MONARCH CASINO & RESORT INC (MCRI) Stock Technical Analysis
NASDAQ:MCRI - Nasdaq - US6090271072 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to MCRI. Both in the recent history as in the last year, MCRI has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, MCRI did better than 88% of all other stocks.
MCRI is part of the Hotels, Restaurants & Leisure industry. There are 131 other stocks in this industry. MCRI outperforms 78% of them.
MCRI is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so MCRI is performing more or less in line with the market.
MCRI is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Besides having an excellent technical rating, MCRI also presents a decent setup pattern. 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 very little resistance above the current price.
More info and screens
72.90
102.52
We found 5 important support areas.
- A support zone ranging from 101.49 to 101.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @88.51 from a trend line in the daily time frame.
- A support zone ranging from 82.87 to 83.47. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @76.11 from a trend line in the weekly time frame.
- Support @73.64 from a horizontal line in the daily 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 | UP | POSITIVE | The long term trend for MCRI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MCRI is up. |
| ChartMill Relative Strength | 88.82 | POSITIVE | MCRI has a high relative strength, it outperformed 88.82% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MCRI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MCRI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MCRI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.88 | NEUTRAL | The RSI value for MCRI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.21 | NEGATIVE | The MACD value suggests MCRI has a negative trend. |
| Stochastics (14,3) | 60.02 | NEUTRAL | The Stochastics value for MCRI is a neutral value. |
| Average True Range in percent/ATR (20) | 3.36 | MEDIUM VOLATILITY | The ATR as a percentage value for MCRI suggests some volalility. |
| Average Directional Index/ADX (14) | 43.61 | POSITIVE | The high ADX value value for MCRI suggests a strong 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 |
|---|---|---|---|
| 104.52 | 101.48 | 3.04 (2.91%) | 25.00% |
| An entry @104.52. This is a Buy Stop order right above the 10 day moving average. | An exit @101.48. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 3.04 points, which is 2.91%. | For a 0.73% 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 MCRI. 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.
101.5
-1.46 (-1.42%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg-1.42%
1 Week-2.72%
2 Weeks-3.47%
1 Month13.04%
3 Month28.06%
6 Month18.94%
12 Month39.02%
2 Year50.59%
3 Year68.07%
5 Year120.6%
10 Year478.35%
15 Year966.18%
Volatility
ATR(14)4.06
ATR(20)%3.36%
ATR Inc-51.78%
Range Today2.24
ADR(20)2.67
ADR(20)%2.63%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.82
Mansfield1.54
10 Day High108.52
10 Day Low100.13
20 Day High113.88
20 Day Low85.66
52 Week High113.88
52 Week Low69.99
CS1 End101.49
CR1 StartN/A
Volume & EV
DER(3)0.11%
DER(5)-1.56%
Volume144.40K
Volume Incr-24.98%
Vol(5)133.30K
Vol(50)134.47K