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Technical Analysis for MYE - Myers Industries, Inc.

Grade Last Price % Change Price Change
F 16.42 -3.41% -0.58
MYE closed down 3.41 percent on Friday, May 17, 2024, on 1.23 times normal volume. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Down Down Down

Date Alert Name Type % Chg
180 Bearish Setup Bearish Swing Setup 0.00%
Outside Day Range Expansion 0.00%
Wide Bands Range Expansion 0.00%
Oversold Stochastic Weakness 0.00%
Wide Bands Range Expansion -3.41%
Up 3 Days in a Row Strength -3.41%
Oversold Stochastic Weakness -3.41%
Slingshot Bearish Bearish Swing Setup -2.09%
Wide Bands Range Expansion -2.09%
Oversold Stochastic Weakness -2.09%

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Profile

Myers Industries, Inc. Description

Myers Industries, Inc. engages in the manufacture and sale of polymer products for industrial, agricultural, automotive, commercial, and consumer markets worldwide. The company's Material Handling segment provides plastic reusable material handling containers, pallets, and bins, as well as metal shelving, cabinet, and racking systems primarily under the Buckhorn and Akro-Mils brand names for automotive, appliance, general industrial/manufacturing, retail distribution, agriculture, food processing, healthcare, bakery, electronics, textiles, consumer, and other markets. Its Lawn and Garden segment offers injection-molded and thermoformed pots, hanging baskets, flats and carry trays, plug trays, nursery containers, propagation sheets, decorative resin planters, window boxes, urns, specialty and plastic patio pots, seed starting kits, and other garden accessories, as well as watering cans and other related items. This segment markets its products to professional growers, greenhouses, nurseries, retail garden centers, mass merchandisers, and consumers under the brand names of Dillen, ITML, Pro Cal, Listo, Planters' Pride, and Akro-Mils Lawn & Garden. The company's Engineered Products segment provides plastic and rubber original equipment and replacement parts, rubber tire repair and retread products, and custom plastic and rubber products for automotive, recreational vehicle, recreational marine, construction and agriculture equipment, healthcare, and transportation markets under the Ameri-Kart, Patch Rubber, and WEK brands. Its Distribution segment distributes equipment, tools, and supplies that are used for tire servicing and automotive undervehicle repair under the Myers Tire Supply and Myers Tire Supply International brands. This segment serves retail and truck tire dealers, commercial auto and truck fleets, auto dealers, general service and repair centers, tire retreaders, and government agencies. The company was founded in 1933 and is headquartered in Akron, Ohio.


Classification

Sector: Consumer Cyclical
Industry: Rubber & Plastics
Keywords: Electronics Textiles Organic Compounds Rubber Food Processing Bakery Engineered Products Tire Greenhouse Retail Distribution Transportation Market Rubber Products Planters Natural Rubber Agriculture Equipment

Is MYE 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 23.63
52 Week Low 15.4314
Average Volume 336,049
200-Day Moving Average 18.87
50-Day Moving Average 21.08
20-Day Moving Average 19.87
10-Day Moving Average 17.58
Average True Range 0.72
RSI (14) 27.01
ADX 36.53
+DI 15.74
-DI 46.48
Chandelier Exit (Long, 3 ATRs) 20.88
Chandelier Exit (Short, 3 ATRs) 18.16
Upper Bollinger Bands 25.22
Lower Bollinger Band 14.51
Percent B (%b) 0.18
BandWidth 53.91
MACD Line -1.44
MACD Signal Line -0.99
MACD Histogram -0.4458
Fundamentals Value
Market Cap 604.89 Million
Num Shares 36.8 Million
EPS 1.34
Price-to-Earnings (P/E) Ratio 12.25
Price-to-Sales 0.85
Price-to-Book 2.51
PEG Ratio 14.87
Dividend 0.54
Dividend Yield 3.29%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 17.38
Resistance 3 (R3) 17.48 17.26 17.22
Resistance 2 (R2) 17.26 17.01 17.21 17.17
Resistance 1 (R1) 16.84 16.86 16.73 16.74 17.12
Pivot Point 16.61 16.61 16.56 16.57 16.61
Support 1 (S1) 16.20 16.37 16.08 16.10 15.72
Support 2 (S2) 15.97 16.22 15.92 15.67
Support 3 (S3) 15.55 15.97 15.62
Support 4 (S4) 15.46