MAIN STREET CAPITAL CORP (MAIN) Stock Technical Analysis
USA - NYSE:MAIN - US56035L1044 - Common Stock
We assign a technical rating of 1 out of 10 to MAIN. MAIN has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
Although the technical rating is bad, MAIN does present a nice setup opportunity. Prices have been consolidating lately.
More info and screens
53.76
When analyzing the support we can see 2 important areas.
- Support @56.31 from a trend line in the daily time frame.
- A support zone ranging from 54.30 to 55.09. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 57.86 to 60.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @65.83 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 | DOWN | NEGATIVE | The long term trend for MAIN is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MAIN is down. |
| ChartMill Relative Strength | 40.17 | 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) | 39.71 | NEUTRAL | The RSI value for MAIN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.26 | POSITIVE | The MACD value suggests MAIN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 61.47 | NEUTRAL | The Stochastics value for MAIN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.08 | MEDIUM VOLATILITY | The ATR as a percentage value for MAIN suggests some volalility. |
| Average Directional Index/ADX (14) | 37.11 | POSITIVE | The high ADX value value for MAIN suggests a strong trend. |
57.12
-1.3 (-2.23%)
MAIN STREET CAPITAL CORP / MAIN FAQ
Can you provide the ChartMill technical rating for MAIN STREET CAPITAL CORP?
ChartMill assigns a technical rating of 1 / 10 to MAIN.
Can you provide the trend direction for MAIN STREET CAPITAL CORP?
The current trend direction for MAIN STREET CAPITAL CORP (MAIN) is Bearish.
What is the RSI signal for MAIN stock?
MAIN STREET CAPITAL CORP (MAIN) has an RSI value of 39.7137. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for MAIN STREET CAPITAL CORP?
The buy/sell signal for MAIN STREET CAPITAL CORP (MAIN) is sell as both the short term and long term trends are negative.
What is the support and resistance level for MAIN stock?
MAIN STREET CAPITAL CORP (MAIN) has a support level at 56.31 and a resistance level at 57.86. Check the full technical report for our detailed analysis of MAIN support and resistance levels.