MFS CHARTER INCOME TRUST (MCR) Technical Analysis
NYSE:MCR • US5527271093
Current stock price
MCR Technical Rating and Analysis
Overall MCR gets a technical rating of 0 out of 10. MCR's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 71% of all other stocks performed better in the past year than MCR.
- MCR 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 MCR is lagging the market slightly.
- In the last month MCR has a been trading in a tight range between 5.84 and 6.17.
MCR Weekly and Daily overview Charts
MCR Setup Rating and Analysis
Although the technical rating is bad, MCR does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 6.03. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 5.86, a Stop Loss order could be placed below this zone.
More info and screens
MCR Support and Resistance Analysis
5.80
We found 1 important support area.
- A support zone ranging from 5.86 to 5.86. 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 6.03 to 6.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 6.38 to 6.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
MCR Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The long term trend for MCR is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MCR is down. |
| ChartMill Relative Strength | 29.03 | NEGATIVE | MCR has a low relative strength, it was outperformed by 70.97% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MCR is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MCR is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MCR is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 42.38 | NEUTRAL | The RSI value for MCR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests MCR has a positive trend. |
| Stochastics (14,3) | 61.75 | NEUTRAL | The Stochastics value for MCR is a neutral value. |
| Average True Range in percent/ATR (20) | 1.48 | LOW VOLATILITY | The low ATR as a percentage value for MCR suggests low volalility. |
| Average Directional Index/ADX (14) | 40.59 | POSITIVE | The high ADX value value for MCR suggests a strong trend. |
MCR Chart- and CandleStick Pattern Analysis
MCR Technicals: Chart, Performance Metrics, Trend & Indicators
5.97
-0.05 (-0.83%)
MFS CHARTER INCOME TRUST / MCR TA FAQ
What is the technical rating for MCR stock?
ChartMill assigns a technical rating of 0 / 10 to MCR.
Can you provide the trend direction for MFS CHARTER INCOME TRUST?
The current trend direction for MFS CHARTER INCOME TRUST (MCR) is Bearish.
What is the RSI signal for MCR stock?
MFS CHARTER INCOME TRUST (MCR) has an RSI value of 42.3834. This indicates that the stock is currently neutral.
What is the MACD signal for MFS CHARTER INCOME TRUST (MCR) stock?
The MACD indicator for MFS CHARTER INCOME TRUST (MCR) has a value of 0.00543274, indicating a bearish trend.
Can you provide the support and resistance levels for MFS CHARTER INCOME TRUST?
MFS CHARTER INCOME TRUST (MCR) has a support level at 5.86 and a resistance level at 6.03. Check the full technical report for our detailed analysis of MCR support and resistance levels.