MONARCH CASINO & RESORT INC (MCRI) Stock Technical Analysis
USA - NASDAQ:MCRI - US6090271072 - Common Stock
102.225 USD
-0.34 (-0.34%)
102.226 USD
0 (0%)
Overall MCRI gets a technical rating of 9 out of 10. In the last year, MCRI was one of the better performers, but we do observe some doubts in the very recent evolution.
In the last month MCRI has a been trading in the 100.02 - 106.75 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been consolidating recently, but much resistance may still be present above.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
When comparing the yearly performance of all stocks, we notice that MCRI is one of the better performing stocks in the market, outperforming 82% of all stocks. We also observe that the gains produced by MCRI over the past year are nicely spread over this period.
MCRI is one of the better performing stocks in the Hotels, Restaurants & Leisure industry, it outperforms 80% of 134 stocks in the same industry.
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.
Besides having an excellent technical rating, MCRI also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 105.16. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 102.15, a Stop Loss order could be placed below this zone.
More info and screens
76.28
109.30
We found 4 important support areas.
- A support zone ranging from 101.11 to 102.15. 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 95.43 to 96.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @83.47 from a horizontal line in the daily time frame.
- Support @77.05 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 105.16 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 108.22. 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 | NEUTRAL | NEUTRAL | The short term trend for MCRI is neutral. |
| ChartMill Relative Strength | 82.92 | POSITIVE | MCRI has a high relative strength, it outperformed 82.92% off all stocks 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) | 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) | 51.05 | NEUTRAL | The RSI value for MCRI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.35 | NEGATIVE | The MACD value suggests MCRI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 32.9 | NEUTRAL | The Stochastics value for MCRI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.42 | MEDIUM VOLATILITY | The ATR as a percentage value for MCRI suggests some volalility. |
| Average Directional Index/ADX (14) | 16.53 | NEGATIVE | The low ADX value for MCRI suggests a weak or negative 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 105.50 | 101.10 | 4.40 (4.17%) | 23.98% |
| An entry @105.50. This is a Buy Stop order right above the resistance zone. | An exit @101.10. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 4.40 points, which is 4.17%. | When investing 23.98% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
102.225
-0.34 (-0.34%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg-0.34%
1 Week-1.8%
2 Weeks0.34%
1 Month-0.14%
3 Month20.42%
6 Month25.91%
12 Month34.05%
2 Year64.61%
3 Year82.09%
5 Year129.2%
10 Year468.87%
15 Year811.1%
Volatility
ATR(14)2.37
ATR(20)%2.42%
ATR Inc-13.18%
Range Today2.18
ADR(20)2.39
ADR(20)%2.34%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.92
Mansfield0.66
10 Day High104.53
10 Day Low100.2
20 Day High106.75
20 Day Low100.02
52 Week High113.88
52 Week Low69.99
CS1 End102.15
CR1 Start105.16
Volume & EV
DER(3)0.91%
DER(5)0.86%
Volume318.30K
Volume Incr50.77%
Vol(5)134.92K
Vol(50)130.11K