MASTEC INC.

- USD (-)

- 15 min delayed data - NYSE Stocks

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Change:	-
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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%

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

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:

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.

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:

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:

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:

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:

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
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
Standard	63.61	63.81	64.15	64.36	64.70	64.90	65.24
Camarilla	64.34	64.39	64.44	64.49	64.54	64.59	64.64
Woodie	63.67	63.84	64.22	64.39	64.76	64.93	65.31
Fibonacci	63.81	64.02	64.15	64.36	64.56	64.69	64.90

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	57.37	58.97	61.87	63.47	66.37	67.97	70.87
Camarilla	63.53	63.95	64.36	64.77	65.18	65.60	66.01
Woodie	58.02	59.30	62.52	63.80	67.02	68.30	71.52
Fibonacci	58.97	60.69	61.75	63.47	65.19	66.25	67.97

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	48.12	54.71	60.54	67.13	72.96	79.55	85.38
Camarilla	62.97	64.10	65.24	66.38	67.52	68.66	69.80
Woodie	47.75	54.52	60.17	66.94	72.59	79.36	85.01
Fibonacci	54.71	59.45	62.38	67.13	71.87	74.80	79.55

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%

News

Don"t forget to follow the news on MASTEC INC.. At the time of publication of this analysis, the latest news was as follows:

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

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