Medley Capital Corp (MCC) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:MCC
Taking everything into account, MCC scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, MCC is only an average performer.
- Warning: MCC has an average volume of 11830 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The long and short term trends are both positive. This is looking good!
- MCC is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- When compared to the yearly performance of all other stocks, MCC outperforms 54% of them, which is more or less in line with the market.
- MCC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MCC is lagging the market.
Besides having an excellent technical rating, MCC 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 a resistance zone just above the current price starting at 28.47. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 28.30, a Stop Loss order could be placed below this zone.
More info and screens
18.94
We found 4 important support areas.
- A support zone ranging from 27.92 to 28.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @23.43 from a trend line in the daily time frame.
- Support @22.01 from a trend line in the daily time frame.
- Support @19.13 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 28.47 to 28.95. This zone is formed by a combination of multiple trend lines and important moving averages 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 MCC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MCC is up. |
| ChartMill Relative Strength | 54.01 | NEUTRAL | MCC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of MCC is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MCC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MCC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.19 | NEUTRAL | The RSI value for MCC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.37 | NEGATIVE | The MACD value suggests MCC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 20.42 | NEUTRAL | The Stochastics value for MCC is a neutral value. |
| Average True Range in percent/ATR (20) | 3.4 | MEDIUM VOLATILITY | The ATR as a percentage value for MCC suggests some volalility. |
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 |
|---|---|---|---|
| 28.96 | 27.91 | 1.05 (3.63%) | 25.00% |
| An entry @28.96. This is a Buy Stop order right above the resistance zone. | An exit @27.91. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.05 points, which is 3.63%. | For a 0.91% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of MCC. Please evaluate whether better entry and exit points can be found.
- 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.
NYSE:MCC (12/31/2020, 8:04:54 PM)
28.31
+0.39 (+1.4%)
Medley Capital Corp / MCC FAQ
Can you provide the ChartMill technical rating for Medley Capital Corp?
ChartMill assigns a technical rating of 8 / 10 to MCC.
What is the current trend direction of Medley Capital Corp (MCC) stock?
The current trend direction for Medley Capital Corp (MCC) is Bullish.
What is the RSI signal for MCC stock?
Medley Capital Corp (MCC) has an RSI value of 61.1859. This indicates that the stock is currently neutral.
What is the MACD signal for Medley Capital Corp (MCC) stock?
The MACD indicator for Medley Capital Corp (MCC) has a value of -0.367243, indicating a bearish trend.
Can you provide the support and resistance levels for Medley Capital Corp?
Medley Capital Corp (MCC) has a support level at 28.3 and a resistance level at 28.47. Check the full technical report for our detailed analysis of MCC support and resistance levels.