MASTERCRAFT BOAT HOLDINGS IN (MCFT) Stock Technical Analysis
NASDAQ:MCFT - Nasdaq - US57637H1032 - Common Stock - Currency: USD
Taking everything into account, MCFT 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, MCFT is only an average performer.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the performance of all stocks over the past year, MCFT turns out to be only a medium performer in the overall market: it outperformed 54% of all stocks.
MCFT is part of the Leisure Products industry. There are 30 other stocks in this industry, MCFT did better than 68% of them.
MCFT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MCFT is lagging the market.
In the last month MCFT has a been trading in the 17.55 - 20.88 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, MCFT 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 support zone below the current price at 19.32, a Stop Loss order could be placed below this zone.
More info and screens
16.45
21.60
When analyzing the support we can see 4 important areas.
- A support zone ranging from 19.07 to 19.32. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 18.27 to 18.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @17.79 from a horizontal line in the daily time frame.
- A support zone ranging from 16.62 to 16.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- Resistance @20.23 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 20.58 to 20.94. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @21.39 from a horizontal line in the weekly time frame.
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 MCFT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MCFT is up. |
| ChartMill Relative Strength | 54.93 | NEUTRAL | MCFT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MCFT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MCFT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MCFT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.03 | NEUTRAL | The RSI value for MCFT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests MCFT has a negative trend. |
| Stochastics (14,3) | 46.16 | NEUTRAL | The Stochastics value for MCFT is a neutral value. |
| Average True Range in percent/ATR (20) | 3.57 | MEDIUM VOLATILITY | The ATR as a percentage value for MCFT suggests some volalility. |
| Average Directional Index/ADX (14) | 29.52 | POSITIVE | The high ADX value value for MCFT suggests a strong 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 |
|---|---|---|---|
| 20.24 | 19.06 | 1.18 (5.83%) | 17.15% |
| An entry @20.24. This is a Buy Stop order right above the resistance zone. | An exit @19.06. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.18 points, which is 5.83%. | When investing 17.15% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
19.36
-0.28 (-1.43%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryLeisure Products
Performance
% Chg-1.43%
1 Week-4.3%
2 Weeks-4.3%
1 Month7.98%
3 Month21%
6 Month5.45%
12 Month-3.73%
2 Year-36.84%
3 Year-18.28%
5 Year-6.47%
10 Year26.54%
15 YearN/A
Volatility
ATR(14)0.71
ATR(20)%3.57%
ATR Inc-14.52%
Range Today0.53
ADR(20)0.67
ADR(20)%3.47%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS54.93
Mansfield-0.33
10 Day High20.88
10 Day Low19.03
20 Day High20.88
20 Day Low17.55
52 Week High23
52 Week Low14.39
CS1 End19.32
CR1 Start20.23
Volume & EV
DER(3)-3.03%
DER(5)-1.67%
Volume65.60K
Volume Incr-15.69%
Vol(5)88.72K
Vol(50)98.47K