MYERS INDUSTRIES INC (MYE) Stock Technical Analysis
NYSE:MYE - US6284641098 - Common Stock
16.6 USD
+0.61 (+3.81%)
16.6 USD
0 (0%)
Overall MYE gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MYE is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
MYE is part of the Containers & Packaging industry. There are 22 other stocks in this industry. MYE outperforms 95% 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 12.96 - 16.86 range, which is quite wide. It is currently trading near the high of this range.
Looking at the yearly performance, MYE did better than 82% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
MYE has an excellent technical rating, but 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
16.77
When analyzing the support we can see 3 important areas.
- A support zone ranging from 15.80 to 16.00. 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 14.50 to 14.62. 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.
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 | 82.92 | POSITIVE | MYE has a high relative strength, it outperformed 82.92% 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) | 64.05 | NEUTRAL | The RSI value for MYE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests MYE has a positive trend. |
| Stochastics (14,3) | 69.99 | NEUTRAL | The Stochastics value for MYE is a neutral value. |
| Average True Range in percent/ATR (20) | 3.33 | MEDIUM VOLATILITY | The ATR as a percentage value for MYE suggests some volalility. |
| Average Directional Index/ADX (14) | 12.12 | 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 |
|---|---|---|---|
| 16.87 | 15.79 | 1.08 (6.37%) | 15.69% |
| An entry @16.87. This is a Buy Stop order right above the 10 day high. | An exit @15.79. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.08 points, which is 6.37%. | For a 1.00% total portfolio risk, you can invest 15.69% 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.
16.6
+0.61 (+3.81%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryContainers & Packaging
Performance
% Chg3.81%
1 Week2.98%
2 Weeks4.8%
1 Month9.28%
3 Month37.65%
6 Month47.42%
12 Month9.72%
2 Year-11.75%
3 Year-14.08%
5 Year8.5%
10 Year16.41%
15 Year160.6%
Volatility
ATR(14)0.44
ATR(20)%3.33%
ATR Inc4.04%
Range Today0.61
ADR(20)0.53
ADR(20)%3.19%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.92
Mansfield1.88
10 Day High16.86
10 Day Low15.71
20 Day High16.86
20 Day Low12.96
52 Week High16.86
52 Week Low9.06
CS1 End16
CR1 StartN/A
Volume & EV
DER(3)2.33%
DER(5)3.13%
Volume221.30K
Volume Incr-0.37%
Vol(5)226.92K
Vol(50)237.04K