MASTERCRAFT BOAT HOLDINGS IN (MCFT) Stock Technical Analysis
NASDAQ:MCFT • US57637H1032
Taking everything into account, MCFT scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MCFT is showing a nice and steady performance.
- 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 MCFT is one of the better performing stocks in the market, outperforming 83% of all stocks.
- MCFT is one of the better performing stocks in the Leisure Products industry, it outperforms 83% of 31 stocks in the same industry.
- MCFT 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 MCFT is lagging the market slightly.
- In the last month MCFT has a been trading in the 20.53 - 26.49 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 very little resistance above the current price. There is a support zone below the current price at 23.28, a Stop Loss order could be placed below this zone.
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18.70
When analyzing the support we can see 3 important areas.
- A support zone ranging from 22.80 to 23.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 20.89 to 20.91. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 18.89 to 19.05. 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 MCFT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MCFT is up. |
| ChartMill Relative Strength | 83.68 | POSITIVE | MCFT has a high relative strength, it outperformed 83.68% off all stocks 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) | 55.17 | NEUTRAL | The RSI value for MCFT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests MCFT has a negative trend. |
| Stochastics (14,3) | 47.12 | NEUTRAL | The Stochastics value for MCFT is a neutral value. |
| Average True Range in percent/ATR (20) | 4.46 | MEDIUM VOLATILITY | The ATR as a percentage value for MCFT suggests some volalility. |
| Average Directional Index/ADX (14) | 30.18 | POSITIVE | The high ADX value value for MCFT suggests a strong trend. |
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 |
|---|---|---|---|
| 24.03 | 22.90 | 1.13 (4.71%) | 21.21% |
| An entry @24.03. This is a Buy Stop order right above the 10 day moving average. | An exit @22.90. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.13 points, which is 4.71%. | For a 1.00% total portfolio risk, you can invest 21.21% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of MCFT. 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.
23.29
-0.34 (-1.44%)
MASTERCRAFT BOAT HOLDINGS IN / MCFT FAQ
What is the technical rating for MCFT stock?
ChartMill assigns a technical rating of 10 / 10 to MCFT.
What is the current trend direction of MASTERCRAFT BOAT HOLDINGS IN (MCFT) stock?
The current trend direction for MASTERCRAFT BOAT HOLDINGS IN (MCFT) is Bullish.
What is the RSI signal for MASTERCRAFT BOAT HOLDINGS IN (MCFT) stock?
MASTERCRAFT BOAT HOLDINGS IN (MCFT) has an RSI value of 55.1684. This indicates that the stock is currently neutral.
What is the MACD signal for MASTERCRAFT BOAT HOLDINGS IN (MCFT) stock?
The MACD indicator for MASTERCRAFT BOAT HOLDINGS IN (MCFT) has a value of -0.123747, indicating a bearish trend.
Can you provide the short term momentum for MASTERCRAFT BOAT HOLDINGS IN?
The short term momentum for MASTERCRAFT BOAT HOLDINGS IN (MCFT) is positive.