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MLI
Stock ticker: NYSE
AS OF
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Capitalization
4.71B

MLI Mueller Industries Forecast, Technical & Fundamental Analysis

a manufacturer of copper, brass, aluminum and plastic products

Industry Steel
Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for MLI with price predictions
07:00 PM EST Dec 04, 2023

MLI sees its 50-day moving average cross bullishly above its 200-day moving average

The 50-day moving average for MLI moved above the 200-day moving average on November 27, 2023. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The 10-day moving average for MLI crossed bullishly above the 50-day moving average on November 02, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In 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 .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where MLI advanced for three days, in of 327 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 284 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 10-day RSI Indicator for MLI moved out of overbought territory on December 05, 2023. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 35 similar instances where the indicator moved out of overbought territory. In of the 35 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.

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 December 04, 2023. 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 69, placing this stock better than average.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly 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 (2.122) is normal, around the industry mean (1.926). P/E Ratio (7.565) is within average values for comparable stocks, (16.057). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (4.357). Dividend Yield (0.014) settles around the average of (0.046) among similar stocks. P/S Ratio (1.320) is also within normal values, averaging (3.563).

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding 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.

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.

A.I.Advisor
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).

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 4.26B. The market cap for tickers in the group ranges from 107.02K to 39.64B. NUE holds the highest valuation in this group at 39.64B. 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 7%, and the average quarterly price growth was 2%. CKSNF experienced the highest price growth at 51%, while HLP experienced the biggest fall at -29%.

Volume

The average weekly volume growth across all stocks in the Steel Industry was -20%. For the same stocks of the Industry, the average monthly volume growth was -16% 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: 27
P/E Growth Rating: 38
Price Growth Rating: 50
SMR Rating: 66
Profit Risk Rating: 69
Seasonality Score: 27 (-100 ... +100)
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A.I. Advisor
published Earnings

MLI is expected to report earnings to fall 64.96% to 40 cents per share on January 30

Mueller Industries MLI Stock Earnings Reports
Q4'23
Est.
$0.41
Q3'23
Beat
by $0.66
Q2'23
Beat
by $0.72
Q1'23
Beat
by $1.20
Q4'22
Beat
by $0.28
The last earnings report on October 24 showed earnings per share of $1.17, beating the estimate of 50 cents. With 765.91K shares outstanding, the current market capitalization sits at 4.71B.
A.I.Advisor
published Dividends

MLI is expected to pay dividends on December 15, 2023

Mueller Industries MLI Stock Dividends
A dividend of $0.15 per share will be paid with a record date of December 15, 2023, and an ex-dividend date of November 30, 2023. The last dividend of $0.60 was paid on September 15. Read more...
A.I. Advisor
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
5137
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 IIIN. These tickers have moved in lockstep 55% of the time. This A.I.-generated data suggests there is some statistical probability that if MLI jumps, then IIIN could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To MLI
1D Price
Change %
MLI100%
-2.00%
IIIN - MLI
55%
Loosely correlated
-0.72%
TMST - MLI
50%
Loosely correlated
-3.80%
HAYN - MLI
50%
Loosely correlated
-5.14%
CMC - MLI
49%
Loosely correlated
-1.78%
CRS - MLI
49%
Loosely correlated
-4.42%
More

Groups containing MLI

Correlation & Price change

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To MLI
1D Price
Change %
MLI100%
-2.00%
metal products
(undefined stocks)
66%
Closely correlated
-1.26%
plastic
(undefined stocks)
60%
Loosely correlated
-0.28%
aluminum
(undefined stocks)
60%
Loosely correlated
-1.62%
copper
(undefined stocks)
53%
Loosely correlated
-2.28%
Steel
(undefined stocks)
37%
Loosely correlated
-0.98%