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MLI
Stock ticker:
NYSE
AS OF
Aug 5 closing price
Price
$66.75
Change
-$0.21 (-0.31%)
Capitalization
3.78B

MLI Price Prediction, Mueller Industries AI Recommendations

Stock market charts, price targets, analyst ratings and a financial calendar
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a Summary for AAPL with price predictions
12:00 AM EDT Aug 05, 2022

MLI in upward trend: 10-day moving average broke above 50-day moving average on July 19, 2022

The 10-day moving average for MLI crossed bullishly above the 50-day moving average on July 19, 2022. This indicates that the trend has shifted higher and could be considered a buy signal. In 15 of 17 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 88%.

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on July 15, 2022. You may want to consider a long position or call options on MLI as a result. In of 83 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for MLI just turned positive on July 15, 2022. Looking at past instances where MLI's MACD turned positive, the stock continued to rise in of 40 cases over the following month. The odds of a continued upward trend are .

MLI moved above its 50-day moving average on July 18, 2022 date and that indicates a change from a downward trend to an upward trend.

The 50-day moving average for MLI moved above the 200-day moving average on July 28, 2022. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where MLI advanced for three days, in of 329 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 248 cases where MLI Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 13 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 14 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where MLI declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

MLI broke above its upper Bollinger Band on July 19, 2022. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 78, placing this stock better than average.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is seriously undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.506) is normal, around the industry mean (1.412). P/E Ratio (5.731) is within average values for comparable stocks, (17.099). MLI's Projected Growth (PEG Ratio) (0.000) is very low in comparison to the industry average of (0.510). Dividend Yield (0.011) settles around the average of (0.063) among similar stocks. P/S Ratio (0.925) is also within normal values, averaging (1.682).

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. MLI’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to slightly better than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

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published price charts
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published Earnings

MLI is expected to report earnings to fall 43.29% to $2.07 per share on October 18

Mueller Industries MLI Stock Earnings Reports
Q3'22
Est.
$2.07
Q2'22
Beat
by $1.41
Q4'20
Beat
by $0.32
Q3'20
Beat
by $0.29
Q2'20
Missed
by $0.08
The last earnings report on July 19 showed earnings per share of $3.65, beating the estimate of $2.24. With 290.93K shares outstanding, the current market capitalization sits at 3.78B.
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published Dividends

MLI paid dividends on June 17, 2022

Mueller Industries MLI Stock Dividends
А dividend of $0.25 per share was paid with a record date of June 17, 2022, and an ex-dividend date of June 02, 2022. Read more...
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published Highlights

Notable companies

The most notable companies in this group are Nucor Corp (NYSE:NUE), ArcelorMittal (NYSE:MT), Cleveland-Cliffs (NYSE:CLF), United States Steel Corp (NYSE:X), Arconic Corp (NYSE:ARNC).

Industry description

The steel industry includes manufacturers of steel and steel-related products. Companies use iron ore and scrap steel to produce steel. The industry also includes companies involved in mining and marketing of steel products. Along with serving some of the domestic markets, U.S. steel output has, over the years, been used by international economies as well. Competition from imported steel has also increased over time. The industry could be susceptible to business cycles, since the element is an important input in industrial production. Some of the globally-renowned steel behemoths include Nucor Corporation, Vale, and ArcelorMittal SA.

Market Cap

The average market capitalization across the Steel Industry is 3.37B. The market cap for tickers in the group ranges from 107.02K to 35.8B. NUE holds the highest valuation in this group at 35.8B. The lowest valued company is GCIN at 107.02K.

High and low price notable news

The average weekly price growth across all stocks in the Steel Industry was 1%. For the same Industry, the average monthly price growth was 8%, and the average quarterly price growth was -9%. ALPP experienced the highest price growth at 46%, while MTGRY experienced the biggest fall at -28%.

Volume

The average weekly volume growth across all stocks in the Steel Industry was -17%. For the same stocks of the Industry, the average monthly volume growth was -28% and the average quarterly volume growth was 9%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 31
P/E Growth Rating: 75
Price Growth Rating: 57
SMR Rating: 22
Profit Risk Rating: 77
Seasonality Score: -8 (-100 ... +100)
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published General Information

General Information

a manufacturer of copper, brass, aluminum and plastic products

Industry Steel

Profile
Fundamentals
Details
Industry
Metal Fabrication
Address
150 Schilling Boulevard
Phone
+1 901 753-3200
Employees
5337
Web
https://www.muellerindustries.com

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MLI and

Correlation & Price change

A.I.dvisor indicates that over the last year, MLI has been loosely correlated with AZZ. These tickers have moved in lockstep 63% of the time. This A.I.-generated data suggests there is some statistical probability that if MLI jumps, then AZZ could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To MLI
1D Price
Change %
MLI100%
-0.28%
AZZ - MLI
63%
Loosely correlated
-1.38%
WOR - MLI
54%
Loosely correlated
+1.28%
CMC - MLI
50%
Loosely correlated
+1.56%
MT - MLI
50%
Loosely correlated
+1.41%
RS - MLI
50%
Loosely correlated
+1.60%
More