MFS CHARTER INCOME TRUST (MCR) Stock Technical Analysis
NYSE:MCR - New York Stock Exchange, Inc. - US5527271093 - Currency: USD
Taking everything into account, MCR scores 4 out of 10 in our technical rating. MCR has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
MCR 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 MCR is lagging the market slightly.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
When compared to the yearly performance of all other stocks, MCR outperforms 40% of them, which is more or less in line with the market.
In the last month MCR has a been trading in a tight range between 6.21 and 6.36.
Although the technical rating is only medium, MCR does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 6.30, a Stop Loss order could be placed below this zone.
More info and screens
5.82
6.65
We found 2 important support areas.
- A support zone ranging from 6.23 to 6.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 5.88 to 6.10. 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 6.30 to 6.30. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 6.43 to 6.58. 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 | NEUTRAL | NEUTRAL | The long term trend for MCR is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MCR is neutral. |
| ChartMill Relative Strength | 40.89 | NEUTRAL | MCR is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of MCR is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MCR is above the rising 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) | 53.84 | NEUTRAL | The RSI value for MCR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests MCR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 49.64 | NEUTRAL | The Stochastics value for MCR is a neutral value. |
| Average True Range in percent/ATR (20) | 0.81 | LOW VOLATILITY | The low ATR as a percentage value for MCR suggests low volalility. |
| Average Directional Index/ADX (14) | 17.87 | NEGATIVE | The low ADX value for MCR 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)
6.3
+0.01 (+0.13%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.13%
1 Week0.64%
2 Weeks-0.16%
1 Month0.24%
3 Month0.48%
6 Month2.11%
12 Month0.48%
2 Year-0.16%
3 Year0%
5 Year-20.75%
10 Year-25.62%
15 Year-31.3%
Volatility
ATR(14)0.05
ATR(20)%0.81%
ATR Inc-10.23%
Range Today0.04
ADR(20)0.05
ADR(20)%0.78%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS40.89
Mansfield-0.56
10 Day High6.36
10 Day Low6.22
20 Day High6.36
20 Day Low6.21
52 Week High6.58
52 Week Low5.57
CS1 End6.3
CR1 Start6.3
Volume & EV
DER(3)-0.79%
DER(5)-0.87%
Volume32.90K
Volume Incr-1.37%
Vol(5)47.60K
Vol(50)57.87K