MILACRON HLDGS CORP (MCRN) Technical Analysis
NYSE:MCRN
Current stock price
MCRN Technical Rating and Analysis
We assign a technical rating of 6 out of 10 to MCRN. In the last year, MCRN was one of the better performers, but we do observe some doubts in the very recent evolution.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- MCRN is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- When comparing the yearly performance of all stocks, we notice that MCRN is one of the better performing stocks in the market, outperforming 80% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
- In the last month MCRN has a been trading in a tight range between 16.61 and 17.24.
- Volume is considerably higher in the last couple of days.
MCRN Weekly and Daily overview Charts
MCRN Setup Rating and Analysis
Although the technical rating is only medium, MCRN does present a nice setup opportunity. 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. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
MCRN Support and Resistance Analysis
11.80
2 important support areas can be observed.
- A support zone ranging from 15.52 to 15.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @11.92 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 16.93 to 17.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @20.73 from a trend line in the weekly time frame.
MCRN Technical Indicator Signal Analysis
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 MCRN is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MCRN is neutral. |
| ChartMill Relative Strength | 80.67 | POSITIVE | MCRN has a high relative strength, it outperformed 80.67% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MCRN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MCRN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MCRN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.84 | NEUTRAL | The RSI value for MCRN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests MCRN has a negative trend. |
| Stochastics (14,3) | 43.94 | NEUTRAL | The Stochastics value for MCRN is a neutral value. |
| Average True Range in percent/ATR (20) | 0.96 | LOW VOLATILITY | The low ATR as a percentage value for MCRN suggests low volalility. |
MCRN Chart- and CandleStick Pattern Analysis
MCRN Technicals: Chart, Performance Metrics, Trend & Indicators
16.8
-0.17 (-1%)
MILACRON HLDGS CORP / MCRN TA FAQ
What is the technical rating for MCRN stock?
ChartMill assigns a technical rating of 5 / 10 to MCRN.
What is the current trend direction of MILACRON HLDGS CORP (MCRN) stock?
The current trend direction for MILACRON HLDGS CORP (MCRN) is Bullish.
What is the RSI signal for MCRN stock?
MILACRON HLDGS CORP (MCRN) has an RSI value of 47.8397. This indicates that the stock is currently neutral.
Can you provide the MACD signal for MILACRON HLDGS CORP?
The MACD indicator for MILACRON HLDGS CORP (MCRN) has a value of -0.034749, indicating a bearish trend.
What is the support and resistance level for MCRN stock?
MILACRON HLDGS CORP (MCRN) has a support level at 15.55 and a resistance level at 16.93. Check the full technical report for our detailed analysis of MCRN support and resistance levels.