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Archive
- 7/24/2026 -
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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 1.77 points, or 1.59%, and closed at 113.27 on Friday, July 24, 2026. Weekly volume was -26% 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 89.44 and resistance is at 135.13. 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 price is now at the 32.47% retracement level.
 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 105.52 on July 21, 2026. MHK lost 17.50 points, or 14.23%, in 26 days. The chart has formed a Descending Triangle chart pattern.
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 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.
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