BARINGS CORPORATE INVESTORS (MCI) Stock Technical Analysis
NYSE:MCI - New York Stock Exchange, Inc. - US06759X1072 - Currency: USD
Overall MCI gets a technical rating of 6 out of 10. MCI was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
When comparing the yearly performance of all stocks, we notice that MCI is one of the better performing stocks in the market, outperforming 72% of all stocks. We also observe that the gains produced by MCI over the past year are nicely spread over this period.
In the last month MCI has a been trading in the 18.60 - 21.47 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
MCI is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MCI is lagging the market slightly.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
MCI has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
18.69
23.40
When analyzing the support we can see 3 important areas.
- Support @21.00 from a horizontal line in the daily time frame.
- A support zone ranging from 19.78 to 20.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 18.88 to 19.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 21.23 to 21.42. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @23.17 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 | NEUTRAL | NEUTRAL | The long term trend for MCI is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MCI is neutral. |
| ChartMill Relative Strength | 72.18 | POSITIVE | MCI has a high relative strength, it outperformed 72.18% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MCI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of MCI is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MCI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.56 | NEUTRAL | The RSI value for MCI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests MCI has a positive trend. |
| Stochastics (14,3) | 58.68 | NEUTRAL | The Stochastics value for MCI is a neutral value. |
| Average True Range in percent/ATR (20) | 3.2 | MEDIUM VOLATILITY | The ATR as a percentage value for MCI suggests some volalility. |
| Average Directional Index/ADX (14) | 17.14 | NEGATIVE | The low ADX value for MCI suggests a weak or negative 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)
21.03
+0.18 (+0.86%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.86%
1 Week7.52%
2 Weeks0.86%
1 Month10.05%
3 Month4.52%
6 Month5.15%
12 Month13.86%
2 Year41.14%
3 Year56.82%
5 Year56.47%
10 Year30.87%
15 Year60.35%
Volatility
ATR(14)0.69
ATR(20)%3.2%
ATR Inc106.84%
Range Today0.88
ADR(20)0.65
ADR(20)%3.1%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS72.18
Mansfield0.11
10 Day High21.47
10 Day Low19.25
20 Day High21.47
20 Day Low18.6
52 Week High25.24
52 Week Low16.91
CS1 End21
CR1 Start21.23
Volume & EV
DER(3)3.75%
DER(5)-2.83%
Volume95.10K
Volume Incr67.94%
Vol(5)68.78K
Vol(50)39.30K