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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 MTZ
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MasTec Inc stock downgraded from Buy Candidate to Hold/Accumulate after Monday trading session.
(Updated on Mar 18, 2024)

Buy or Hold candidate since Feb 22, 2024 Gain 19.60% PDF

The MasTec Inc stock price gained 2.31% on the last trading day (Monday, 18th Mar 2024), rising from $84.41 to $86.36. During the last trading day the stock fluctuated 2.18% from a day low at $84.71 to a day high of $86.56. The price has been going up and down for this period, and there has been a -1.51% loss 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, 163 thousand more shares were traded than the day before. In total, 767 thousand shares were bought and sold for approximately $66.21 million.

The stock lies in the middle of a very 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 19.31% during the next 3 months and, with a 90% probability hold a price between $87.28 and $112.03 at the end of this 3-month period.

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MTZ Signals & Forecast

The MasTec Inc stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $87.27. On a fall, the stock will find some support from the long-term average at approximately $76.48. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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. A sell signal was issued from a pivot top point on Friday, March 08, 2024, and so far it has fallen -6.52%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for MasTec Inc stock

MasTec Inc finds support from accumulated volume at $84.85 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $1.85 between high and low, or 2.18%. For the last week, the stock has had daily average volatility of 3.02%.

Our recommended stop-loss: $81.68 (-5.42%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 6 days ago.)

Trading Expectations (MTZ) For The Upcoming Trading Day Of Tuesday 19th

For the upcoming trading day on Tuesday, 19th we expect MasTec Inc to open at $85.88, and during the day (based on 14 day Average True Range), to move between $83.28 and $89.44, which gives a possible trading interval of +/-$3.08 (+/-3.57%) up or down from last closing price. If MasTec Inc takes out the full calculated possible swing range there will be an estimated 7.14% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $87.68 (1.53%) than the support at $84.85 (1.75%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is MasTec Inc stock A Buy?

MasTec Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.093 Hold/Accumulate Downgraded

Predicted Opening Price for MasTec Inc of Tuesday, March 19, 2024

Fair opening price March 19, 2024 Current price
$85.88 ( 0.561%) $86.36

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

Trading levels for MTZ

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 87.72 1.58 %
R2 87.02 0.761 %
R1 86.58 0.256 %
Current price: 86.36
Support S1 85.17 -1.38 %
S2 84.73 -1.88 %
S3 84.03 -2.70 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 88.62 2.62 %
R2 88.54 2.52 %
R1 87.68 1.53 %
Current price 86.36
Support S1 84.85 -1.75%
S2 75.46 -12.62%
S3 66.29 -23.24%

MTZ Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Aug 04, 1982 Aug 04, 1982 Aug 04, 1982 $0.200 4.24%

FAQ

What is the symbol for MasTec Inc Stock and on which exchange is it traded?
The symbol for MasTec Inc is MTZ and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell MasTec Inc Stock?
MasTec Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

How to buy MasTec Inc Stock?
MasTec 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 MasTec Inc Stock.

What's the current price of MasTec Inc Stock?
As of the end of day on the 2024-03-18, the price of an MasTec Inc (MTZ) share was $86.36.

What is the 52-week high and low for MasTec Inc Stock?
The 52-week high for MasTec Inc Stock is $123.33 and the 52-week low is $44.65.

What is the market capitalization of MasTec Inc Stock?
As of the 2024-03-18, the market capitalization of MasTec Inc is 6.847B.

When is the next earnings date for MasTec Inc?
The upcoming earnings date for MasTec Inc is May 02, 2024.
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About MasTec Inc

MasTec MasTec, Inc., an infrastructure construction company, provides engineering, building, installation, maintenance, and upgrade services for communications, energy, utility, and other infrastructure primarily in the United States and Canada. It operates through Communications, Clean Energy and Infrastructure, Oil and Gas, Power Delivery, and Other segments. The company builds underground and overhead distribution systems, including trenches, conduit... MTZ Profile

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