MAYVILLE ENGINEERING CO INC (MEC) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:MEC - US5786051079 - Common Stock
We assign a technical rating of 9 out of 10 to MEC. Both in the recent history as in the last year, MEC has proven to be a steady performer, scoring decent points in every aspect analyzed.
Although MEC has an excellent technical rating, it does not offer a high quality setup 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.
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12.44
When analyzing the support we can see 4 important areas.
- A support zone ranging from 15.87 to 16.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @14.92 from a horizontal line in the daily time frame.
- Support @12.79 from a trend line in the daily time frame.
- Support @12.57 from a trend line in the weekly 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 MEC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MEC is up. |
| ChartMill Relative Strength | 84.19 | POSITIVE | MEC has a high relative strength, it outperformed 84.19% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MEC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MEC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MEC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.75 | NEUTRAL | The RSI value for MEC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.23 | POSITIVE | The MACD value suggests MEC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 89.98 | OVERBOUGHT | The high Stochastics value suggests MEC may be overbought. |
| Average True Range in percent/ATR (20) | 4.78 | MEDIUM VOLATILITY | The ATR as a percentage value for MEC suggests some volalility. |
| Average Directional Index/ADX (14) | 19.98 | NEGATIVE | The low ADX value for MEC suggests a weak or negative trend. |
18.62
-0.2 (-1.06%)
MAYVILLE ENGINEERING CO INC / MEC FAQ
What is the ChartMill technical rating of MAYVILLE ENGINEERING CO INC (MEC) stock?
ChartMill assigns a technical rating of 9 / 10 to MEC.
What is the current trend direction of MAYVILLE ENGINEERING CO INC (MEC) stock?
The current trend direction for MAYVILLE ENGINEERING CO INC (MEC) is Bullish.
Can you provide the RSI signal for MAYVILLE ENGINEERING CO INC?
MAYVILLE ENGINEERING CO INC (MEC) has an RSI value of 65.7523. This indicates that the stock is currently neutral.
Can you provide the short term momentum for MAYVILLE ENGINEERING CO INC?
The short term momentum for MAYVILLE ENGINEERING CO INC (MEC) is positive.
What is the buy/sell signal for MAYVILLE ENGINEERING CO INC (MEC) stock?
The buy/sell signal for MAYVILLE ENGINEERING CO INC (MEC) is buy as both the short term and long term trends are positive.