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Stock Trend Analysis Report

Prepared for you on Tuesday, October 3, 2023.

Methode Electronics, Inc. (NYSE:MEI)

Sidelines Mode (-55) - MEI is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid MEI?

MarketClub looks at technical strength and momentum to determine if the timing is right for MEI.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

Open High Low MEI Price Change
22.700 23.540 22.265 23.480 +0.630
Entry Signal

MarketClub’s Trade Triangles for MEI

long term down The long-term trend has been DOWN since Mar 9th, 2023 at 43.260

intermediate term down The intermediate-term trend has been DOWN since Jun 13th, 2023 at 41.825

short term up The short-term trend has been UP since Sep 26th, 2023 at 22.280

Smart Scan Analysis for MEI

Based on our trend formula, MEI is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

Smart Scan Analysis for MEI
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
22.700 23.540 22.265 23.480 +0.630
Prev. Close Volume Bid Ask Time
23.490 421936 2023-10-02 15:59:58
Year High45.45Year High Date2018-06-20
Year Low27.65Year Low Date2018-10-23
52wk High51.3852wk High Date2023-02-03
52wk Low21.3852wk Low Date2023-09-21
Year End Close10.03Average Volume453,195
Shares Outstanding36,010Short Interest682,762
% Institutional88.2Market Cap1,365M
P/E Ratio14.8377Beta1.53
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