MYERS INDUSTRIES INC (MYE) Technical Analysis
NYSE:MYE • US6284641098
Current stock price
MYE Technical Rating and Analysis
We assign a technical rating of 4 out of 10 to MYE. Although MYE is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- In the last month MYE has a been trading in the 19.61 - 22.59 range, which is quite wide. It is currently trading near the lows 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 87% of all 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 21 other stocks in this industry. MYE outperforms 100% 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.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
MYE Weekly and Daily overview Charts
MYE Setup Rating and Analysis
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
MYE Support and Resistance Analysis
19.64
We found 1 important support area.
- A support zone ranging from 19.84 to 20.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 20.76 to 21.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 | NEUTRAL | NEUTRAL | The long term trend for MYE is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MYE is down. |
| ChartMill Relative Strength | 87.03 | POSITIVE | MYE has a high relative strength, it outperformed 87.03% off all stocks 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) | DOWN | NEGATIVE | The current price of MYE is below a declining 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) | 43.61 | 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) | 22.63 | NEUTRAL | The Stochastics value for MYE is a neutral value. |
| Average True Range in percent/ATR (20) | 3.41 | MEDIUM VOLATILITY | The ATR as a percentage value for MYE suggests some volalility. |
| Average Directional Index/ADX (14) | 14.14 | NEGATIVE | The low ADX value for MYE suggests a weak or negative trend. |
MYE Chart- and CandleStick Pattern Analysis
MYE Technicals: Chart, Performance Metrics, Trend & Indicators
20.61
+0.7 (+3.52%)
MYERS INDUSTRIES INC / MYE TA FAQ
Can you provide the ChartMill technical rating for MYERS INDUSTRIES INC?
ChartMill assigns a technical rating of 4 / 10 to MYE.
What is the trend direction for MYE stock?
The current trend direction for MYERS INDUSTRIES INC (MYE) is Bearish.
What is the RSI signal for MYERS INDUSTRIES INC (MYE) stock?
MYERS INDUSTRIES INC (MYE) has an RSI value of 43.6143. 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 -0.131776, indicating a bearish trend.
What is the short term momentum for MYE stock?
The short term momentum for MYERS INDUSTRIES INC (MYE) is negative.