MYERS INDUSTRIES INC (MYE) Stock Technical Analysis
USA - NYSE:MYE - US6284641098 - Common Stock
15.7 USD
-0.65 (-3.98%)
15.7 USD
0 (0%)
We assign a technical rating of 6 out of 10 to MYE. MYE has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
In the last month MYE has a been trading in the 15.69 - 17.12 range, which is quite wide. It is currently trading near the lows of this range.
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.
MYE is part of the Containers & Packaging industry. There are 22 other stocks in this industry. MYE outperforms 76% of them.
MYE is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so MYE is lagging the market slightly.
When compared to the yearly performance of all other stocks, MYE outperforms 63% of them, which is more or less in line with the market.
MYE has an average technical rating and also the quality of the setup is 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
14.11
17.11
When analyzing the support we can see 3 important areas.
- A support zone ranging from 15.69 to 15.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @14.97 from a trend line in the daily time frame.
- Support @14.25 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 16.74 to 16.94. 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 | 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 | 63.59 | NEUTRAL | MYE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MYE is below 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) | 43.42 | NEUTRAL | The RSI value for MYE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests MYE has a negative trend. |
| Stochastics (14,3) | 20.13 | NEUTRAL | The Stochastics value for MYE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.79 | MEDIUM VOLATILITY | The ATR as a percentage value for MYE suggests some volalility. |
| Average Directional Index/ADX (14) | 12.33 | NEGATIVE | The low ADX value for MYE suggests a weak or negative trend. |
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)
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 |
|---|---|---|---|
| 16.32 | 15.68 | 0.64 (3.92%) | 25.00% |
| An entry @16.32. This is a Buy Stop order right above the 10 day moving average. | An exit @15.68. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.64 points, which is 3.92%. | For a 0.98% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
15.7
-0.65 (-3.98%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryContainers & Packaging
Performance
% Chg-3.98%
1 Week-3.8%
2 Weeks-6.55%
1 Month-4.38%
3 Month7.02%
6 Month22.85%
12 Month14.18%
2 Year-12.44%
3 Year-4.68%
5 Year18.67%
10 Year17.16%
15 Year82.77%
Volatility
ATR(14)0.44
ATR(20)%2.79%
ATR Inc14.57%
Range Today0.63
ADR(20)0.42
ADR(20)%2.66%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS63.59
Mansfield1.05
10 Day High16.97
10 Day Low15.69
20 Day High17.12
20 Day Low15.69
52 Week High17.12
52 Week Low9.06
CS1 End15.69
CR1 Start16.74
Volume & EV
DER(3)0.88%
DER(5)-0.97%
Volume163.70K
Volume Incr-4.79%
Vol(5)205.36K
Vol(50)206.95K