MCB Technical Analysis - MCCOY GLOBAL INC

Technical Rating and Analysis

We assign a technical rating of 10 out of 10 to MCB. Both in the recent history as in the last year, MCB has proven to be a steady performer, scoring decent points in every aspect analyzed.

The long and short term trends are both positive. This is looking good!

Looking at the yearly performance, MCB did better than 92% of all other stocks. On top of that, MCB also shows a nice and consistent pattern of rising prices.

MCB is part of the Energy Equipment & Services industry. There are 28 other stocks in this industry. MCB outperforms 88% of them.

MCB 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 MCB is lagging the market slightly.

In the last month MCB has a been trading in the 3.79 - 4.48 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

MCCOY GLOBAL INC / MCB Weekly stock chart

MCCOY GLOBAL INC / MCB Daily stock chart

Setup Rating and Analysis

MCB has an excellent technical rating, but the quality of the setup is only medium at the moment. Prices have been consolidating lately.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

2.44

4.15

When analyzing the support we can see 3 important areas.

A support zone ranging from 3.97 to 3.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @2.77 from a trend line in the weekly time frame.
Support @2.46 from a trend line in the weekly time frame.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 4.04 to 4.11. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.

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What is Support and Resistance

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Support and Resistance Screener and Trading Strategies

Technical Indicator Signal Analysis

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 MCB.CA is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for MCB.CA is up.
ChartMill Relative Strength	92.54	POSITIVE	MCB.CA has a high relative strength, it outperformed 92.54% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	MIXED	The current price of MCB.CA is below the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of MCB.CA is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of MCB.CA is above the rising SMA(200).
Relative Strength Index/RSI (14)	52.24	NEUTRAL	The RSI value for MCB.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.05	NEGATIVE	The MACD value suggests MCB.CA has a negative trend.
Stochastics (14,3)	24.56	NEUTRAL	The Stochastics value for MCB.CA is a neutral value.
Average True Range in percent/ATR (20)	4.11	MEDIUM VOLATILITY	The ATR as a percentage value for MCB.CA suggests some volalility.
Average Directional Index/ADX (14)	36.62	POSITIVE	The high ADX value value for MCB.CA suggests a strong trend.