MONARCH CASINO & RESORT INC (MCRI) Stock Technical Analysis
NASDAQ:MCRI • US6090271072
Overall MCRI gets a technical rating of 3 out of 10. MCRI has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- When comparing the performance of all stocks over the past year, MCRI turns out to be only a medium performer in the overall market: it outperformed 43% of all stocks.
- MCRI is an average performer in the Hotels, Restaurants & Leisure industry, it outperforms 64% of 126 stocks in the same industry.
- 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 88.34 - 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 bad, MCRI does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
79.96
We found 3 important support areas.
- A support zone ranging from 92.44 to 93.41. 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 90.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @80.77 from a trend line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 94.76 to 95.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 99.94 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 | NEUTRAL | NEUTRAL | The short term trend for MCRI is neutral. |
| ChartMill Relative Strength | 43.06 | NEUTRAL | MCRI is not amongst the best or worst performers 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) | DOWN | NEGATIVE | The current price of MCRI is below a declining 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) | 51.42 | NEUTRAL | The RSI value for MCRI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests MCRI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 43.11 | NEUTRAL | The Stochastics value for MCRI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.88 | MEDIUM VOLATILITY | The ATR as a percentage value for MCRI suggests some volalility. |
| Average Directional Index/ADX (14) | 22.64 | NEUTRAL | The ADX value for MCRI suggests a possible start of a new trend. |
94.7
+1.11 (+1.19%)
MONARCH CASINO & RESORT INC / MCRI FAQ
Can you provide the ChartMill technical rating for MONARCH CASINO & RESORT INC?
ChartMill assigns a technical rating of 3 / 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 51.4215. 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 0.12115, 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 93.41 and a resistance level at 94.76. Check the full technical report for our detailed analysis of MCRI support and resistance levels.