Mueller Industries Technical Analysis (NYSE:MLI)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. The Mueller Industries stock price data and volume are plotted in MLI stock charts and these trading charts form the basis of technical analysis.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Mueller Industries. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Mueller Industries stock analysis.
Mueller Industries Moving Average
Moving averages show the MLI stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Mueller Industries are mostly signals of long term trends and will help long term traders.
Mueller Industries Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the MLI stock. Currently the stock price of $32.51 is in the upper range of Mueller Industries bollinger bands.
Mueller Industries Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Mueller Industries MACD indicator can be used to identify bullish and bearish trends for the stock.
Mueller Industries Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . 42.54 is the RSI value of MLI stock.