MISTER CAR WASH INC (MCW) Stock Technical Analysis
NASDAQ:MCW • US60646V1052
Taking everything into account, MCW scores 8 out of 10 in our technical rating. 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 76% of 74 stocks in the same industry.
- In the last month MCW has a been trading in the 5.33 - 7.14 range, which is quite wide. It is currently trading near the high of this range.
- MCW has an average volume of 2434790 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When compared to the yearly performance of all other stocks, MCW outperforms 62% of them, which is more or less in line with the market.
- MCW is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MCW is lagging the market.
Although MCW has an excellent technical rating, it does not present a decent entry opportunity 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
5.60
We found 3 important support areas.
- Support @6.98 from a horizontal line in the daily time frame.
- Support @5.76 from a trend line in the weekly time frame.
- Support @5.66 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 7.13 to 7.13. 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 MCW is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MCW is up. |
| ChartMill Relative Strength | 62.29 | NEUTRAL | MCW is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MCW is above the rising 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) | DOWN | MIXED | The current price of MCW is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 75.84 | OVERBOUGHT | The high RSI value suggests MCW may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests MCW has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 95.5 | OVERBOUGHT | The high Stochastics value suggests MCW may be overbought. |
| Average True Range in percent/ATR (20) | 2.97 | MEDIUM VOLATILITY | The ATR as a percentage value for MCW suggests some volalility. |
| Average Directional Index/ADX (14) | 29.41 | POSITIVE | The high ADX value value for MCW suggests a strong trend. |
7.12
+0.09 (+1.28%)
MISTER CAR WASH INC / MCW FAQ
What is the technical rating for MCW stock?
ChartMill assigns a technical rating of 8 / 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 75.8388. This indicates that the stock is currently overbought.
What is the MACD signal for MCW stock?
The MACD indicator for MISTER CAR WASH INC (MCW) has a value of 0.0815328, 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.