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.
MCRI has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 97.22, a Stop Loss order could be placed below this zone.
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78.29
When analyzing the support we can see 4 important areas.
- A support zone ranging from 95.52 to 97.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 92.47 to 93.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 89.05 to 90.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @79.08 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @105.15 from a horizontal line in the weekly time frame.
- 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 | UP | POSITIVE | The long term trend for MCRI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MCRI is up. |
| ChartMill Relative Strength | 52.68 | 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 | MIXED | The current price of MCRI is above 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) | 59.02 | NEUTRAL | The RSI value for MCRI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests MCRI has a positive trend. |
| Stochastics (14,3) | 42.23 | NEUTRAL | The Stochastics value for MCRI is a neutral value. |
| Average True Range in percent/ATR (20) | 1.74 | LOW VOLATILITY | The low ATR as a percentage value for MCRI suggests low volalility. |
| Average Directional Index/ADX (14) | 23.12 | NEUTRAL | The ADX value for MCRI suggests a possible start of a new trend. |
97.23
+1.28 (+1.33%)
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 current trend direction of MONARCH CASINO & RESORT INC (MCRI) stock?
The current trend direction for MONARCH CASINO & RESORT INC (MCRI) is Bullish.
Can you provide the RSI signal for MONARCH CASINO & RESORT INC?
MONARCH CASINO & RESORT INC (MCRI) has an RSI value of 59.0217. 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 0.104973, indicating a bearish trend.
What is the buy/sell signal for MONARCH CASINO & RESORT INC (MCRI) stock?
The buy/sell signal for MONARCH CASINO & RESORT INC (MCRI) is buy as both the short term and long term trends are positive.