Overall MCRI gets a technical rating of 2 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.
- In the last month MCRI has a been trading in the 88.34 - 97.06 range, which is quite wide. It is currently trading near the high of this range.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- When compared to the yearly performance of all other stocks, MCRI outperforms 53% of them, which is more or less in line with the market.
- MCRI is an average performer in the Hotels, Restaurants & Leisure industry, it outperforms 66% of 132 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.
- Volume is considerably higher in the last couple of days.
MCRI has a poor technical rating and the quality of the setup is also only medium 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.
More info and screens
79.64
2 important support areas can be observed.
- A support zone ranging from 89.05 to 91.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @80.44 from a trend line in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 97.78 to 97.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 100.65 to 101.54. 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.
- Resistance @108.21 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 | 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 | 53.56 | 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 | MIXED | The current price of MCRI is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.56 | NEUTRAL | The RSI value for MCRI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.5 | POSITIVE | The MACD value suggests MCRI has a positive trend. |
| Stochastics (14,3) | 65.98 | NEUTRAL | The Stochastics value for MCRI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.25 | MEDIUM VOLATILITY | The ATR as a percentage value for MCRI suggests some volalility. |
| Average Directional Index/ADX (14) | 33.12 | POSITIVE | The high ADX value value for MCRI suggests a strong trend. |
93.31
-0.51 (-0.54%)
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 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 52.5637. 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 0.495429, 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 91.6 and a resistance level at 97.78. Check the full technical report for our detailed analysis of MCRI support and resistance levels.