MYERS INDUSTRIES INC (MYE) Stock Technical Analysis
USA - NYSE:MYE - US6284641098 - Common Stock
16.84 USD
+0.06 (+0.36%)
16.84 USD
0 (0%)
Taking everything into account, MYE scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, MYE is only an average performer.
The long and short term trends are both positive. This is looking good!
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 near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month MYE has a been trading in the 15.69 - 17.25 range, which is quite wide. It is currently trading near the high of this range.
When comparing the yearly performance of all stocks, we notice that MYE is one of the better performing stocks in the market, outperforming 79% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
Besides having an excellent technical rating, MYE also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 16.79, a Stop Loss order could be placed below this zone.
More info and screens
14.11
17.22
4 important support areas can be observed.
- A support zone ranging from 16.75 to 16.79. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 16.00 to 16.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 15.70 to 15.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @14.25 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 16.85 to 17.05. 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 | UP | POSITIVE | The short term trend for MYE is up. |
| ChartMill Relative Strength | 79.69 | POSITIVE | MYE has a high relative strength, it outperformed 79.69% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MYE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MYE is above 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) | 57.72 | NEUTRAL | The RSI value for MYE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests MYE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 67.39 | NEUTRAL | The Stochastics value for MYE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.36 | MEDIUM VOLATILITY | The ATR as a percentage value for MYE suggests some volalility. |
| Average Directional Index/ADX (14) | 22.51 | NEUTRAL | The ADX value for MYE suggests a possible start of a new 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 |
|---|---|---|---|
| 17.06 | 16.74 | 0.32 (1.88%) | 25.00% |
| An entry @17.06. This is a Buy Stop order right above the resistance zone. | An exit @16.74. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.32 points, which is 1.88%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.47%. |
- 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.
16.84
+0.06 (+0.36%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryContainers & Packaging
Performance
% Chg0.36%
1 Week0.96%
2 Weeks1.38%
1 Month4.92%
3 Month9.21%
6 Month73.07%
12 Month30.04%
2 Year0.42%
3 Year-17%
5 Year17.43%
10 Year7.88%
15 Year90.71%
Volatility
ATR(14)0.39
ATR(20)%2.36%
ATR Inc-6.18%
Range Today0.34
ADR(20)0.39
ADR(20)%2.32%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.69
Mansfield1.53
10 Day High17.25
10 Day Low16.45
20 Day High17.25
20 Day Low15.69
52 Week High17.25
52 Week Low9.06
CS1 End16.79
CR1 Start16.85
Volume & EV
DER(3)1.64%
DER(5)-0.15%
Volume236.30K
Volume Incr-8.67%
Vol(5)210.66K
Vol(50)226.76K