MYERS INDUSTRIES INC (MYE) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:MYE - US6284641098 - Common Stock
Overall MYE gets a technical rating of 10 out of 10. Both in the recent history as in the last year, MYE has proven to be a steady performer, scoring decent points in every aspect analyzed.
Besides having an excellent technical rating, MYE also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
15.57
We found 4 important support areas.
- A support zone ranging from 17.77 to 17.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @17.30 from a horizontal line in the weekly time frame.
- A support zone ranging from 16.70 to 16.85. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @15.73 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 19.31 to 19.75. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 92.56 | POSITIVE | MYE has a high relative strength, it outperformed 92.56% 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) | 64.1 | 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) | 72.26 | NEUTRAL | The Stochastics value for MYE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.1 | MEDIUM VOLATILITY | The ATR as a percentage value for MYE suggests some volalility. |
| Average Directional Index/ADX (14) | 34.45 | POSITIVE | The high ADX value value for MYE suggests a strong trend. |
19.26
-0.08 (-0.41%)
MYERS INDUSTRIES INC / MYE FAQ
Can you provide the ChartMill technical rating for MYERS INDUSTRIES INC?
ChartMill assigns a technical rating of 10 / 10 to MYE.
Can you provide the trend direction for MYERS INDUSTRIES INC?
The current trend direction for MYERS INDUSTRIES INC (MYE) is Bullish.
What is the RSI signal for MYE stock?
MYERS INDUSTRIES INC (MYE) has an RSI value of 64.1024. 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 0.0076296, indicating a bearish trend.
What is the short term momentum for MYE stock?
The short term momentum for MYERS INDUSTRIES INC (MYE) is positive.