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MYERS INDUSTRIES INC (MYE) Stock Technical Analysis

NYSE:MYE - New York Stock Exchange, Inc. - US6284641098 - Common Stock - Currency: USD

14.94  -0.44 (-2.86%)

After market: 14.94 0 (0%)

Technical Rating and Analysis

9

Overall MYE gets a technical rating of 9 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.

The long and short term trends are both positive. This is looking good!
MYE is one of the better performing stocks in the Containers & Packaging industry, it outperforms 90% of 22 stocks in the same industry.
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.
In the last month MYE has a been trading in the 14.38 - 15.77 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
When comparing the yearly performance of all stocks, we notice that MYE is one of the better performing stocks in the market, outperforming 81% of all stocks. However, this relatively good performance is mostly due to a recent big move.
Weekly and Daily overview Charts
MYERS INDUSTRIES INC / MYE Weekly stock chart
MYERS INDUSTRIES INC / MYE Daily stock chart
Setup Rating and Analysis

8

MYE has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 14.76, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.

  • A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
Support and Resistance Analysis

13.80

15.80

We found 2 important support areas.

  • A support zone ranging from 14.49 to 14.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A support zone ranging from 13.94 to 14.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

2 important resistance areas can be observed.

  • A resistance zone ranging from 14.95 to 15.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A resistance zone ranging from 15.54 to 15.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorUPPOSITIVEThe long term trend for MYE is up.
ChartMill Short Term Trend IndicatorUPPOSITIVEThe short term trend for MYE is up.
ChartMill Relative Strength81.38POSITIVEMYE has a high relative strength, it outperformed 81.38% off all stocks on the market.
Simple Moving Average/SMA (20)UPMIXEDThe current price of MYE is below the rising SMA(20).
Simple Moving Average/SMA (50)UPPOSITIVEThe current price of MYE is above the rising SMA(50).
Simple Moving Average/SMA (200)UPPOSITIVEThe current price of MYE is above the rising SMA(200).
Relative Strength Index/RSI (14)53.39NEUTRALThe RSI value for MYE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)-0.1NEGATIVEThe MACD value suggests MYE has a negative trend, although the MACD value is rising.
Stochastics (14,3)51.86NEUTRALThe Stochastics value for MYE is a neutral value.
Average True Range in percent/ATR (20)2.97MEDIUM VOLATILITYThe ATR as a percentage value for MYE suggests some volalility.
Average Directional Index/ADX (14)23.34NEUTRALThe ADX value for MYE suggests a possible start of a new trend.
Chart- and CandleStick Pattern Analysis
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)
Example Setup

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.

ENTRYEXITDISTANCECAPITAL
15.3014.480.82 (5.36%)18.66%
An entry @15.30. This is a Buy Stop order right above the resistance zone.An exit @14.48. This is a Stop Loss order right below the support zone.The trade has a worst case loss of 0.82 points, which is 5.36%.For a 1.00% total portfolio risk, you can invest 18.66% 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.
MYERS INDUSTRIES INC / MYE Daily stock chart

MYERS INDUSTRIES INC

NYSE:MYE (7/24/2025, 8:04:00 PM)

After market: 14.94 0 (0%)

14.94

-0.44 (-2.86%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryContainers & Packaging
Performance
% Chg-2.86%
1 Week0.27%
2 Weeks-3.3%
1 Month1.84%
3 Month45.05%
6 Month22.36%
12 Month1.43%
2 Year-23.81%
3 Year-38.59%
5 Year-0.8%
10 Year-1.26%
15 Year88.87%
Volatility
ATR(14)0.45
ATR(20)%2.97%
ATR Inc-4.41%
Range Today0.4
ADR(20)0.42
ADR(20)%2.84%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS81.38
Mansfield0.82
10 Day High15.54
10 Day Low14.38
20 Day High15.77
20 Day Low14.38
52 Week High17.39
52 Week Low9.06
CS1 End14.76
CR1 Start14.95
Volume & EV
DER(3)2.79%
DER(5)1.69%
Volume263.40K
Volume Incr-13.93%
Vol(5)206.72K
Vol(50)234.94K