MISTER CAR WASH INC (MCW) Technical Analysis
NASDAQ:MCW • US60646V1052
Current stock price
MCW Technical Rating and Analysis
We assign a technical rating of 7 out of 10 to MCW. Although MCW is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- The long and short term trends are both positive. This is looking good!
- MCW is one of the better performing stocks in the Diversified Consumer Services industry, it outperforms 73% of 73 stocks in the same industry.
- MCW is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- MCW has an average volume of 2828050 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the performance of all stocks over the past year, MCW turns out to be only a medium performer in the overall market: it outperformed 59% of all stocks.
- MCW is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MCW is lagging the market slightly.
- In the last month MCW has a been trading in a tight range between 6.96 and 7.14.
MCW Weekly and Daily overview Charts
MCW Setup Rating and Analysis
Besides having an excellent technical rating, MCW also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 6.95, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for MCW in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
MCW Support and Resistance Analysis
5.78
We found 2 important support areas.
- A support zone ranging from 6.95 to 6.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 5.84 to 5.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 6.98 to 7.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
MCW 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 MCW is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MCW is up. |
| ChartMill Relative Strength | 59.38 | NEUTRAL | MCW is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MCW is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MCW is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MCW is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.81 | NEUTRAL | The RSI value for MCW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests MCW has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 3.92 | OVERSOLD | The low Stochastics value suggests MCW may be oversold. |
| Average True Range in percent/ATR (20) | 0.85 | LOW VOLATILITY | The low ATR as a percentage value for MCW suggests low volalility. |
| Average Directional Index/ADX (14) | 35.23 | POSITIVE | The high ADX value value for MCW suggests a strong trend. |
MCW Chart- and CandleStick Pattern Analysis
MCW Example Setup
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 |
|---|---|---|---|
| 6.99 | 6.95 | 0.04 (0.56%) | 25.00% |
| An entry @6.99. This is a Buy Stop order right above the 10 day moving average. | An exit @6.95. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.04 points, which is 0.56%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.14%. |
- The distance between exit and entry is rather small compared to the average daily movement of MCW. Please evaluate whether better entry and exit points can be found.
- 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.
MCW Technicals: Chart, Performance Metrics, Trend & Indicators
6.96
-0.02 (-0.29%)
MISTER CAR WASH INC / MCW TA FAQ
What is the technical rating for MCW stock?
ChartMill assigns a technical rating of 7 / 10 to MCW.
What is the current trend direction of MISTER CAR WASH INC (MCW) stock?
The current trend direction for MISTER CAR WASH INC (MCW) is Bullish.
What is the RSI signal for MISTER CAR WASH INC (MCW) stock?
MISTER CAR WASH INC (MCW) has an RSI value of 62.813. This indicates that the stock is currently neutral.
What is the MACD signal for MCW stock?
The MACD indicator for MISTER CAR WASH INC (MCW) has a value of -0.0524217, indicating a bearish trend.
What is the buy/sell signal for MCW stock?
The buy/sell signal for MISTER CAR WASH INC (MCW) is buy as both the short term and long term trends are positive.