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Home Furnishings Industry Stocks Technical Analysis - MHKArchive
- 10/9/2026 -
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Mohawk Industries (MHK) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the Mohawk Industries (MHK). During the week, the MHK dropped -8.34 points, or -6.60%, and closed at 118.07 on Friday, October 9, 2026. It was the worst weekly loss since July 10, 2026. Weekly volume was 22% above average.
 Long-term trend: [See MHK long-term trend chart]
A long-term uptrend had started on May 19, 2026 at 92.99 and reached 140.30 on August 13, 2026. MHK gained -47.31 points, or -50.88%, in 12 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend support line (122.52) is broken. A broken support is considered to be a long-term bearish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a long-term trend.
 Medium-term trend: [See MHK medium-term trend chart]
A medium-term downtrend had started on August 13, 2026 at 140.30 and reached 115.65 on October 8, 2026. MHK lost 24.65 points, or 17.57%, in 8 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 109.59 and resistance is at 127.45. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See MHK weekly technical indicators chart]
Weekly technical indicators are neutral.
During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. Use the following link to access a MACD help.
 Short-term trend: [See MHK short-term trend chart]
A short-term downtrend had started on October 2, 2026 at 129.39 and reached 115.65 on October 8, 2026. MHK lost 13.74 points, or 10.62%, in 6 days. The price is now at the 17.61% retracement level.
Daily Technical Indicators: [See MHK daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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