MAIN STREET CAPITAL CORP (MAIN) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:MAIN - US56035L1044 - Common Stock
Overall MAIN gets a technical rating of 7 out of 10. MAIN has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
- Both the short term and long term trends are positive. This is a very positive sign.
- MAIN is part of the Capital Markets industry. There are 238 other stocks in this industry. MAIN outperforms 75% of them.
- MAIN is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so MAIN is lagging the market slightly.
- In the last month MAIN has a been trading in the 58.89 - 64.59 range, which is quite wide. It is currently trading near the high of this range.
- When compared to the yearly performance of all other stocks, MAIN outperforms 65% of them, which is more or less in line with the market.
Although MAIN has an excellent technical rating, it does not offer a high quality setup 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.
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54.52
4 important support areas can be observed.
- A support zone ranging from 63.53 to 63.97. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 61.36 to 62.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 56.62 to 57.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 55.07 to 55.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- Resistance @64.11 from a trend line in the daily time frame.
- Resistance @65.83 from a horizontal line in the daily time frame.
- A resistance zone ranging from 66.98 to 67.54. 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 | 65.99 | 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) | UP | POSITIVE | The current price of MAIN is above the rising 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) | 62.18 | NEUTRAL | The RSI value for MAIN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.23 | POSITIVE | The MACD value suggests MAIN has a positive trend. |
| Stochastics (14,3) | 81.95 | OVERBOUGHT | The high Stochastics value suggests MAIN may be overbought. |
| Average True Range in percent/ATR (20) | 1.99 | LOW VOLATILITY | The low ATR as a percentage value for MAIN suggests low volalility. |
| Average Directional Index/ADX (14) | 15.62 | NEGATIVE | The low ADX value for MAIN suggests a weak or negative trend. |
63.98
+0.85 (+1.35%)
MAIN STREET CAPITAL CORP / MAIN FAQ
Can you provide the ChartMill technical rating for MAIN STREET CAPITAL CORP?
ChartMill assigns a technical rating of 7 / 10 to MAIN.
What is the current trend direction of MAIN STREET CAPITAL CORP (MAIN) stock?
The current trend direction for MAIN STREET CAPITAL CORP (MAIN) is Bullish.
Can you provide the RSI signal for MAIN STREET CAPITAL CORP?
MAIN STREET CAPITAL CORP (MAIN) has an RSI value of 62.1775. This indicates that the stock is currently neutral.
What is the MACD signal for MAIN stock?
The MACD indicator for MAIN STREET CAPITAL CORP (MAIN) has a value of 0.231322, indicating a bearish trend.
What is the buy/sell signal for MAIN stock?
The buy/sell signal for MAIN STREET CAPITAL CORP (MAIN) is buy as both the short term and long term trends are positive.