MUELLER INDUSTRIES INC (MLI)

US6247561029 - Common Stock

80.18  +0.69 (+0.87%)

After market: 82 +1.82 (+2.27%)

Technical Rating and Analysis

8

Taking everything into account, MLI scores 8 out of 10 in our technical rating. 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.

In the last month MLI has a been trading in the 76.81 - 89.47 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been consolidating recently, but much resistance may still be present above.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
When comparing the yearly performance of all stocks, we notice that MLI is one of the better performing stocks in the market, outperforming 91% of all stocks. On top of that, MLI also shows a nice and consistent pattern of rising prices.
MLI is one of the better performing stocks in the Machinery industry, it outperforms 90% of 132 stocks in the same industry.
MLI has an average volume of 1481640 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
MLI is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MLI is lagging the market slightly.
Volume is considerably higher in the last couple of days.
Weekly and Daily overview Charts
MLI Weekly chart
MLI Daily chart
Setup Rating and Analysis

7

MLI has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 79.76, a Stop Loss order could be placed below this zone.

Support and Resistance Analysis

69.80

84.92

2 important support areas can be observed.

  • A support zone ranging from 78.06 to 79.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @70.51 from a trend line in the weekly time frame.

We found 1 important resistance area.

  • A resistance zone ranging from 81.08 to 84.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.85
Mansfield1.71
10 Day High85.82
10 Day Low77.73
20 Day High89.47
20 Day Low76.81
52 Week High96.81
52 Week Low44.39
Performance
1 Week-2.79%
2 Weeks1.85%
1 Month-12.56%
3 Month10.5%
6 Month44%
12 Month69.37%
2 Year171.8%
3 Year170.15%
5 Year405.07%
10 Year369.71%
15 Year1191.14%
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)-0.18
RSI(14)44.91
LBB76.38
UBB84.75
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
84.0978.056.04 (7.18%)13.92%
An entry @84.09. This is a Buy Stop order right above the resistance zone.An exit @78.05. This is a Stop Loss order right below the support zone.The worst case loss on the trade is limited to 6.04 points, which is 7.18%.For a 1.00% total portfolio risk, you can invest 13.92% 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.
MLI Daily chart

MUELLER INDUSTRIES INC

NYSE:MLI (12/20/2024, 8:24:46 PM)

After market: 82 +1.82 (+2.27%)

80.18

+0.69 (+0.87%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg0.87%
1 Week-2.79%
2 Weeks1.85%
1 Month-12.56%
3 Month10.5%
6 Month44%
12 Month69.37%
2 Year171.8%
3 Year170.15%
5 Year405.07%
10 Year369.71%
15 Year1191.14%
Volatility
ATR(14)2.92
ATR(20)%3.85%
ATR Inc16.75%
Range Today4.24
ADR(20)2.84
ADR(20)%3.54%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.85
Mansfield1.71
10 Day High85.82
10 Day Low77.73
20 Day High89.47
20 Day Low76.81
52 Week High96.81
52 Week Low44.39
CS1 End79.76
CR1 Start81.08
Volume & EV
DER(3)-1.61%
DER(5)0.45%
Volume6.27M
Volume Incr-7.37%
Vol(5)2.02M
Vol(50)1.48M