Technical analysis from Mohawk Industries (MHK, NYSE:MHK) on the New York Stock Exchange (NYSE). Download the latest price data & trading signals

Mohawk Industries
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Mohawk Industries: Buyers have lost control.
Open Tod Vs Close Tod /
Mohawk Industries: Buyers have lost control.

[BEARISH]: Mohawk Industries opened in the lower part of daily range at 24.8% & closed in the lower part of the trading range at 9.8%. This suggests the buyers have lost control. Over the last 12 months there has been 6 trading days with the opening price in the lower shadow & the closing the price in the lower shadow giving a confirmation ratio of 15%. Over the last month there has been 2 trading days with the opening price in the lower price range & the closing the price in the lower price range giving a confirmation ratio of 15.4%.

MHK: Short term trend is still an Downtrend
Short Trend /
MHK: Short term trend is still an Downtrend

[BEARISH]: Mohawk Industries is in a downtrend in the short term timeframe. The sellers have dominated the daily trade, however further confirmation is required before taking a position

Rate of Change /
Negative ROC for Mohawk Industries is a leading indicator for continued price fall

[BEARISH]: Mohawk Industries currently has negative rate of change of -12.3%. This means the current price is less than the price 14 days ago and therefore losing momentum & is a leading indicator of price movement in the downward direction

Elders Force Index /
Recent trading highlights continued selling pressure is present for MHK

[BEARISH]: Mohawk Industries current price has highlighted recent selling pressure. Currently, the Elders Force Index is -2.4603e+006.

Stochastic Oscillator /
Stochastic oversold signal continues for Mohawk Industries indicating upward price movement is likely

[BULLISH]: Mohawk Industries is currently Oversold highlighting the potential for a short term trend reversal in the upward direction.

Fibonacci Extensions /
[Short]: Limit orders for Mohawk Industries should be set at $92

Mohawk Industries has moved above the 161.8% level ($92) [Bearish]. Look for a short limit order entry near this point. Exit price for MHK should be set @$80.08 & short position stoploss for Mohawk Industries should be set at $103.92

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Percentage Volume /
Mohawk Industries: Percentage Volume Oscillator @10.2 [Bullish]

[BULLISH]: Mohawk Industries currently has positive PVO 10.2%. The recent volume is gaining momentum through a rise on the short term exponential moving average. Currently, the return on PVO is -2.9%.

[Downtrend]: Average True Range @6.094 has confirmed an downtrend for MHK
Average True Range /
[Downtrend]: Average True Range @6.094 has confirmed an downtrend for MHK

[Bearish]: Average True Range has confirmed an downtrend is present. Mohawk Industries has a TR of 3.99, and an ATR(14) of 6.094.

Mohawk Industries: Momentum(5)
Momentum /
Mohawk Industries: Momentum(5)

[BEARISH]: Mohawk Industries currently has negative momentum of -4.88 This means the current price is less than the price 5 days ago and therefore losing momentum. Currently, the return on momentum is -0.3%.The largest downward momentum rally for the last 3 months is 2 days producing a return of -1.3%%.

Williams %R /
William %R for MHK is still below the oversold limit signalling a bullish movement

MHK: William %R Current Signal -> (1) 21 Feb: BULLISH (2) 20 Feb: BULLISH CROSSOVER (3) 21 Feb: NEUTRAL

Opening Price /
MHK opening price of $247 (-1.2 %)

[BEARISH]: Mohawk Industries opening price has gapped down. Currently, the OPEN is $247 (-1.2 %).

Triangular Moving Average /
Price continues to trade below the Triangular Moving Average(5) for MHK

[BEARISH]: Mohawk Industries currently has a confirmed downtrend. Recent trading has caused the TMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on TMA5 is -0.3%.

MHK: Average Directional Index has confirmed a strong trend @46.75
Average Directional Movement /
MHK: Average Directional Index has confirmed a strong trend @46.75

[Trend]: ADX for MHK has confirmed a strong trend is presentMohawk Industries has an ATR(14) of 6.094, a DX of 54.34 & an ADX(14) of 46.75

Limit order for a long position has been identified for Mohawk Industries [Bullish]
Woodie Pivot Point /
Limit order for a long position has been identified for Mohawk Industries [Bullish]

Mohawk Industries has broken the first Woodie resistance point ($248.394) [Bullish]. Look for a long limit order entry near this point. Exit price for MHK should be set @$251.192 & Stoploss for Mohawk Industries should be set at $243.212

Volume Rate of Change /
Mohawk Industries has initiated a negative volume rate of change of -10

MHK: VROC Current Signal -> (1) 21 Feb: BEARISH CROSSOVER (2) 20 Feb: BULLISH CROSSOVER (3) 21 Feb: BEARISH

Elder Ray Index /
Bear power has increased for Mohawk Industries signalling bearish conditions are likely

MHK: Elder Ray Index Current Signal -> (1) 21 Feb: BEARISH (2) 20 Feb: BEARISH (3) 21 Feb: BULLISH

Ease of Movement /
Price was easily moved downward in recent trading on low volume causing an downtrend in price for MHK

MHK: EOM Current Signal -> (1) 21 Feb: BEARISH EASY (2) 20 Feb: BEARISH EASY (3) 21 Feb: BULLISH HARD

MHK has achieved a lower low of $246.01 (-0.3 %)
Low Price /
MHK has achieved a lower low of $246.01 (-0.3 %)

[BULLISH]: Mohawk Industries current downtrend in the first timeframe. Currently, the Low is $246.01 (-0.3 %).

Recent trading for Mohawk Industries fell short of the previous close by -0.3 %
Closing Price /
Recent trading for Mohawk Industries fell short of the previous close by -0.3 %

[BEARISH]: Mohawk Industries current downtrend in the first timeframe. Currently, the Close is $246.4.

[Downtrend]: Recent trading for MHK indicates ST trend is likely to continue
Simple Moving Average /
[Downtrend]: Recent trading for MHK indicates ST trend is likely to continue

MHK: SMA(5) Current Signal -> (1) 21 Feb: BULLISH (2) 20 Feb: BULLISH CROSSOVER (3) 21 Feb: BULLISH

Demarks Pivot Points /
Mohawk Industries has moved above the R1 DeMark pivot point ($247.105) [Bullish]

Mohawk Industries has broken the first DeMark resistance point ($247.105) [Bullish]. Look for a long limit order entry near this point. Exit price for MHK should be set @$248.2 & Stoploss for Mohawk Industries should be set at $244.21

Chaikin Money Flow /
Mohawk Industries continues negative divergence & potential shift in direction

MHK: Chaikin Oscillator Recent Trading -> (1) 21 Feb: -0.11 (2) 20 Feb: -0.08 (3) 21 Feb: -0.02

Daily Volume Index /
DVI: Distribution still active for Mohawk Industries

[BEARISH]: Mohawk Industries current distribution has given weakness to the share price and the continuation of bearish trading conditions.

Exponential Moving Average /
The EMA trend following signal is still current for Mohawk Industries [Bearish]

[BEARISH]: Mohawk Industries currently has a confirmed downtrend. Recent trading has caused the EMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on EMA5 is -0.3%.

[Bearish]: Displaced moving average is currently above the price for MHK
Detrended Price Oscillator /
[Bearish]: Displaced moving average is currently above the price for MHK

[BEARISH]: Mohawk Industries currently has a confirmed downtrend. Price is currently below the displaced moving average for MHKCurrently, the return on DPO20 is -0.3%.

Mohawk Industries: Volume MACD (-83063)
MACD Volume /
Mohawk Industries: Volume MACD (-83063)

[BEARISH]: Mohawk Industries currently has negative Volume MACD of -83063. This means the signal line is less than the Volume MACD line signalling a bearish movement.

MACD /
The MACD for MHK is losing momentum through a fall on the short term EMA

[BEARISH]: Mohawk Industries currently has negative MACD of -1.666000. This means the signal line is less than the MACD line signalling a bearish movement. Currently, the return on MACD is -2.9%.

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