MISTER CAR WASH INC (MCW) Stock Technical Analysis
NASDAQ:MCW - Nasdaq - US60646V1052 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to MCW. MCW scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, MCW is a bad performer in the overall market: 88% of all stocks are doing better.
MCW is one of the lesser performing stocks in the Diversified Consumer Services industry. 66% of 72 stocks in the same industry do better.
MCW is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
MCW has an average volume of 1535550 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month MCW has a been trading in the 6.00 - 6.86 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, MCW does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 6.59. Right above this resistance zone may be a good entry point.
More info and screens
5.92
8.57
We found 2 important support areas.
- Support @6.20 from a trend line in the weekly time frame.
- A support zone ranging from 5.98 to 6.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 6.59 to 6.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 6.83 to 6.85. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 7.06 to 7.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 8.24 to 8.35. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Resistance @8.49 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 | DOWN | NEGATIVE | The long term trend for MCW is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MCW is down. |
| ChartMill Relative Strength | 12.69 | NEGATIVE | MCW has a low relative strength, it was outperformed by 87.31% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of MCW is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MCW is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MCW is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 42.92 | NEUTRAL | The RSI value for MCW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests MCW has a negative trend. |
| Stochastics (14,3) | 26.55 | NEUTRAL | The Stochastics value for MCW is a neutral value. |
| Average True Range in percent/ATR (20) | 3.62 | MEDIUM VOLATILITY | The ATR as a percentage value for MCW suggests some volalility. |
| Average Directional Index/ADX (14) | 13.59 | NEGATIVE | The low ADX value for MCW 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)
6.25
-0.2 (-3.1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryDiversified Consumer Services
Performance
% Chg-3.1%
1 Week-6.02%
2 Weeks-2.5%
1 Month3.99%
3 Month-17.11%
6 Month-22.07%
12 Month-12.34%
2 Year-37.06%
3 Year-46.12%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.21
ATR(20)%3.62%
ATR Inc5.81%
Range Today0.27
ADR(20)0.21
ADR(20)%3.42%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS12.69
Mansfield-1.99
10 Day High6.72
10 Day Low6.14
20 Day High6.86
20 Day Low6
52 Week High8.6
52 Week Low5.84
CS1 End6.2
CR1 Start6.59
Volume & EV
DER(3)-0.4%
DER(5)0.71%
Volume2.10M
Volume Incr-19.91%
Vol(5)1.41M
Vol(50)1.54M