MONARCH CASINO & RESORT INC (MCRI) Technical Analysis
NASDAQ:MCRI • US6090271072
Taking everything into account, MCRI scores 5 out of 10 in our technical rating. MCRI has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- MCRI is one of the better performing stocks in the Hotels, Restaurants & Leisure industry, it outperforms 71% of 126 stocks in the same industry.
- When compared to the yearly performance of all other stocks, MCRI outperforms 62% of them, which is more or less in line with the market.
- MCRI is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MCRI is lagging the market.
- In the last month MCRI has a been trading in the 92.05 - 101.07 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is only medium, MCRI does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 99.08. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 97.70, a Stop Loss order could be placed below this zone.
More info and screens
80.47
We found 3 important support areas.
- A support zone ranging from 93.71 to 97.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 89.05 to 90.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @81.28 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 99.08 to 100.65. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @105.15 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 MCRI is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MCRI is up. |
| ChartMill Relative Strength | 62.68 | NEUTRAL | MCRI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of MCRI is above a declining 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) | 61.09 | NEUTRAL | The RSI value for MCRI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.18 | POSITIVE | The MACD value suggests MCRI has a positive trend. |
| Stochastics (14,3) | 82.73 | OVERBOUGHT | The high Stochastics value suggests MCRI may be overbought. |
| Average True Range in percent/ATR (20) | 3.04 | MEDIUM VOLATILITY | The ATR as a percentage value for MCRI suggests some volalility. |
| Average Directional Index/ADX (14) | 12.73 | NEGATIVE | The low ADX value for MCRI suggests a weak or negative trend. |
MCRI Technicals: Chart, Performance Metrics, Trend & Indicators
98.91
+1.01 (+1.03%)
MONARCH CASINO & RESORT INC / MCRI FAQ
Can you provide the ChartMill technical rating for MONARCH CASINO & RESORT INC?
ChartMill assigns a technical rating of 5 / 10 to MCRI.
What is the trend direction for MCRI stock?
The current trend direction for MONARCH CASINO & RESORT INC (MCRI) is Bearish.
Can you provide the RSI signal for MONARCH CASINO & RESORT INC?
MONARCH CASINO & RESORT INC (MCRI) has an RSI value of 61.0942. This indicates that the stock is currently neutral.
What is the MACD signal for MCRI stock?
The MACD indicator for MONARCH CASINO & RESORT INC (MCRI) has a value of 0.183308, indicating a bearish trend.
Can you provide the support and resistance levels for MONARCH CASINO & RESORT INC?
MONARCH CASINO & RESORT INC (MCRI) has a support level at 97.7 and a resistance level at 99.08. Check the full technical report for our detailed analysis of MCRI support and resistance levels.