When the Price of Mohawk Industries $MHK Talks, People Listen

Longer Term Trading Plans for MHK
  • Buy MHK slightly over 84.64 target 98.85 stop loss @ 84.4 Details
  • The technical summary data tells us to buy MHK near 84.64 with an upside target of 98.85. This data also tells us to set a stop loss @ 84.4 to protect against excessive loss in case the stock begins to move against the trade. 84.64 is the first level of support below 98.485 , and by rule, any test of support is a buy signal. In this case, support 84.64 would be being tested, so a buy signal would exist.

  • Short MHK slightly under 98.85, target 84.64, stop loss @ 99.14 Details
  • The technical summary data is suggesting a short of MHK as it gets near 98.85 with a downside target of 84.64. We should have a stop loss in place at 99.14though. 98.85 is the first level of resistance above 98.485, and by rule, any test of resistance is a short signal. In this case, if resistance 98.85 is being tested, so a short signal would exist.

Swing Trading Plans for MHK
  • Buy MHK slightly over 98.85, target 100.11, Stop Loss @ 98.56 Details
  • If 98.85 begins to break higher, the technical summary data tells us to buy MHK just slightly over 98.85, with an upside target of 100.11. The data also tells us to set a stop loss @ 98.56 in case the stock turns against the trade. 98.85 is the first level of resistance above 98.485, and by rule, any break above resistance is a buy signal. In this case, 98.85, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short MHK slightly near 98.85, target 94.49, Stop Loss @ 99.14. Details
  • The technical summary data is suggesting a short of MHK if it tests 98.85 with a downside target of 94.49. We should have a stop loss in place at 99.14 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 98.85, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for MHK
  • Buy MHK slightly over 98.88, target 100.11, Stop Loss @ 98.65 Details
  • If 98.88 begins to break higher, the technical summary data tells us to buy MHK just slightly over 98.88, with an upside target of 100.11. The data also tells us to set a stop loss @ 98.65 in case the stock turns against the trade. 98.88 is the first level of resistance above 98.485, and by rule, any break above resistance is a buy signal. In this case, 98.88, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short MHK slightly near 98.88, target 94.49, Stop Loss @ 99.11. Details
  • The technical summary data is suggesting a short of MHK if it tests 98.88 with a downside target of 94.49. We should have a stop loss in place at 99.11 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 98.88, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

This is a snapshot. Real Time Updates are available on our MHK Page.

MHK Ratings for April 17:

Term →Near Mid Long
Rating Weak Neutral Weak
P1 0 0 84.64
P2 98.88 94.49 98.85
P3 102.81 100.11 113.82
Triggers may have already come
Get Real Time Triggers Here
Support and Resistance Plot Chart for MHK

MHK Long Term Analysis for April 17 2023

Blue = Current Price
Red= Resistance
Green = Support

Real Time Updates for Repeat Institutional Readers:
Instructions:
  • Click the Get Real Time Updates button below.

  • In the login prompt, select forgot username

  • Type the email you use for Factset

  • Use the user/pass you receive to login

  • You will have 24/7 access to real time updates.

From then on you can just click to get the real time update whenever you want.

GET REAL TIME UPDATES

Our Market Crash Leading Indicator isEvitar Corte.
  • Evitar Corte warned of market crash risk four times since 2000.

  • It identified the Internet Debacle before it happened.

  • It identified the Credit Crisis before it happened.

  • It identified the Corona Crash too.

  • See what Evitar Corte is Saying Now.

Get Notified When our Ratings Change:Take a Trial

This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of Mohawk Industries (NYSE: MHK) tells an important story.  The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity.  The data below for MHK can be used as an example, and demonstrate how to do this for other stocks too.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports

tradethepoolpool ads