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Archive
- 9/11/2026 -
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Mohawk Industries (MHK) Technical Analysis
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| Summary:
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| | It was the negative week for the Mohawk Industries (MHK). During the week, the MHK dropped -6.84 points, or -5.12%, and closed at 126.79 on Friday, September 11, 2026. It was the worst weekly loss since July 10, 2026. Weekly volume was 11% above average.
 Long-term trend: [See MHK long-term trend chart]
A long-term downtrend had started on October 21, 2024 at 164.29 and reached 92.99 on May 19, 2026. MHK lost 71.30 points, or 43.40%, in 82 weeks. The chart has formed a Descending Triangle chart pattern. The downtrend resistance line (92.08) 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 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 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 trend support level is at 116.56 and resistance is at 150.46. 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 technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. 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 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 August 13, 2026 at 140.30 and reached 121.45 on September 10, 2026. MHK lost 18.85 points, or 13.44%, in 28 days. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 119.36 and resistance is at 133.13. 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 short-term trend.
Daily Technical Indicators: [See MHK daily technical indicators chart]
Daily technical indicators are neutral. Daily Lane's Stochastic and MACD have bullish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.
The daily MACD line is below its signal line since August 18, 2026. This is an indication that the short-term trend is down.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.
During the last week, the price has declined below 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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