MYERS INDUSTRIES INC (MYE) Stock Technical Analysis
USA - NYSE:MYE - US6284641098 - Common Stock
Overall MYE gets a technical rating of 8 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
MYE has an excellent technical rating and 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. There is a support zone below the current price at 16.85, a Stop Loss order could be placed below this zone.
More info and screens
15.54
3 important support areas can be observed.
- A support zone ranging from 16.66 to 16.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @16.28 from a trend line in the daily time frame.
- 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.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 17.44 to 17.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @18.09 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 | NEUTRAL | NEUTRAL | The short term trend for MYE is neutral. |
| ChartMill Relative Strength | 89.51 | POSITIVE | MYE has a high relative strength, it outperformed 89.51% 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) | 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) | 45.47 | NEUTRAL | The RSI value for MYE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests MYE has a negative trend. |
| Stochastics (14,3) | 28.78 | NEUTRAL | The Stochastics value for MYE is a neutral value. |
| Average True Range in percent/ATR (20) | 3.08 | MEDIUM VOLATILITY | The ATR as a percentage value for MYE suggests some volalility. |
| Average Directional Index/ADX (14) | 22.93 | NEUTRAL | The ADX value for MYE suggests a possible start of a new trend. |
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 |
|---|---|---|---|
| 17.50 | 16.79 | 0.71 (4.06%) | 24.65% |
| An entry @17.50. This is a Buy Stop order right above the resistance zone. | An exit @16.79. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.71 points, which is 4.06%. | For a 1.00% total portfolio risk, you can invest 24.65% of your capital in this trade. |
- 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.
NYSE:MYE (11/19/2025, 2:57:27 PM)
16.94
+0.01 (+0.06%)
MYERS INDUSTRIES INC / MYE FAQ
Can you provide the ChartMill technical rating for MYERS INDUSTRIES INC?
ChartMill assigns a technical rating of 8 / 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 45.4746. 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 -0.112792, indicating a bearish trend.
What is the short term momentum for MYE stock?
The short term momentum for MYERS INDUSTRIES INC (MYE) is neutral.