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Archive
- 10/23/2026 -
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Mohawk Industries (MHK) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a second consecutive positive week for the Mohawk Industries (MHK). During the week, the MHK gained 4.43 points, or 3.68%, and closed at 124.72 on Friday, October 23, 2026. It was the best weekly gain since August 7, 2026. Weekly volume was 31% 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 price is near the trend support (125.51) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line 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 114.37 on October 19, 2026. MHK lost 25.93 points, or 18.48%, in 9 weeks. The chart has formed a Falling Wedge chart pattern. The price is near the trend resistance line (124.71). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a medium-term trend.
 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 uptrend had started on October 19, 2026 at 114.37 and reached 128.97 on October 22, 2026. MHK gained -14.60 points, or -12.77%, in 3 days. The price is now at the 29.11% retracement level.
Daily Technical Indicators: [See MHK daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since October 21, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.
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 Harami Candlestick pattern. A Bearish Harami pattern occurs in an uptrend. It shows the bulls’ upward drive has weakened and now a trend reversal is possible. The reliability of the Bearish Harami pattern is low. Use the Technical Stock Screener to see the list of stocks that had a Bearish Harami Candlestick pattern during the last week.
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