MEI NYSE |
Methode Electronics Inc • Electronic Components |
Thu 10 Apr, close | |
Breakdown tradeWATCH for breakdown below 5.4
Target: 4.37, 23.7% Cover: 6.17 Loss: 7.7%
P/L ratio: 3.1 : 1 - Excellent
Default chart
Quote 5.73 -0.23,-3.9% L 5.5 O 5.75 H 5.87 Volume 624.9k +43.8% typical 52 Wk 5.3 to 14 Earnings recent Mar 05 aMkt Link PEG na P/E na Short 6.07%Div 7.33% EPS -2.59Mkt Cap 204.51M |
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https://stockconsultant.com/?MEI
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Top ˄Thu 10 Apr, close
8 Month Detailed Chart
100%
Scale +/-0(min) to 10(max)
QUOTE
5.73, -0.23 pts (-3.9%), Thu 10 Apr, close
down from yesterday's close.
Today's
L 5.5 O 5.75 H 5.87Typical price range:
5.73 to
6.19 ± 0.235 pts, ± 4.1%
Extreme price range (85% of time)
5.49 to
6.43 ± 0.47 pts, ± 8.2%
VOLUME
624.9k shares, +43.8% compared to typical daily volume over the past 6 months.
Typical daily volume is 434.59k shares over the past 6 months.
RALLIES/PULLBACKS** Current price area
Typical: 1.49 pts (26%) occurs 25% of the time.
Extreme: 1.93 pts (33.7%) occurs 5% of the time.
A summary of bullish and bearish indicators. | |
BULLISH
[Positioning] Oversold, odds favor long trades.
[Positioning] Intermediate trend bullish, Downtrend turned sideways, possible bottom.
[Positioning] at support
[Timing] Mild bullish 3 day candlestick pattern with Strong 3 day accumulation.
BEARISH
[Timing] breakdown watch below 5.4, no support in area just below.
Indicators for positioning trade entry and exits.
1 DAY PRICE CHANGE
down (-0.23 pts, -3.9%) from yesterday's close.
SHORT TERM DIRECTION
OVERBOUGHT/SOLD
Oversold, odds favor long trades.
1 MONTH TREND
INTERMEDIATE TREND** Past 4 months
bullish, Downtrend turned sideways, possible bottom.
SUPPORT/RESISTANCE
5.73, at support,
5.64 ± 0.231
type single,
strength 8
Support Below : None.
Resistance Above : +11.5% at
6.39 ± 0.262
type single,
strength 8
Indicators for timing trade entry and exits.
Over 120 three day candlestick chart patterns analyzed.
3 DAY CANDLESTICK
Mild bullish 3 day candlestick pattern.
Strong 3 day accumulation, occurs 20% of the time.
Days Back
Strong Bullish
Mild Bullish
Neutral
Mild Bearish
Strong Bearish
0
5
10
15
25
3 Day Candlestick (over last 25 days)
3 Day Candlestick (2 day avg)
MONEYFLOW
Strong Neutral 1 day moneyflow,
stalemate between bulls and bears, occurs 20% of the time.
BREAKOUT
None.
BREAKDOWN
WATCH for possible breakdown below 5.4, no support in area just below.
Type: Continuation breakdown from single support.
Target:
4.37, 23.7% Cover: 6.17
Loss: 7.7%
P/L ratio: 3.1 : 1 - Excellent
Support and Resistance Areas
Over the past 8 months.
Type/Strength Help
CURRENT PRICE
5.73, at support,
5.64 ± 0.231
type single,
strength 8
SUPPORT BELOW
None.
RESISTANCE ABOVE
+11.5% at 6.39 ± 0.262 type single,
strength 8
+18.9% at 6.81 ± 0.279 type single,
strength 1
+56% at 8.94 ± 0.367 type double,
strength 9
...
60%
Trade Quality
Long
TARGET 1
Price:
6.81 Profit:
18.8% (Typical rally)
Stop/Trailing Stop: 5.31 Loss: 7.3%
P/L Ratio: 2.6 : 1 - Good
POTENTIAL
Good, there are 1 resistance areas on the way to Target 1.
When there are few resistance areas, stocks may quickly rise to targets.
TARGET 1 RESISTANCE
+11.5% at
6.39 ± 0.262
type single,
strength 8
+18.8% at 6.81 is Target 1
TARGET 2
Price:
7.42 Profit:
29.5% P/L Ratio: 4 : 1 - Excellent
(Extreme rally)
Breakout trade indicators.
Breakout Tip
BREAKOUT
None.
0%
Trade Quality
Short
TARGET 1
Price:
5.24 Profit:
8.6% (Typical pullback)
Cover/Trailing Cover: 6.17 Loss: 7.7%
P/L Ratio: 1.1 : 1 - Poor
POTENTIAL
Excellent, there are 1 support areas on the way to Target 1.
When there are few support areas, stocks may quickly fall to targets.
TARGET 1 SUPPORT
Current price at support:
5.64 ± 0.231
type single,
strength 8
-8.6% at 5.24 is Target 1
TARGET 2
Price:
4.75 Profit:
17.1% P/L Ratio: 2.2 : 1 - Fair
(Extreme pullback)
Breakdown trade indicators.
BREAKDOWN
WATCH for possible breakdown below 5.4, no support in area just below.
Type: Continuation breakdown from single support.
Target:
4.37, 23.7% Cover: 6.17
Loss: 7.7%
P/L ratio: 3.1 : 1 - Excellent