MAIN STREET CAPITAL CORP (MAIN) Stock Technical Analysis
USA - NYSE:MAIN - US56035L1044 - Common Stock
66.98 USD
-0.19 (-0.28%)
67.19 USD
+0.21 (+0.31%)
We assign a technical rating of 10 out of 10 to MAIN. Both in the recent history as in the last year, MAIN has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that MAIN is one of the better performing stocks in the market, outperforming 82% of all stocks. On top of that, MAIN also shows a nice and consistent pattern of rising prices.
MAIN is one of the better performing stocks in the Capital Markets industry, it outperforms 78% of 238 stocks in the same industry.
MAIN is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month MAIN has a been trading in the 63.62 - 67.48 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
MAIN has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 66.99. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 66.36, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
52.92
68.22
We found 3 important support areas.
- A support zone ranging from 63.53 to 66.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 55.16 to 55.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @53.45 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 66.99 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 | 82.51 | POSITIVE | MAIN has a high relative strength, it outperformed 82.51% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of MAIN is above a declining 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) | 60.7 | NEUTRAL | The RSI value for MAIN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests MAIN has a positive trend. |
| Stochastics (14,3) | 94.21 | OVERBOUGHT | The high Stochastics value suggests MAIN may be overbought. |
| Average True Range in percent/ATR (20) | 1.46 | LOW VOLATILITY | The low ATR as a percentage value for MAIN suggests low volalility. |
| Average Directional Index/ADX (14) | 13.36 | 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 67.55 | 65.30 | 2.25 (3.32%) | 25.00% |
| An entry @67.55. This is a Buy Stop order right above the resistance zone. | An exit @65.30. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 2.25 points, which is 3.32%. | For a 0.83% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
66.98
-0.19 (-0.28%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryCapital Markets
Performance
% Chg-0.28%
1 Week0.69%
2 Weeks1.76%
1 Month-0.25%
3 Month15.96%
6 Month19.05%
12 Month34.09%
2 Year64.85%
3 Year99.11%
5 Year126.51%
10 Year151.24%
15 Year321.52%
Volatility
ATR(14)0.93
ATR(20)%1.46%
ATR Inc-27.35%
Range Today0.65
ADR(20)0.96
ADR(20)%1.43%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.51
Mansfield0.48
10 Day High67.34
10 Day Low65.32
20 Day High67.48
20 Day Low63.62
52 Week High67.77
52 Week Low47
CS1 End66.36
CR1 Start66.99
Volume & EV
DER(3)1.46%
DER(5)-0.93%
Volume459.10K
Volume Incr-6.08%
Vol(5)470.86K
Vol(50)491.83K