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Archive
- 7/17/2026 -
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Mohawk Industries (MHK) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a first positive week for the Mohawk Industries (MHK). During the week, the MHK gained 1.53 points, or 1.39%, and closed at 111.50 on Friday, July 17, 2026. Weekly volume was -17% below average.
 Long-term trend: [See MHK long-term trend chart]
A long-term downtrend had started on September 5, 2025 at 143.13 and reached 92.99 on May 19, 2026. MHK lost 50.14 points, or 35.03%, in 36 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 89.83 and resistance is at 135.31. 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 long-term trend.
 Medium-term trend: [See MHK medium-term trend chart]
A medium-term uptrend had started on May 19, 2026 at 92.99 and reached 123.02 on June 25, 2026. MHK gained -30.03 points, or -32.29%, in 5 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (120.24) 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 medium-term trend.
 Weekly Technical Indicators: [See MHK weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since June 5, 2026. This is an indication that the medium-term trend is up. 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 June 25, 2026 at 123.02 and reached 106.13 on July 8, 2026. MHK lost 16.89 points, or 13.73%, in 13 days. The price is now at the 31.79% retracement level.
Daily Technical Indicators: [See MHK daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since July 6, 2026. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.
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