METHODE ELECTRONICS INC (MEI) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:MEI - US5915202007 - Common Stock
Taking everything into account, MEI scores 2 out of 10 in our technical rating. MEI's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
MEI has a poor technical rating and the quality of the setup is also not perfect 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
6.26
3 important support areas can be observed.
- A support zone ranging from 6.66 to 6.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @6.50 from a horizontal line in the daily time frame.
- Support @6.32 from a horizontal line in the weekly time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 7.15 to 7.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @7.59 from a horizontal line in the weekly time frame.
- Resistance @8.58 from a trend line in the daily time frame.
- Resistance @12.13 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 | NEUTRAL | NEUTRAL | The long term trend for MEI is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MEI is neutral. |
| ChartMill Relative Strength | 9.72 | NEGATIVE | MEI has a low relative strength, it was outperformed by 90.28% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of MEI is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MEI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MEI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 46.4 | NEUTRAL | The RSI value for MEI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests MEI has a negative trend. |
| Stochastics (14,3) | 23.65 | NEUTRAL | The Stochastics value for MEI is a neutral value. |
| Average True Range in percent/ATR (20) | 6.61 | HIGH VOLATILITY | The high ATR as a percentage value for MEI suggests high volalility. |
| Average Directional Index/ADX (14) | 12.48 | NEGATIVE | The low ADX value for MEI suggests a weak or negative trend. |
6.97
-0.3 (-4.13%)
METHODE ELECTRONICS INC / MEI FAQ
Can you provide the ChartMill technical rating for METHODE ELECTRONICS INC?
ChartMill assigns a technical rating of 2 / 10 to MEI.
Can you provide the trend direction for METHODE ELECTRONICS INC?
The current trend direction for METHODE ELECTRONICS INC (MEI) is Bearish.
Can you provide the RSI signal for METHODE ELECTRONICS INC?
METHODE ELECTRONICS INC (MEI) has an RSI value of 46.4014. This indicates that the stock is currently neutral.
Can you provide the MACD signal for METHODE ELECTRONICS INC?
The MACD indicator for METHODE ELECTRONICS INC (MEI) has a value of -0.0591667, indicating a bearish trend.
What is the short term momentum for METHODE ELECTRONICS INC (MEI) stock?
The short term momentum for METHODE ELECTRONICS INC (MEI) is neutral.