MOHAWK INDUSTRIES INC.

- USD (-)

- 15 min delayed data - NYSE Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
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High / Low range:	-

Type:	Stocks
Ticker:	MHK
ISIN:

MOHAWK INDUSTRIES INC. - Daily - Technical analysis published on 10/30/2019 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Bullish

Technical indicators

89%

11%

My opinion

Bullish above 141.63 USD

My targets

150.68 USD (+4.47%)

156.36 USD (+8.41%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on MOHAWK INDUSTRIES INC. as long as the price remains well above 141.63 USD. The buyers” bullish objective is set at 150.68 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 156.36 USD. If there is any crossing, the next objective would be the resistance located at 177.03 USD.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

FORCE

6.8

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Bastien Huneau. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

MOHAWK INDUSTRIES INC. rating 144.23 USD. On the day, this instrument lost -0.32% with the lowest point at 143.71 USD and the highest point at 144.80 USD. The deviation from the price is +0.36% for the low point and -0.39% for the high point.

143.71

144.80

144.23

A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.

Opening Gap DOWN

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of MOHAWK INDUSTRIES INC. indicates that the overall trend is bullish. 71.43% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator is overbought : over 80

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	118.97	129.08	141.63	144.23	150.68	156.36	177.03
Change (%)	-17.51%	-10.50%	-1.80%	-	+4.47%	+8.41%	+22.74%
Change	-25.26	-15.15	-2.60	-	+6.45	+12.13	+32.80
Level	Major	Major	Minor	-	Major	Major	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	142.37	143.34	144.02	144.99	145.67	146.64	149.33
Camarilla	144.24	144.39	144.54	144.69	144.84	144.99	145.14
Woodie	142.22	143.27	143.87	144.92	145.52	146.57	147.17
Fibonacci	143.34	143.97	144.36	144.99	145.62	146.01	146.64

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	109.14	117.15	130.64	138.65	152.14	160.15	173.64
Camarilla	138.22	140.19	142.16	144.13	146.10	148.07	150.04
Woodie	111.88	118.52	133.38	140.02	154.88	161.52	176.38
Fibonacci	117.15	125.36	130.44	138.65	146.86	151.94	160.15

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	97.97	105.50	114.79	122.32	131.60	139.13	148.42
Camarilla	119.45	120.99	122.53	124.07	125.61	127.15	128.69
Woodie	98.85	105.94	115.66	122.76	132.48	139.57	149.29
Fibonacci	105.50	111.93	115.90	122.32	128.74	132.71	139.13

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	79.06
MACD (12,26,9):	5.2400
Directional Movement:	34.78
AROON (14):	71.42
DEMA (21):	137.25
Parabolic SAR (0,02-0,02-0,2):	131.18
Elder Ray (13):	9.82
Super Trend (3,10):	133.98
Zig ZAG (10):	144.78
VORTEX (21):	1.2400
Stochastique (14,3,5):	91.85
TEMA (21):	141.58
Williams %R (14):	-10.01
Chande Momentum Oscillator (20):	20.27
Repulse (5,40,3):	2.5800
ROCnROLL:	1
TRIX (15,9):	0.2800
Courbe Coppock:	20.97

MA7:	134.89
MA20:	128.77
MA50:	123.54
MA100:	131.01
MAexp7:	137.23
MAexp20:	131.35
MAexp50:	127.57
MAexp100:	128.75
Price / MA7:	+6.92%
Price / MA20:	+12.01%
Price / MA50:	+16.75%
Price / MA100:	+10.09%
Price / MAexp7:	+5.10%
Price / MAexp20:	+9.81%
Price / MAexp50:	+13.06%
Price / MAexp100:	+12.02%

News

The latest news and videos published on MOHAWK INDUSTRIES INC. at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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