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Archive
- 11/28/2025 -
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Mohawk Industries (MHK) Technical Analysis
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| Summary:
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| | It was a second positive week after 4 consecutive negative weeks for the Mohawk Industries (MHK). During the week, the MHK gained 5.97 points, or 5.43%, and closed at 115.90 on Friday, November 28, 2025. Weekly volume was -9% below average.
 Long-term trend: [See MHK long-term trend chart]
A long-term uptrend had started on March 23, 2020 at 56.62 and reached 231.80 on May 10, 2021. MHK gained -175.18 points, or -309.40%, in 59 weeks. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 87.21 and resistance is at 142.75. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a long-term trend.
 Medium-term trend: [See MHK medium-term trend chart]
A medium-term uptrend had started on April 9, 2025 at 96.20 and reached 143.13 on September 5, 2025. MHK gained -46.93 points, or -48.78%, in 21 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 100.43 and resistance is at 164.35. A Broadening Ascending 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 Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See MHK weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.
The weekly MACD line is below its signal line since October 24, 2025. 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 September 5, 2025 at 143.13 and reached 102.78 on November 18, 2025. MHK lost 40.35 points, or 28.19%, in 74 days. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (98.35) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. MHK may retest the broken resistance line. It is considered to be a support line now. 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 resistance line in a short-term trend.
 Daily Technical Indicators: [See MHK daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range and Lane's Stochastic. Use the following link to access Williams' Percentage Range help.
The daily MACD line is above its signal line since November 20, 2025. The distance between MACD and the signal line is near its high and getting bigger.
During the last week, the price has moved above 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.
 Candlestick pattern: [See MHK candlestick chart pattern]
On Friday the chart has formed a Bearish Deliberation Candlestick pattern. This pattern occurs in an uptrend;it appears after a sustained upward move and suggests that the rally is losing strength and a reversal is possible. The reliability of the Bearish Deliberation pattern is medium. Use the Technical Stock Screener to see the list of stocks that had a Bearish Deliberation Candlestick pattern during the last week.
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