Visual view
MOD
MOD drops 21% to SMA20 support and bounces — target $294.06
Golden Pit Reversal
As of: 2026-05-19
Watch$261.79 SMA20 — reclaiming that on a close confirms the recovery
RiskClose below $221.99 means the pit is deepening, not reversing
ConfidenceA
Why now
Modine ran from the January base all the way to $294 in mid-May, then pulled back 21% to the 20-day moving average — exactly where buyers had stepped in on the two prior dips this year. The reversal candle has real body and volume was controlled on the down days. That's the setup I want.
How to think
- Enter at $244.49 — reversal off SMA20 support
- Stop $221.99 — below the pit low
- Target $294.06 — prior high
What to watch
If MOD opens flat Tuesday and holds $240, that's a clean secondary entry. Don't chase a gap up.
Simple explanation
A 21% pullback from the May 14 high landing on the 20-day average. Volume was light on the down days, and Monday's reversal candle closed well off the low. Fresh signal — day zero of the reversal.
Risk
If MOD breaks below $232 again on a close, the reversal has failed. Stop at $221.99 gives one more test — not more.
FAQ
MOD just dropped 21% — why buy now instead of waiting?
The drop landed on SMA20 which held twice before this year. The reversal candle has body, not a doji, and volume dried up on the way down. Waiting longer usually means chasing after the easy entry is gone.
Pattern params and score explanation
Setup typeGolden Pit Reversal
PatternA 21% pullback from the May 14 high landing on the 20-day average. Volume was light on the down days, and Monday's reversal candle closed well off the low. Fresh signal — day zero of the reversal.
TimeframeDaily
Tagsgolden-pit, industrial, hvac, MOD, bull
{
"price": 244.49,
"priceLevels": {
"entry": 244.49,
"stop": 221.99,
"target": 294.06,
"support": 232.31,
"resistance": 261.79
},
"metrics": {
"score": 0.854,
"rewardRisk": 2.203,
"volumeRatio": 1.697
},
"patternParams": {
"strict": true,
"subtype": "reversal",
"pitDepthPct": 21,
"reversalBodyRatio": 0.512,
"winStartDate": "2026-04-21",
"recentHigh": 294.06,
"pitBottom": 232.31
}
}