MONARCH CASINO & RESORT INC (MCRI) Stock Technical Analysis
NASDAQ:MCRI - Nasdaq - US6090271072 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to MCRI. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MCRI is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, MCRI did better than 82% of all other stocks. We also observe that the gains produced by MCRI over the past year are nicely spread over this period.
MCRI is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so MCRI is lagging the market slightly.
In the last month MCRI has a been trading in the 82.17 - 90.02 range, which is quite wide. It is currently trading near the high of this range.
MCRI is part of the Hotels, Restaurants & Leisure industry. There are 133 other stocks in this industry, MCRI did better than 64% of them.
Although MCRI has an excellent technical rating, it does not offer a high quality setup 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
72.90
95.41
We found 4 important support areas.
- A support zone ranging from 85.34 to 86.55. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 82.55 to 83.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @75.38 from a trend line in the weekly time frame.
- Support @73.64 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 94.47 to 94.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 82.12 | POSITIVE | MCRI has a high relative strength, it outperformed 82.12% off all stocks 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) | UP | POSITIVE | The current price of MCRI is above the rising 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) | 71.66 | OVERBOUGHT | The high RSI value suggests MCRI may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.31 | POSITIVE | The MACD value suggests MCRI has a positive trend. |
| Stochastics (14,3) | 82.67 | OVERBOUGHT | The high Stochastics value suggests MCRI may be overbought. |
| Average True Range in percent/ATR (20) | 1.96 | LOW VOLATILITY | The low ATR as a percentage value for MCRI suggests low volalility. |
| Average Directional Index/ADX (14) | 22.45 | NEUTRAL | The ADX value for MCRI suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
89.44
+0.56 (+0.63%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg0.63%
1 Week4.19%
2 Weeks7.01%
1 Month5.32%
3 Month22.54%
6 Month14.31%
12 Month34.72%
2 Year29.02%
3 Year39.42%
5 Year147.14%
10 Year380.6%
15 Year739.81%
Volatility
ATR(14)1.91
ATR(20)%1.96%
ATR Inc66.55%
Range Today1.92
ADR(20)1.74
ADR(20)%1.94%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.12
Mansfield0.34
10 Day High90.02
10 Day Low83.1
20 Day High90.02
20 Day Low82.17
52 Week High96.11
52 Week Low66.2
CS1 End85.04
CR1 Start94.47
Volume & EV
DER(3)3.11%
DER(5)1.87%
Volume67.60K
Volume Incr-12.25%
Vol(5)89.72K
Vol(50)91.72K