MFS CHARTER INCOME TRUST (MCR) Stock Technical Analysis
NYSE:MCR - New York Stock Exchange, Inc. - US5527271093 - Currency: USD
Overall MCR gets a technical rating of 2 out of 10. In the last year, MCR was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
MCR has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 6.32. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 6.31, a Stop Loss order could be placed below this zone.
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5.82
2 important support areas can be observed.
- A support zone ranging from 6.23 to 6.29. 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.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 6.30 to 6.58. This zone is formed by a combination of multiple trend lines and important moving averages 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 MCR is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MCR is neutral. |
| ChartMill Relative Strength | 32.16 | NEUTRAL | MCR is not amongst the best or worst performers 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 | MIXED | The current price of MCR is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.16 | 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) | 27.1 | NEUTRAL | The Stochastics value for MCR is a neutral value. |
| Average True Range in percent/ATR (20) | 0.73 | LOW VOLATILITY | The low ATR as a percentage value for MCR suggests low volalility. |
| Average Directional Index/ADX (14) | 13.26 | NEGATIVE | The low ADX value for MCR suggests a weak or negative trend. |
NYSE:MCR (7/29/2025, 3:23:22 PM)
6.3
-0.01 (-0.16%)