Mohawk Industries Stock Technical Analysis

MHK Stock  USD 128.92  3.82  3.05%   
As of the 28th of March, Mohawk Industries secures the Downside Deviation of 1.67, mean deviation of 1.35, and Risk Adjusted Performance of 0.1155. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Mohawk Industries, as well as the relationship between them. Strictly speaking, you can use this information to find out if the firm will indeed mirror its model of past prices, or the prices will eventually revert. We have analyze and collected data for nineteen technical drivers for Mohawk Industries, which can be compared to its peers in the industry. Please verify Mohawk Industries information ratio, as well as the relationship between the value at risk and expected short fall to decide if Mohawk Industries is priced some-what accurately, providing market reflects its recent price of 128.92 per share. Given that Mohawk Industries has jensen alpha of 0.1109, we recommend you to check Mohawk Industries's last-minute market performance to make sure the company can sustain itself at a future point.

Mohawk Industries Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Mohawk, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Mohawk
  
Mohawk Industries' Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.

Mohawk Industries Analyst Consensus

Target PriceAdvice# of Analysts
106.92Buy18Odds
Mohawk Industries current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Mohawk analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Mohawk stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Mohawk Industries, talking to its executives and customers, or listening to Mohawk conference calls.
Mohawk Analyst Advice Details
Mohawk Industries technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Mohawk Industries technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Mohawk Industries trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Mohawk Industries Technical Analysis

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The output start index for this execution was three with a total number of output elements of fifty-eight. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Mohawk Industries volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Mohawk Industries Trend Analysis

Use this graph to draw trend lines for Mohawk Industries. You can use it to identify possible trend reversals for Mohawk Industries as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Mohawk Industries price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Mohawk Industries Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Mohawk Industries applied against its price change over selected period. The best fit line has a slop of   0.45  , which may imply that Mohawk Industries will maintain its good market sentiment and make money for investors. It has 122 observation points and a regression sum of squares at 7775.69, which is the sum of squared deviations for the predicted Mohawk Industries price change compared to its average price change.

About Mohawk Industries Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Mohawk Industries on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Mohawk Industries based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Mohawk Industries price pattern first instead of the macroeconomic environment surrounding Mohawk Industries. By analyzing Mohawk Industries's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Mohawk Industries's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Mohawk Industries specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2021 2022 2023 2024 (projected)
Price Book Value Ratio1.490.810.860.82
Operating Cycle170.02175.2173.39114.0

Mohawk Industries March 28, 2024 Technical Indicators

Most technical analysis of Mohawk help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Mohawk from various momentum indicators to cycle indicators. When you analyze Mohawk charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Mohawk Industries March 28, 2024 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Mohawk stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
When determining whether Mohawk Industries is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Mohawk Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Mohawk Industries Stock. Highlighted below are key reports to facilitate an investment decision about Mohawk Industries Stock:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mohawk Industries. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate.
For more information on how to buy Mohawk Stock please use our How to buy in Mohawk Stock guide.
Note that the Mohawk Industries information on this page should be used as a complementary analysis to other Mohawk Industries' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.

Complementary Tools for Mohawk Stock analysis

When running Mohawk Industries' price analysis, check to measure Mohawk Industries' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Mohawk Industries is operating at the current time. Most of Mohawk Industries' value examination focuses on studying past and present price action to predict the probability of Mohawk Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mohawk Industries' price. Additionally, you may evaluate how the addition of Mohawk Industries to your portfolios can decrease your overall portfolio volatility.
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Is Mohawk Industries' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Mohawk Industries. If investors know Mohawk will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Mohawk Industries listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
3.194
Earnings Share
(6.91)
Revenue Per Share
174.924
Quarterly Revenue Growth
(0.01)
Return On Assets
0.0368
The market value of Mohawk Industries is measured differently than its book value, which is the value of Mohawk that is recorded on the company's balance sheet. Investors also form their own opinion of Mohawk Industries' value that differs from its market value or its book value, called intrinsic value, which is Mohawk Industries' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Mohawk Industries' market value can be influenced by many factors that don't directly affect Mohawk Industries' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Mohawk Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Mohawk Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mohawk Industries' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.