The Greedy Trader Weekly Analysis
Sign In Aug 14, 2026
Skip Navigation Links
Share
Number of records: 4
Symbol:  

• Symbol Lookup
• View Technical Chart
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals

Downtrend Resistance
Downtrend Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Stock market alert is a warning signal. Downtrend Resistance stock alert indicates that price is near long-term resistance trendline and probability of short-term trend reversal is high.

The strategy is based on selling long (or taking short) position on downtrend testing resistance. The strategy has low to medium risk and average reword.

Downtrend Resistance

Archive
- 8/7/2026 -
Sign In to see current Signals.

Mohawk Industries (MHK) Technical Analysis

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Overbought sectorWilliams' Percentage Range is strongly overboughtTrend resistance at 134.76
Daily :Relative Strength Index and Williams' Percentage Range are overboughtLane's Stochastic is strongly overbought
Move cursor over the icon to see details.

It was a fourth consecutive positive week for the Mohawk Industries (MHK). During the week, the MHK gained 12.96 points, or 10.53%, and closed at 136.06 on Friday, August 7, 2026. Weekly volume was 37% above average.

MHK is a member of Consumer Discretionary Sector. Consumer Discretionary is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

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 price is near the trend resistance line (134.76). 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 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 137.87 on August 5, 2026. MHK gained -44.88 points, or -48.26%, in 11 weeks. Price is near the trend high.

Weekly Technical Indicators: [See MHK weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. 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 Williams' Percentage Range 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. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term uptrend is strong. 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 July 21, 2026 at 105.52 and reached 137.87 on August 5, 2026. MHK gained -32.35 points, or -30.66%, in 15 days. The price is now at the 5.60% retracement level.

Daily Technical Indicators: [See MHK daily technical indicators chart]
Daily Relative Strength Index and Williams' Percentage Range are overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index and Williams' Percentage Range or strongly overbought daily Lane's Stochastic. Use the following links to access Lane's Stochastic and Relative Strength Index help.

The daily MACD line is above its signal line since July 27, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 81.36
Overbought
Williams' Percentage Range (W%R) 13.40
Overbought
Lane's Stochastic (%D-Slow) 92.13
Strong Overbought
Greed/Fear Indicator (GFI) 86.69
Overbought
Moving Average Converg./Diverg. (MACD) 3.85
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 72.76
Williams' Percentage Range (W%R) 9.70
Strong Overbought
Lane's Stochastic (%D-Slow) 69.30
Greed/Fear Indicator (GFI) 73.76
Moving Average Converg./Diverg. (MACD) -1.00
Trading Signals
Description Value Chart
Upper Bollinger Band 142.18
Price 136.06
Daily Stochastic Crossing 135.42
Monthly Trendline Resistance 134.76
Weekly Stochastic Crossing 127.79
Parabolic System 127.12
20 Day Moving Average 118.39
50 Day Moving Average 113.83
Lower Bollinger Band 101.42
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 9
Industry Home Furnishings 57
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 105.52
Low Date 07/21/2026
High 137.87
High Date 08/05/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 92.99
Low Date 05/19/2026
High 137.87
High Date 08/05/2026
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Test Resistance
Resistance 134.76
Support 88.65
High 143.13
High Date 09/05/2025
Low 92.99
Low Date 05/19/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 164.29
High Date 10/21/2024
Low 92.99
Low Date 05/19/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 286.85
High Date 12/04/2017
Low 56.62
Low Date 03/23/2020
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.