RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of MLI
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Green day on Monday for Mueller Industries Inc stock after gaining 3.13%
(Updated on Feb 26, 2024)


Buy candidate since Feb 23, 2024 Gain 3.13% PDF
The Mueller Industries Inc stock price gained 3.13% on the last trading day (Monday, 26th Feb 2024), rising from $49.14 to $50.68. During the last trading day the stock fluctuated 3.35% from a day low at $49.12 to a day high of $50.77. The price has been going up and down for this period, and there has been a 2.22% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 152 thousand more shares were traded than the day before. In total, 558 thousand shares were bought and sold for approximately $28.27 million.

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The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 17.33% during the next 3 months and, with a 90% probability hold a price between $56.20 and $62.46 at the end of this 3-month period.

MLI Signals & Forecast

The Mueller Industries Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $49.21 and $47.91. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, February 22, 2024, and so far it has risen 6.38%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

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Support, Risk & Stop-loss for Mueller Industries Inc stock

Mueller Industries Inc finds support from accumulated volume at $49.22 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $1.65 between high and low, or 3.35%. For the last week the stock has had daily average volatility of 2.39%.

Our recommended stop-loss: $48.75 (-3.80%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)

Trading Expectations (MLI) For The Upcoming Trading Day Of Tuesday 27th

For the upcoming trading day on Tuesday, 27th we expect Mueller Industries Inc to open at $50.19, and during the day (based on 14 day Average True Range), to move between $49.40 and $51.96, which gives a possible trading interval of +/-$1.28 (+/-2.52%) up or down from last closing price. If Mueller Industries Inc takes out the full calculated possible swing range there will be an estimated 5.04% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $49.22, some $1.46 (2.88%) from the current price of $50.68, our system finds the risk reward attractive.

Is Mueller Industries Inc stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Mueller Industries Inc stock to perform well in the short-term.

Current score: 4.317 Open Broker Account

Buy Candidate Unchanged

Predicted Opening Price for Mueller Industries Inc of Tuesday, February 27, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Fair opening price February 27, 2024 Current price
$50.19 ( 0.97%) $50.68

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Fibonacci Support & Resistance Levels

Level Price
Resistance R3 51.83 2.28 %
R2 51.20 1.04 %
R1 50.82 0.270 %
Current price: 50.68
Support S1 49.56 -2.21 %
S2 49.17 -2.98 %
S3 48.54 -4.22 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 50.68
Support S1 49.22 -2.88%
S2 48.00 -5.29%
S3 44.66 -11.88%
What is the symbol for Mueller Industries Inc Stock and on which exchange is it traded?
The symbol for Mueller Industries Inc is MLI and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Mueller Industries Inc Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Mueller Industries Inc stock to perform well in the short-term.

How to buy Mueller Industries Inc Stock?
Mueller Industries Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Mueller Industries Inc Stock.

What's the current price of Mueller Industries Inc Stock?
As of the end of day on the 2024-02-26, the price of an Mueller Industries Inc (MLI) share was $50.68.

What is the 52-week high and low for Mueller Industries Inc Stock?
The 52-week high for Mueller Industries Inc Stock is $91.93 and the 52-week low is $35.01.

What is the market capitalization of Mueller Industries Inc Stock?
As of the 2024-02-26, the market capitalization of Mueller Industries Inc is 5.753B.

When is the next earnings date for Mueller Industries Inc?
The upcoming earnings date for Mueller Industries Inc is Apr 23, 2024.

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About Mueller Industries Inc

Mueller Industries Mueller Industries, Inc. manufactures and sells copper, brass, aluminum, and plastic products in the United States, the United Kingdom, Canada, South Korea, the Middle East, China, and Mexico. It operates through three segments: Piping Systems, Industrial Metals, and Climate. The Piping Systems segment offers copper tubes, fittings, line sets, and pipe nipples; PEX plumbing and radiant systems; and plumbing-related fittings and plastic injection ... MLI Profile

MLI Dividend Data

2.78%

Dividend Yield (TTM)
Payout Ratio (TTM) 0
Frequency Quarterly
Amount Per Share $0.150
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