Modine Manufacturing Company (MOD) remains in a powerful uptrend, evidenced by its explosive performance: +13.82% over the past week, +29.05% in the last month, and +90.68% year-to-date. The stock has achieved new all-time highs, with recent closes pushing beyond 270 amid heightened volatility. Chart patterns highlight bullish setups, including a cup-and-handle formation since January and multiple breakouts from key resistances like 143 and 92. The alignment of higher timeframes supports continued upward momentum, though short-term pullbacks may test trend sustainability.
Pivot points provide critical zones: resistance at R1 274.43, R2 294.22, and R3 348.23, with the recent high of 276.65 acting as a near-term barrier. Support levels include S1 220.42, S2 186.20, and S3 132.19, aligning with prior breakout retest areas around 220-230. The 52-week range spans 86.48-276.65, with the upper end now defining overhead supply. Traders eye 220 as a key demand zone for any retracement.
All major moving averages signal buy strength. The stock trades decisively above EMA10 (254.47), SMA20 (248.42), EMA50 (227.72), SMA100 (194.24), and SMA200 (168.72). This golden cross configuration—exemplified by the 100 SMA crossing above the 200 SMA during recent breakouts—reinforces the long-term bullish bias. Price distance from the 200-day SMA indicates stretched conditions but sustained trend power.
RSI (14) at 64.34 remains neutral, avoiding overbought extremes despite the rally. MACD (12,26) at 10.44 generates a clear buy signal, reflecting positive momentum divergence. Stochastic %K (14,3,3) at 85.94 is neutral, suggesting room for further upside before potential exhaustion. Overall oscillators lean neutral, balancing the strong MA backdrop.
Recent sessions show volume near or above the average of 1.04M shares, with spikes over 2x during breakouts like the push past 143. Current levels around 999K indicate solid participation amid 4-5% daily swings. Elevated beta (1.78) underscores volatility, typical for high-momentum names testing new highs.
Tickeron’s AI Daily Buy/Sell Signals leverage artificial intelligence to scrutinize vast market data, technical indicators, and historical price patterns, generating actionable buy or sell signals for stocks like MOD. These signals draw from trend recognition, momentum shifts, and recurring chart behaviors to pinpoint potential entry/exit points, trend confirmations, and decision-support cues. Traders rely on them to navigate volatility, validate breakouts, and align with probabilistic edges derived from machine learning models. Explore these signals to enhance your technical strategy on MOD.
Traders monitor a hold above 220-230 for trend continuity, with upside focus on 274-294 resistance for breakout confirmation. A retest of 240 pivot could offer buying interest, while momentum via MACD/RSI divergence will signal shifts. Volume spikes near key levels remain pivotal for conviction.
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A.I.dvisor indicates that over the last year, MOD has been loosely correlated with ALSN. These tickers have moved in lockstep 45% of the time. This A.I.-generated data suggests there is some statistical probability that if MOD jumps, then ALSN could also see price increases.
| Ticker / NAME | Correlation To MOD | 1D Price Change % | ||
|---|---|---|---|---|
| MOD | 100% | +4.32% | ||
| ALSN - MOD | 45% Loosely correlated | -0.37% | ||
| DNZOY - MOD | 42% Loosely correlated | -2.20% | ||
| BRDCY - MOD | 39% Loosely correlated | -0.10% | ||
| PLOW - MOD | 39% Loosely correlated | +1.06% | ||
| PHIN - MOD | 38% Loosely correlated | +0.49% | ||
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