Is Mohawk Industries, Inc. ($MHK) Set To Blow Up? (2019-10-17)

REPORTING FOR 2019-10-17 | LOGISTICS-BUSINESS-REVIEW.COM: We have done an in-depth analysis of how MHK has been trading over the last 2 weeks and the past day especially. On its latest session, Mohawk Industries, Inc. ($MHK) opened at 125.45, reaching a high of 127.29 and a low of 125.14 before closing at a price of 125.55. There was a total volume of 545962.

VOLUME INDICATORS FOR MOHAWK INDUSTRIES, INC. ($MHK): We saw an accumulation-distribution index of 315.59398, an on-balance volume of -125.01, chaikin money flow of 1.33696 and a force index of 10.0302. There was an ease of movement rating of 0.03133, a volume-price trend of -4.87421 and a negative volume index of 1000.0.

VOLATILITY INDICATORS FOR MOHAWK INDUSTRIES, INC. ($MHK): We noted an average true range of 2.35534, bolinger bands of 126.8313, an upper bollinger band of 121.5987, lower bollinger band of 125.14, a bollinger high band indicator of 1.0, bollinger low band indicator of 1.0, a central keltner channel of 125.96, high band keltner channel of 124.12, low band keltner channel of 127.8, a high band keltner channel indicator of 1.0 and a low band keltner channel indicator of 1.0. There was a donchian channel high band of 125.14, a donchian channel low band of 125.14, a donchian channel high band indicator of 1.0, and a donchian channel low band indicator of 1.0.

TREND INDICATORS FOR MOHAWK INDUSTRIES, INC. ($MHK): We calculated a Moving Average Convergence Divergence (MACD) of -0.04151, a MACD signal of -0.02306, a MACD difference of -0.01845, a fast Exponential Moving Average (EMA) indicator of 125.14, a slow Exponential Moving Average (EMA) indicator of 125.14, an Average Directional Movement Index (ADX) of unknown, an ADX positive of 20.0, an ADX negative of 20.0, a positive Vortex Indicator (VI) of 1.0, a negative VI of 1.0, a trend vortex difference of 0.93173, a trix of -0.81166, a Mass Index (MI) of 1.0, a Commodity Channel Index (CCI) of -66.66667, a Detrended Price Oscillator (DPO) of 5.26292, a KST Oscillator (KST) of -40.35894 and a KST Oscillator (KST Signal) of -40.35894 (leaving a KST difference of -3.5467). We also found an Ichimoku rating of 126.37, an Ichimoku B rating of 126.37, a Ichimoku visual trend A of 131.14984, an Ichimoku visual trend B of 127.54795, an Aroon Indicator (AI) up of 4.0 and an AI indicator down of 4.0. That left a difference of -4.0.

MOMENTUM INDICATORS FOR MOHAWK INDUSTRIES, INC. ($MHK): We found a Relative Strength Index (RSI) of 50.0, a Money Flow Index (MFI) of 25.12379, a True Strength Index (TSI) of -100.0, an ultimate oscillator of -69.0669, a stochastic oscillator of 116.84783, a stochastic oscillator signal of 116.84783, a Williams %R rating of 16.84783 and an awesome oscillator of -0.39533.

RETURNS FOR MOHAWK INDUSTRIES, INC. ($MHK): There was a daily return of -4.03589, a daily log return of -1.48938 and a cumulative return of -1.47834.

What the heck does all of this mean? If you are new to technical analysis, the above may be gibberish to you, and that’s OK (though we do advise learning these things). The bottom line is that AS OF 2019-10-17 (if you are reading this later, the analysis will be out of date), here is what our deep analysis of technical indicators are telling us for Mohawk Industries, Inc. ($MHK)…

DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling Mohawk Industries, Inc. ($MHK) based solely on our analysis above, and are not responsible for any losses that you may incur if you choose make any investment decisions based on the above.

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