MCRI Technical Analysis - MONARCH CASINO & RESORT INC

Technical Rating and Analysis

We assign a technical rating of 2 out of 10 to MCRI. MCRI has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.

In the last month MCRI has a been trading in the 94.10 - 107.00 range, which is quite wide. It is currently trading near the lows of this range.

MCRI is one of the better performing stocks in the Hotels, Restaurants & Leisure industry, it outperforms 77% of 135 stocks in the same industry.

The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.

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 65% of all stocks.

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.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

MONARCH CASINO & RESORT INC / MCRI Weekly stock chart

MONARCH CASINO & RESORT INC / MCRI Daily stock chart

Setup Rating and Analysis

MCRI has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

76.95

109.29

3 important support areas can be observed.

A support zone ranging from 94.70 to 94.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @92.47 from a trend line in the daily time frame.
Support @77.73 from a trend line in the weekly time frame.

We can see 2 important resistance areas.

A resistance zone ranging from 105.15 to 105.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
A resistance zone ranging from 108.21 to 108.21. This zone is formed by a combination of multiple trend lines in the daily time frame.

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Technical Indicator Signal Analysis

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	DOWN	NEGATIVE	The short term trend for MCRI is down.
ChartMill Relative Strength	65.45	NEUTRAL	MCRI is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of MCRI is below a declining 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)	29.45	OVERSOLD	The low RSI value suggests MCRI may be oversold.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.93	NEGATIVE	The MACD value suggests MCRI has a negative trend, although the MACD value is rising.
Stochastics (14,3)	6.62	OVERSOLD	The low Stochastics value suggests MCRI may be oversold.
Average True Range in percent/ATR (20)	2.54	MEDIUM VOLATILITY	The ATR as a percentage value for MCRI suggests some volalility.
Average Directional Index/ADX (14)	23.06	NEUTRAL	The ADX value for MCRI suggests a possible start of a new trend.