MONARCH CASINO & RESORT INC (MCRI) Stock Technical Analysis
USA - NASDAQ:MCRI - US6090271072 - Common Stock
Taking everything into account, MCRI scores 2 out of 10 in our technical rating. 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.
Although the technical rating is bad, MCRI does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 91.17, a Stop Loss order could be placed below this zone.
More info and screens
77.63
2 important support areas can be observed.
- A support zone ranging from 89.05 to 91.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @78.41 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.
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 | 55.69 | 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) | 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) | 50.71 | NEUTRAL | The RSI value for MCRI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.53 | POSITIVE | The MACD value suggests MCRI has a positive trend. |
| Stochastics (14,3) | 58.8 | NEUTRAL | The Stochastics value for MCRI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.8 | MEDIUM VOLATILITY | The ATR as a percentage value for MCRI suggests some volalility. |
| Average Directional Index/ADX (14) | 27.5 | POSITIVE | The high ADX value value for MCRI suggests a strong trend. |
94.59
+1.94 (+2.09%)
MONARCH CASINO & RESORT INC / MCRI FAQ
Can you provide the ChartMill technical rating for MONARCH CASINO & RESORT INC?
ChartMill assigns a technical rating of 2 / 10 to MCRI.
What is the current trend direction of MONARCH CASINO & RESORT INC (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 50.7063. This indicates that the stock is currently neutral.
What is the MACD signal for MONARCH CASINO & RESORT INC (MCRI) stock?
The MACD indicator for MONARCH CASINO & RESORT INC (MCRI) has a value of 0.528482, indicating a bearish trend.