MASTEC INC.
MASTEC INC.
- USD (-)
- 15 min delayed data - NYSE Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: MTZ
ISIN:

MASTEC INC. - Daily - Technical analysis published on 12/30/2019 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Court terme: Bearish
De fond: Slightly bearish
Technical indicators
56%
0%
44%
My opinion
Bearish under 67.53 USD
My targets
60.04 USD (-5.83%)
54.72 USD (-14.18%)
My analysis
The basic trend is currently slightly bearish on MASTEC INC. and the short term does not seem to show any sign of improvement. Sellers are struggling to get their hands on this instrument. However, as long as the price remains below 67.53 USD, sales could be favoured. The first bearish objective would be located at 60.04 USD. Sellers would then use the next support located at 54.72 USD as an objective. Crossing it would then enable sellers to target 52.63 USD. A return to above the resistance at 67.53 USD could jeopardize this fragile bearish trend. Indecision would then be total and in this case you could keep away.

Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
FORCE
0
10
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

MASTEC INC. rating 63.76 USD. The price registered a decrease of -1.13% on the session with the lowest point at 63.49 USD and the highest point at 64.65 USD. The deviation from the price is +0.43% for the low point and -1.38% for the high point.

63.49
64.65
63.76

The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.

Central Gaps

Opening Gap UP

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The study of the highest / lowest by the Central Records scanner shows the following result:

Central Records

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this Daily chart of MASTEC INC. indicates that the overall trend is slightly bearish. 50% of the signals given by moving averages are bearish. The overall trend remains fragile, reflecting the slightly bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is under support 3

Type : Neutral

Timeframe : Daily


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Central Candlesticks

Doji

Type : Neutral

Timeframe : Daily




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 54.72 60.04 62.94 63.76 67.53 70.35 72.82
Change (%) -14.18% -5.83% -1.29% - +5.91% +10.34% +14.21%
Change -9.04 -3.72 -0.82 - +3.77 +6.59 +9.06
Level Major Major Major - Intermediate Intermediate Major



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard63.6163.8164.1564.3664.7064.9065.24
Camarilla64.3464.3964.4464.4964.5464.5964.64
Woodie63.6763.8464.2264.3964.7664.9365.31
Fibonacci63.8164.0264.1564.3664.5664.6964.90


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard57.3758.9761.8763.4766.3767.9770.87
Camarilla63.5363.9564.3664.7765.1865.6066.01
Woodie58.0259.3062.5263.8067.0268.3071.52
Fibonacci58.9760.6961.7563.4765.1966.2567.97


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard48.1254.7160.5467.1372.9679.5585.38
Camarilla62.9764.1065.2466.3867.5268.6669.80
Woodie47.7554.5260.1766.9472.5979.3685.01
Fibonacci54.7159.4562.3867.1371.8774.8079.55

Numerical data


The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Moving averages

RSI (14): 47.51
MACD (12,26,9): -0.5400
Directional Movement: -1.11
AROON (14): 64.28
DEMA (21): 63.01
Parabolic SAR (0,02-0,02-0,2): 61.48
Elder Ray (13): 0.38
Super Trend (3,10): 66.10
Zig ZAG (10): 63.76
VORTEX (21): 0.9200
Stochastique (14,3,5): 78.44
TEMA (21): 63.08
Williams %R (14): -29.27
Chande Momentum Oscillator (20): 2.92
Repulse (5,40,3): -1.1800
ROCnROLL: -1
TRIX (15,9): -0.2500
Courbe Coppock: 2.45
MA7: 64.12
MA20: 63.08
MA50: 66.18
MA100: 64.65
MAexp7: 63.89
MAexp20: 63.94
MAexp50: 64.66
MAexp100: 62.94
Price / MA7: -0.56%
Price / MA20: +1.08%
Price / MA50: -3.66%
Price / MA100: -1.38%
Price / MAexp7: -0.20%
Price / MAexp20: -0.28%
Price / MAexp50: -1.39%
Price / MAexp100: +1.30%

This member declared not having a position on this financial instrument or a related financial instrument.

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