MTZ forming a blue sky breakoutMTZ has been showing us a seller at $113 for a few months now
After numerous attempts to break the level, buyers continue to step up and support the stock
We should see a breakout through $113 very soon
MTZ trade ideas
$MTZ - 3th BreakoutIntraday Period 60'
High Volume Breakout > Average 20
High > Highest 160
EMA: 80 > 160 (Green band)
Close > SMA: 480 / 800 / 1280 / 1600
MTZ Stock-Weekly 26 EMA pointing upwards.
-Price around a key level that has been tested many times.
Long positions preferred.
-15m consolidation area with a breakout and a pullback just on the upper extreme.
Enter after the confirmative pullback. Right now a MACD divergence with a bullish movement following would be a good signal.
Stop loss below this pullback's low.
Target in the middle of the opposite extreme that happens to be on the 1.618 fibonacci price.
The trade provided is indicative of the logic applied.
no trigger no trade ! 🐒MTZ bounce here and break of 98.36 and I expect push to upside, break below trend support/97.05 and look for more downside 🎯
boost and follow for more! <3
Short scalp MTZBased on its downtrend, regress off resistance and a familiar chart pattern confirmed by my technical indicators, I expect at least half a percent in profits IF MTZ breaches today's low of $73.63 during tomorrow's session.
Technical analysis (MTZ)Limit buy - 86,20$
Target - 101,50
Risk/Reward Ratio - 5,1
Stop-loss - 83,20
On this signal, buy 50% of the position.
Mastec - Power Plant and Renewable Energy Construction CompanyMastec has been having a RIPPER run over the last 12 months with the boom in infrastructure development but the thing that caught my eye (after the chart of course) was their strong presence in building power plants and especially renewable energy projects.
Price might be a little expensive at the moment so keep an eye out for a pullback and recovery if you want to get in at better value.
A trailing stop loss around 10 to 13% will keep you in most of the trend with only a few stops.
From their about us:
Mastec is one of the nation's top power plant and renewable energy construction companies.
Capitalizing on our expertise in electric transmission, MasTec is one of the nation's top power plant construction companies, specializing in engineering, procurement and construction of thermal power plants, alternative fuel power plants, wind farms, and solar energy facilities . Whether we're designing, building, expanding or maintaining a power plant or renewable energy facility, we have the experience and resources to maximize efficiencies during construction and throughout the facility's operation. We help clients determine the optimal site, size, materials, construction methods and design features to meet their needs for power plants and renewable energy facilities, and we continually work to increase their ROI. By keeping a focus on safety and innovation, we're able to provide the most effective and socially responsible solutions to the world's changing energy needs.
MTZ going for a parabolic move in upcoming weeks!Mastec broke through all time high at the beginning of the year. Typically after every breakout, there should be a retracement.
None for Mastec! What happened instead was price continue to go higher by the week. The current pattern is an upsloping flag pattern, and it usually signify significant up move.
Target profit 1 is a huge $23/ 44% within the next 3 months!
There's no target profit 2 because no move last forever. It's bound to have a pullback, and we will evaluate again when this move is said and done.
Feel free to comment below if you want me to analyze any symbol!
MTZ, price moved above its 50-day Moving Average on Oct 05, 2020This price move could indicate a change in the trend, and may be a buy signal for investors. Tickeron A.I.dvisor found 52 similar cases, and 43 were successful. Based on this data, the odds of success are 83%. Current price $44.59 crossed the resistance line at $43.58 and is trading between $45.00 resistance and $43.58 resistance lines. Throughout the month of 09/02/20 - 10/05/20, the price experienced a -7% Downtrend, while the week of 09/28/20 - 10/05/20 shows a +2% Uptrend.
Bullish Trend Analysis
The Stochastic Indicator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. Tickeron A.I. detected that in 52 of 64 cases where MTZ's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 81%.
The Momentum Indicator moved above the 0 level on October 05, 2020. You may want to consider a long position or call options on MTZ as a result. Tickeron A.I. detected that in 75 of 98 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 77%.
The Moving Average Convergence Divergence (MACD) for MTZ just turned positive on October 05, 2020. Looking at past instances where MTZ's MACD turned positive, the stock continued to rise, Tickeron A.I. shows that in 38 of 54 cases over the following month. The odds of a continued upward trend are 70%.
Following a +5.78% 3-day Advance, the price is estimated to grow further. Considering data from situations where MTZ advanced for three days, in 228 of 318 cases, the price rose further within the following month. The odds of a continued upward trend are 72%.
MTZ may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Mastec is turning back $MTZMastec is just hanging around 50SMA. It has been trading below 50 SMA since November 2019 and now it is very close to break it. fib 0.618 and 20SMA is holding, Additionally it is forming unconfirmed cup w handle. It needs to break and hold above $48 for the confirmation.
Summa Cum LaudeDefinitely in the top of it's class with a #1 ranking in the Heavy Construction Group/Building with a Composite Rating of 99 by Investors Business Daily. The last 3 Qtrs EPS growth was 82% with an EPS estimate change of 21% for the current quarter with a group Relative Strength Rating of A. This thing should be held on fundamentals alone. "The Barchart Technical Opinion rating is a 100% Buy with a Average short term outlook on maintaining the current direction.
Longer term, the trend strength is Maximum. Long term indicators fully support a continuation of the trend." (Barchart.com)
With EPS due on the 31st it's a great time to buy this little dip.
MTZ Upside momentumQuite the breakout move to new 52week highs. Previous all-time high is about $60 and with this level of accumulated break-out, there's potential to move past that. Keep on future watches for momentum plays.
Mastec bullish in upward channelMastec has formed a nice upward parallel channel and breached trendline resistance yesterday. It's in pullback mode from the trendline breach, but I expect more upward movement through that trendline in the next few days.
Mastec has solid analyst ratings and a recent history of earnings beats. It next reports July 31.
Read rules carefully Will try to update if in trade.
Rules:
Believe that anything can happen - so stay neutral. Always define your stop loss. We trade only when price action shows a reversal pattern within our predefined zones = "Trend + Zone + Reversal". Trade with your own risk.
Patience is the key.
Good luck.
MTZ Detected possible contract awarded!!!MTZ: mastec inc
2018-06-04 09:28:03
Detected possible contract awarded
InterpretationExample: for a confirmed resistance breakout I use exclusively weekly charts and in this case I can appreciate a weekly candle closing above the line more seven weekly candles consolidating above the 48.00 level and a pullback in progress and a price testing the new support line, that months ago was resistance. This is pure price action without indicators.
Then I do a multiple time frame analysis searching for gaps and other details and I do this manually or discretionary.
I not use a mechanical system but I use moving averages like a visual help and interpret it in a discretionary way too.
Resistance breakout from weekly charts take time and patience.
MTZLooking at an Iron Fly for Mas Tec. I am officially in "time out" from trading due to 7% realized drawdown in reg-T (barring open position adjustments) So this is just an idea to keep my mind in the game. Mastec was a big mover on the Trump talk of rebuilding America. Implied volatility is a bit anemic at 42% and 54 days to expiry is a long time to wait on a trade that decays slowly (butterflys and ratios) Managing at 25% would mean you would only want .50 cents if the trade was placed for 2.25 with the 39/42/42/45 strikes. What interests me for this trade is the large expected move of +/- 4.37 on such a small stock would be a 9.5% move. With V.I.X. overall being so low I have found these names to be actually moving past the E.M. recently. So in a practice trade I am going to test using the Iron Fly to see if I can get .50 by risking only .75 and also diversify my trades a bit...... we'll see what happens?
Its a toss upCould go either way, but momentum is looking bullish and so do the options at the moment. Will give up a bit to get confirmation like last time. Notes are on graph.
MTZ CHART UPDATED....STILL TRACKING PATTERNNotes are in chart, but this is following nicely atm. Will wait to see test of 42.37-42.22 and need a close above handles resistance for me to go all in on this one, but i like the set up currently!
MasTec found this one browsing and see a lot of upside potentialPertinent notes are in chart.
It looks like a good cup and handle. normally the cup depth should be greater by textbook standards but considering the current bullish market i believe it to be in a range that doesnt negate the pattern. also, timelines and price action are mirroring the textbook definitions, which i believe to be more important. Volume isnt exactly textbook, which would have made this a dream but I dont think it takes away from the validity of the pattern formation either. I will be watching this closely. I havent added price targets but will once I do further analysis. as always GLTA
MTZ holding up well relative to the marketMTZ was up on Thursday with above average volume given the recent weakness in the market. Looks like a breakout from the base is very likely.
