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Archive
- 10/16/2026 -
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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 2.22 points, or 1.88%, and closed at 120.29 on Friday, October 16, 2026. Weekly volume was 12% 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 (124.02) 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 price is now at the 18.82% retracement level.
 Weekly Technical Indicators: [See MHK weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since October 2, 2026. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. 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 chart has formed a Broadening Descending Wedge chart pattern. The downtrend resistance line (98.53) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a short-term trend.
Daily Technical Indicators: [See MHK daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
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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