MAIN STREET CAPITAL CORP (MAIN) Stock Technical Analysis
NYSE:MAIN - New York Stock Exchange, Inc. - US56035L1044 - Common Stock - Currency: USD
Taking everything into account, MAIN scores 5 out of 10 in our technical rating. In the last year, MAIN was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
The long and short term trends are both positive. This is looking good!
MAIN is one of the better performing stocks in the Capital Markets industry, it outperforms 74% of 232 stocks in the same industry.
In the last month MAIN has a been trading in the 51.44 - 57.36 range, which is quite wide. It is currently trading near the high of this range.
When comparing the performance of all stocks over the past year, MAIN turns out to be only a medium performer in the overall market: it outperformed 67% of all stocks.
MAIN is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MAIN is lagging the market slightly.
Considerably lower volume is observed in the last couple of days.
MAIN has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 56.16, a Stop Loss order could be placed below this zone.
More info and screens
48.24
63.74
5 important support areas can be observed.
- A support zone ranging from 54.62 to 56.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @52.93 from a trend line in the weekly time frame.
- Support @51.47 from a horizontal line in the weekly time frame.
- Support @49.95 from a horizontal line in the daily time frame.
- A support zone ranging from 48.73 to 49.14. This zone is formed by a combination of multiple trend lines in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 62.28 to 63.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for MAIN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MAIN is up. |
| ChartMill Relative Strength | 67.64 | NEUTRAL | MAIN is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MAIN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of MAIN is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MAIN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.1 | NEUTRAL | The RSI value for MAIN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.31 | POSITIVE | The MACD value suggests MAIN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 92.58 | OVERBOUGHT | The high Stochastics value suggests MAIN may be overbought. |
| Average True Range in percent/ATR (20) | 2.2 | MEDIUM VOLATILITY | The ATR as a percentage value for MAIN suggests some volalility. |
| Average Directional Index/ADX (14) | 18.32 | NEGATIVE | The low ADX value for MAIN suggests a weak or negative 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)
56.88
+0.21 (+0.37%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryCapital Markets
Performance
% Chg0.37%
1 Week3.04%
2 Weeks5.35%
1 Month8.08%
3 Month-6.45%
6 Month2.54%
12 Month16.08%
2 Year43.42%
3 Year49.17%
5 Year82.31%
10 Year84.26%
15 Year290.66%
Volatility
ATR(14)1.27
ATR(20)%2.2%
ATR Inc-35.52%
Range Today0.67
ADR(20)1.2
ADR(20)%2.1%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS67.64
Mansfield0.22
10 Day High57.36
10 Day Low53.86
20 Day High57.36
20 Day Low51.44
52 Week High63.32
52 Week Low45
CS1 End56.16
CR1 Start62.28
Volume & EV
DER(3)1.6%
DER(5)2.93%
Volume345.80K
Volume Incr-42.66%
Vol(5)391.20K
Vol(50)622.19K