 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 20.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance 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 | 90.87 | POSITIVE | MYE has a high relative strength, it outperformed 90.87% 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) | 49.37 | 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) | 76.95 | NEUTRAL | The Stochastics value for MYE is a neutral value. |
| Average True Range in percent/ATR (20) | 3.63 | MEDIUM VOLATILITY | The ATR as a percentage value for MYE suggests some volalility. |
| Average Directional Index/ADX (14) | 12.92 | NEGATIVE | The low ADX value for MYE suggests a weak or negative trend. |
MYE Chart- and CandleStick Pattern Analysis
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 | 20.65 | 1.05 (4.84%) | 20.67% |
| An entry @21.70. This is a Buy Stop order right above the 10 day high. | An exit @20.65. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.05 points, which is 4.84%. | For a 1.00% total portfolio risk, you can invest 20.67% of your capital in this trade. |
- 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
21.09
-0.26 (-1.22%)
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 49.3733. 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 0.0407015, indicating a bearish trend.
What is the short term momentum for MYE stock?
The short term momentum for MYERS INDUSTRIES INC (MYE) is neutral.