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.
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
79.13
When analyzing the support we can see 2 important areas.
- 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 @79.93 from a trend line in the weekly time frame.
6 important resistance areas can be observed.
- Resistance @92.75 from a trend line in the daily time frame.
- A resistance zone ranging from 94.31 to 96.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 98.61 to 100.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @102.28 from a trend line 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 | DOWN | NEGATIVE | The short term trend for MCRI is down. |
| ChartMill Relative Strength | 53.34 | NEUTRAL | MCRI is not amongst the best or worst performers 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 | MIXED | The current price of MCRI is below the rising 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) | 33.73 | NEUTRAL | The RSI value for MCRI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.63 | NEGATIVE | The MACD value suggests MCRI has a negative trend. |
| Stochastics (14,3) | 25.82 | NEUTRAL | The Stochastics value for MCRI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.21 | MEDIUM VOLATILITY | The ATR as a percentage value for MCRI suggests some volalility. |
| Average Directional Index/ADX (14) | 36.82 | POSITIVE | The high ADX value value for MCRI suggests a strong trend. |
91.99
-1.05 (-1.13%)
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 33.7339. 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 -0.634071, 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 92.75 and a resistance level at 94.83. Check the full technical report for our detailed analysis of MCRI support and resistance levels.