MAIN STREET CAPITAL CORP (MAIN) Stock Technical Analysis
NYSE:MAIN - New York Stock Exchange, Inc. - US56035L1044 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to MAIN. In the last year, MAIN was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that MAIN is one of the better performing stocks in the market, outperforming 74% of all stocks.
MAIN is part of the Capital Markets industry. There are 232 other stocks in this industry. MAIN outperforms 72% of them.
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.
In the last month MAIN has a been trading in the 54.51 - 58.97 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, MAIN also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 57.97, a Stop Loss order could be placed below this zone.
More info and screens
49.20
63.74
5 important support areas can be observed.
- A support zone ranging from 55.06 to 55.16. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @53.48 from a trend line in the weekly time frame.
- Support @52.62 from a horizontal line in the daily time frame.
- Support @51.47 from a horizontal line in the weekly time frame.
- Support @49.70 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 57.96 to 57.97. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @59.04 from a horizontal line in the daily time frame.
- 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 | 74.57 | POSITIVE | MAIN has a high relative strength, it outperformed 74.57% off all stocks 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) | 59.4 | NEUTRAL | The RSI value for MAIN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests MAIN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 76.09 | NEUTRAL | The Stochastics value for MAIN is a neutral value. |
| Average True Range in percent/ATR (20) | 1.61 | LOW VOLATILITY | The low ATR as a percentage value for MAIN suggests low volalility. |
| Average Directional Index/ADX (14) | 13.25 | 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 |
|---|---|---|---|
| 59.05 | 56.70 | 2.35 (3.98%) | 25.00% |
| An entry @59.05. This is a Buy Stop order right above the resistance zone. | An exit @56.70. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 2.35 points, which is 3.98%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.99%. |
- 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.
57.92
-0.16 (-0.28%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryCapital Markets
Performance
% Chg-0.28%
1 Week-0.26%
2 Weeks2.31%
1 Month4.89%
3 Month0.94%
6 Month2.98%
12 Month18.07%
2 Year45.09%
3 Year50.74%
5 Year86.57%
10 Year82.01%
15 Year289.02%
Volatility
ATR(14)0.93
ATR(20)%1.61%
ATR Inc-6.25%
Range Today1.13
ADR(20)0.9
ADR(20)%1.56%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS74.57
Mansfield0.31
10 Day High58.97
10 Day Low56.71
20 Day High58.97
20 Day Low54.51
52 Week High63.32
52 Week Low45
CS1 End57.97
CR1 Start59.04
Volume & EV
DER(3)0.43%
DER(5)0.55%
Volume386.11K
Volume Incr-2.58%
Vol(5)486.02K
Vol(50)566.36K