Technical Analysis for MEC - Mayville Engineering Company, Inc.

Grade Last Price % Change Price Change
B 15.67 1.06% 0.17
MEC closed up 0.19 percent on Friday, May 17, 2024, on 1.59 times normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. The price action carved out a bullish hammer (or hammer-like) candlestick pattern. That may indicate an upside reversal. Look for price to trade above the high of the hammer for confirmation.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Up

Date Alert Name Type % Chg
Hammer Candlestick Bullish 1.06%
180 Bullish Setup Bullish Swing Setup 1.06%
NR7 Range Contraction 1.06%
Overbought Stochastic Strength 1.26%
Calm After Storm Range Contraction -1.97%
Upper Bollinger Band Walk Strength -1.97%
Overbought Stochastic Strength -1.97%
Stochastic Sell Signal Bearish -2.94%
Slingshot Bullish Bullish Swing Setup -2.94%
Calm After Storm Range Contraction -2.94%

   Recent Intraday Alerts

Alert Time
Up 1% 1 minute ago
10 DMA Support 8 minutes ago
Bullish 180 Entry 14 minutes ago
Hammer Candlestick Entry 14 minutes ago
Rose Above Previous Day's High 14 minutes ago

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Profile

Mayville Engineering Company, Inc. Description

Founded in 1945, MEC is a leading U.S.-based value-added manufacturing partner that provides a broad range of prototyping and tooling, production fabrication, coating, assembly and aftermarket services. Our customers operate in diverse end markets, including heavy- and medium-duty commercial vehicle, construction, powersports, agriculture, military and other end markets. Along with process engineering and development services, MEC maintains an extensive manufacturing infrastructure in 21 facilities across eight states. These facilities make it possible to offer conventional and CNC stamping, shearing, fiber laser cutting, forming, drilling, tapping, grinding, tube bending, machining, welding, assembly and logistic services. MEC also possesses a broad range of finishing capabilities including shot blasting, e-coating, powder coating, wet spray and military grade chemical agent resistant coating (CARC) painting.


Classification

Sector: Industrials
Industry: Metal Fabrication
Keywords: Laser Machining Welding Tooling Hearing Metal Fabrication Aftermarket Services Powder Coating Fiber Laser Logistic Services Numerical Control Powersports Shearing

Is MEC a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 16.54
52 Week Low 9.7185
Average Volume 73,678
200-Day Moving Average 12.74
50-Day Moving Average 14.05
20-Day Moving Average 14.59
10-Day Moving Average 15.39
Average True Range 0.61
RSI (14) 60.63
ADX 20.38
+DI 24.65
-DI 18.15
Chandelier Exit (Long, 3 ATRs) 14.73
Chandelier Exit (Short, 3 ATRs) 14.97
Upper Bollinger Bands 16.63
Lower Bollinger Band 12.55
Percent B (%b) 0.72
BandWidth 27.95
MACD Line 0.57
MACD Signal Line 0.45
MACD Histogram 0.1218
Fundamentals Value
Market Cap 314.78 Million
Num Shares 20.3 Million
EPS 0.39
Price-to-Earnings (P/E) Ratio 39.74
Price-to-Sales 0.45
Price-to-Book 1.12
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 16.01
Resistance 3 (R3) 15.96 15.74 15.93
Resistance 2 (R2) 15.74 15.61 15.77 15.90
Resistance 1 (R1) 15.62 15.53 15.68 15.67 15.87
Pivot Point 15.40 15.40 15.43 15.43 15.40
Support 1 (S1) 15.28 15.27 15.34 15.33 15.13
Support 2 (S2) 15.06 15.19 15.09 15.10
Support 3 (S3) 14.94 15.06 15.08
Support 4 (S4) 14.99