MUELLER INDUSTRIES INC (MLI)
US6247561029 - Common Stock
We assign a technical rating of 10 out of 10 to MLI. Both in the recent history as in the last year, MLI has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that MLI is one of the better performing stocks in the market, outperforming 88% of all stocks. We also observe that the gains produced by MLI over the past year are nicely spread over this period.
MLI is part of the Machinery industry. There are 132 other stocks in this industry. MLI outperforms 80% of them.
MLI 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 MLI has a been trading in the 52.22 - 60.31 range, which is quite wide. It is currently trading near the high of this range.
MLI has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 55.58, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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.
More info and screens
38.92
60.11
When analyzing the support we can see 5 important areas.
- A support zone ranging from 54.09 to 55.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @53.18 from a trend line in the daily time frame.
- A support zone ranging from 51.45 to 51.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @50.40 from a horizontal line in the daily time frame.
- Support @39.31 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 57.70 to 59.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.29
Mansfield1.4
10 Day High60.31
10 Day Low57.25
20 Day High60.31
20 Day Low52.22
52 Week High60.31
52 Week Low34.96
Performance
1 Week-2.97%
2 Weeks1.23%
1 Month10%
3 Month15.78%
6 Month38.91%
12 Month45.98%
2 Year113.59%
3 Year147.73%
5 Year326.79%
10 Year299.1%
15 Year947.06%
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)
Technical Indicators
MACD(12,26,9)-0.14
RSI(14)54.07
LBB55.7
UBB60.2
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 |
|---|---|---|---|
| 59.52 | 57.24 | 2.28 (3.83%) | 25.00% |
| An entry @59.52. This is a Buy Stop order right above the resistance zone. | An exit @57.24. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 2.28 points, which is 3.83%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.96%. |
- 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.
MUELLER INDUSTRIES INC
NYSE:MLI (5/17/2024, 7:13:31 PM)
After market: 57.51 0 (0%)57.51
-0.76 (-1.3%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg-1.3%
1 Week-2.97%
2 Weeks1.23%
1 Month10%
3 Month15.78%
6 Month38.91%
12 Month45.98%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)1.39
ATR(20)%2.91%
ATR Inc
Range Today1.16
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High60.31
10 Day Low57.25
20 Day High60.31
20 Day Low52.22
52 Week High60.31
52 Week Low34.96
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume730.80K
Volume Incr-7.94%
Vol(5)652.72K
Vol(50)686.25K