MASTERCRAFT BOAT HOLDINGS IN (MCFT) Stock Technical Analysis
USA - NASDAQ:MCFT - US57637H1032 - Common Stock
21.53 USD
+0.1 (+0.47%)
21.53 USD
0 (0%)
Taking everything into account, MCFT scores 6 out of 10 in our technical rating. MCFT has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
In the last month MCFT has a been trading in the 21.09 - 23.93 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
MCFT is part of the Leisure Products industry. There are 33 other stocks in this industry. MCFT outperforms 81% of them.
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.
When comparing the yearly performance of all stocks, we notice that MCFT is one of the better performing stocks in the market, outperforming 74% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
Although the technical rating is only medium, MCFT does present a nice setup opportunity. 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 21.52, a Stop Loss order could be placed below this zone.
More info and screens
17.61
24.04
When analyzing the support we can see 3 important areas.
- A support zone ranging from 20.62 to 21.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @19.07 from a horizontal line in the daily time frame.
- Support @17.79 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 23.03 to 23.08. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A resistance zone ranging from 23.72 to 23.80. 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 | NEUTRAL | NEUTRAL | The short term trend for MCFT is neutral. |
| ChartMill Relative Strength | 74.67 | POSITIVE | MCFT has a high relative strength, it outperformed 74.67% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MCFT is below a declining 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) | 47.69 | NEUTRAL | The RSI value for MCFT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.15 | NEGATIVE | The MACD value suggests MCFT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 20.43 | NEUTRAL | The Stochastics value for MCFT is a neutral value. |
| Average True Range in percent/ATR (20) | 3.38 | MEDIUM VOLATILITY | The ATR as a percentage value for MCFT suggests some volalility. |
| Average Directional Index/ADX (14) | 23.04 | NEUTRAL | The ADX value for MCFT suggests a possible start of a new 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 |
|---|---|---|---|
| 21.63 | 21.08 | 0.55 (2.54%) | 25.00% |
| An entry @21.63. This is a Buy Stop order right above the 10 day moving average. | An exit @21.08. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.55 points, which is 2.54%. | For a 0.63% 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 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.
21.53
+0.1 (+0.47%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryLeisure Products
Performance
% Chg0.47%
1 Week-1.28%
2 Weeks-0.74%
1 Month-6.72%
3 Month6.43%
6 Month37.13%
12 Month22.05%
2 Year5.33%
3 Year-1.06%
5 Year4.41%
10 Year63.48%
15 YearN/A
Volatility
ATR(14)0.62
ATR(20)%3.38%
ATR Inc-6.47%
Range Today0.83
ADR(20)0.72
ADR(20)%3.33%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS74.67
Mansfield0.22
10 Day High22.46
10 Day Low21.09
20 Day High23.94
20 Day Low21.09
52 Week High23.94
52 Week Low14.39
CS1 End21.52
CR1 Start23.03
Volume & EV
DER(3)-1.04%
DER(5)-0.66%
Volume103.90K
Volume Incr-36.1%
Vol(5)100.46K
Vol(50)142.67K