MAIN STREET CAPITAL CORP (MAIN) Stock Technical Analysis
USA - NYSE:MAIN - US56035L1044 - Common Stock
57.21 USD
-0.92 (-1.58%)
56.7 USD
-0.51 (-0.89%)
We assign a technical rating of 0 out of 10 to MAIN. MAIN's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
64% of all other stocks performed better in the past year than MAIN.
MAIN is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
MAIN is part of the Capital Markets industry. There are 237 other stocks in this industry, MAIN did better than 59% of them.
MAIN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MAIN is lagging the market.
MAIN has a poor technical rating and the quality of the setup is also only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
53.34
68.22
When analyzing the support we can see 2 important areas.
- A support zone ranging from 55.09 to 55.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @53.88 from a trend line in the weekly time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 61.43 to 61.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 63.98 to 64.06. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @65.83 from a horizontal line in the daily time frame.
- Resistance @67.54 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for MAIN is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MAIN is down. |
| ChartMill Relative Strength | 36.9 | NEUTRAL | MAIN is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MAIN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MAIN is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MAIN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 33.3 | NEUTRAL | The RSI value for MAIN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.48 | NEGATIVE | The MACD value suggests MAIN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 30.32 | NEUTRAL | The Stochastics value for MAIN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.93 | MEDIUM VOLATILITY | The ATR as a percentage value for MAIN suggests some volalility. |
| Average Directional Index/ADX (14) | 36 | POSITIVE | The high ADX value value for MAIN suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
57.21
-0.92 (-1.58%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryCapital Markets
Performance
% Chg-1.58%
1 Week0.23%
2 Weeks-10.57%
1 Month-13.49%
3 Month-11.16%
6 Month7.34%
12 Month9.28%
2 Year50.04%
3 Year54.87%
5 Year108.87%
10 Year90.83%
15 Year240.74%
Volatility
ATR(14)1.81
ATR(20)%2.93%
ATR Inc-10.89%
Range Today1.91
ADR(20)1.64
ADR(20)%2.86%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS36.9
Mansfield-1.12
10 Day High64.21
10 Day Low55.06
20 Day High66.05
20 Day Low55.06
52 Week High67.77
52 Week Low47
CS1 End55.29
CR1 Start61.43
Volume & EV
DER(3)-0.77%
DER(5)-0.42%
Volume516.10K
Volume Incr46.09%
Vol(5)979.24K
Vol(50)619.17K