MEC NEWS why is Mayville Engineering Company Inc price falling or rising

MEC NEWS reasons for why stock price of Mayville Engineering Company Inc is falling or rising

MEC Mayville Engineering is falling or rising technical reasons

Technical analysis forecast for Mayville Engineering Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Mayville Engineering MEC at this time. Stock is falling and might fall more.

It appears as if Mayville Engineering MEC gave a large move recently.

Stock of Mayville Engineering (MEC) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Mayville Engineering is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 15.8 as stoploss in an intra day buy trade for a target of 17.71. However, stock will show a bearish move below 15.8.

MEC Mayville Engineering is falling or rising NEWS fundamental reasons

More announcements and NEWS

MEC Mayville Engineering Company Inc current price & indicator signals

Moving Averages for Mayville Engineering Company Inc

  • 5Day Average: 16.69
  • 12Day Average: 16.87
  • 20Day Average: 17.96
  • 50Day Average: 19.43
  • 100Day Average: 19.11
  • 150Day Average: 18.05
  • 200Day Average: 16.87

MEC Indicators & signals

Indicator MACD (12,26,9)

17.13, 18.03, -0.86
Indicator MACD is in negative zone

Indicator ADX (14)

20, 19.78, 29.67
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 47
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of MEC Mayville Engineering Company Inc are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
26 Tue Nov 2024 16.64 16.53 to 16.95 -1.83% 0.62 times
25 Mon Nov 2024 16.95 16.95 to 17.52 -0.24% 0.54 times
22 Fri Nov 2024 16.99 16.68 to 17.03 2.6% 0.55 times
21 Thu Nov 2024 16.56 16.24 to 16.65 1.47% 0.74 times
20 Wed Nov 2024 16.32 16.24 to 16.66 -2.04% 1.17 times
19 Tue Nov 2024 16.66 16.23 to 16.89 1.4% 0.65 times
18 Mon Nov 2024 16.43 16.40 to 17.23 -2.26% 0.99 times
15 Fri Nov 2024 16.81 16.80 to 17.35 -2.38% 0.87 times
14 Thu Nov 2024 17.22 17.02 to 17.73 -1.99% 1.5 times
13 Wed Nov 2024 17.57 17.28 to 18.05 1.8% 1.34 times
12 Tue Nov 2024 17.26 16.85 to 17.64 1.29% 1.66 times
11 Mon Nov 2024 17.04 16.61 to 17.45 -0.64% 1.78 times

Videos related to: MEC NEWS why is Mayville Engineering Company Inc price falling or rising

Videos related to: MEC NEWS why is Mayville Engineering Company Inc price falling or rising

Hindi Basics How To Trade In FnO Futures Options Stock Market

MEC NEWS why is Mayville Engineering Company Inc price falling or rising

 

Back to top