Question 1

What implications does the 10-day RSI indicator have for MEC?

Accepted Answer

The 10-day RSI Indicator for MEC moved out of overbought territory on July 30, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 31 similar instances where the indicator moved out of overbought territory. In 22 of the 31 cases, the stock moved lower in the following days. This puts the odds of a move lower at 0%.

Question 2

What does the Stochastic Oscillator suggest about MEC's trend?

Accepted Answer

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 6 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Question 3

How did MEC's Momentum indicator behave recently?

Accepted Answer

MEC saw its Momentum Indicator move above the 0 level on August 15, 2024. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 111 similar instances where the indicator turned positive. In 90 of the 111 cases, the stock moved higher in the following days. The odds of a move higher are at 0%.

Question 4

What does MACD indicator imply for MEC?

Accepted Answer

The Moving Average Convergence Divergence (MACD) for MEC just turned positive on August 15, 2024. Looking at past instances where MEC's MACD turned positive, the stock continued to rise in 42 of 53 cases over the following month. The odds of a continued upward trend are 0%.

Question 5

What is the significance of the 50-day moving average indicator for MEC?

Accepted Answer

MEC moved above its 50-day moving average on August 07, 2024 date and that indicates a change from a downward trend to an upward trend.

Question 6

What does a 3-day price advance indicate for MEC?

Accepted Answer

Following a +3.72% 3-day Advance, the price is estimated to grow further. Considering data from situations where MEC advanced for three days, in 229 of 299 cases, the price rose further within the following month. The odds of a continued upward trend are 0%.

Question 7

What does a 3-day decline signify for MEC's future price movement?

Accepted Answer

Following a 3-day decline, the stock is projected to fall further. Considering past instances where MEC declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 0%.

Question 8

What does MEC breaking above its upper Bollinger Band indicate?

Accepted Answer

MEC may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Question 9

How does the Aroon Indicator reflect on MEC's trend?

Accepted Answer

The Aroon Indicator entered an Uptrend today. In 138 of 180 cases where MEC Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 0%.

MEC Stock Mayville Engineering (MEC, $16.03) entered Uptrend as Momentum indicator ascends above 0 level on May 28, 2024

Momentum Indicator for MEC turns positive, indicating new upward trend

General Information