Country Icon

Methode Electronics, Inc. (MEI) - Buy, Sell or Hold?

Sector: Capital Goods   Sub-Sector: Electrical Products
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Fri, 17 Nov 2017Bullish EngulfingBearish EngulfingWed, 01 Nov 20171.29%
***Stock database and scans are updated around midnight (New York time) every trading day.
47.25 0.00 (0%) Nov 17 4:00pm EDT
Open: 46.15 Range: 46.05 - 47.35 Vol: 136.94K Avg Vol: 205.85K
EPS: 2.46 P/E ratio: 19.07 EBITDA: 150.80M Mkt Cap: 1.73B
Analyze "MEI" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Up
Last Trade is above the 5 day moving average at 46.64
Medium Term: Trend is Up
Last Trade is above the 20 day moving average at 46.39
Last Trade is above the 50 day moving average at 44.06
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 42.09
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of MEI

Stock Trend Analysis - Buy, Sell or Hold "Methode Electronics, Inc." (MEI)?

MEI is in a very strong uptrend. In the last 52 weeks, MEI has been trading above the 200 day moving average for 80% of the time with an average daily volume of 205.8K shares being traded. The 50 day moving average, currently at 44.06, although still maintaining a bullish inclination, is however exhibiting characteristics of a medium term trading range. As the dominant long term trend is still up strongly, the high probability trade is still buying the dips. The 20 day moving average confirms this view as the underlying strength in MEI is still very strong with price maintaining above the 20 SMA for 87.5% of the time in the last month of trading. Traders however need to be cognizant of the fact that some retracement may set in as many may use the strength in price to lock in profits. Traders who are thinking of going long MEI shares should consider patiently waiting for price to be near the 50 or 200 SMAs, currently at 44.06 and 42.09 respectively. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "MEI".

The analyst consensus estimates for the 1 year price target for this stock is $47.00* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Fri, 17 Nov 2017
Capital Goods Stocks Above 200 Day Moving-Average
TickerNameTrend AnalysisSupport/Resistance
ESLTElbit Systems Ltd.Buy, Sell or HoldTrading Levels & Pivots
OFLXOmega Flex, Inc.Buy, Sell or HoldTrading Levels & Pivots
ARIIAmerican Railcar Industries, Inc.Buy, Sell or HoldTrading Levels & Pivots
TAYDTaylor Devices, Inc.Buy, Sell or HoldTrading Levels & Pivots
RFILRF Industries, Ltd.Buy, Sell or HoldTrading Levels & Pivots
HBIOHarvard Bioscience, Inc.Buy, Sell or HoldTrading Levels & Pivots
SPARSpartan Motors, Inc.Buy, Sell or HoldTrading Levels & Pivots
SORLSORL Auto Parts, Inc.Buy, Sell or HoldTrading Levels & Pivots
FTEKFuel Tech, Inc.Buy, Sell or HoldTrading Levels & Pivots
FLDMFluidigm CorporationBuy, Sell or HoldTrading Levels & Pivots