MCGRATH RENTCORP (MGRC) Stock Technical Analysis
NASDAQ:MGRC - Nasdaq - US5805891091 - Common Stock - Currency: USD
Overall MGRC gets a technical rating of 6 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, MGRC is only an average performer.
MGRC is one of the lesser performing stocks in the Trading Companies & Distributors industry. 61% of 48 stocks in the same industry do better.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
MGRC is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so MGRC is lagging the market slightly.
When comparing the performance of all stocks over the past year, MGRC turns out to be only a medium performer in the overall market: it outperformed 58% of all stocks.
In the last month MGRC has a been trading in the 113.86 - 128.41 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
MGRC has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 118.33, a Stop Loss order could be placed below this zone. 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
97.09
131.25
We found 6 important support areas.
- A support zone ranging from 117.45 to 118.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @112.38 from a horizontal line in the daily time frame.
- Support @105.60 from a trend line in the weekly time frame.
- Support @103.36 from a horizontal line in the weekly time frame.
- Support @101.44 from a horizontal line in the daily time frame.
- Support @98.07 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 127.19 to 129.95. 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 MGRC is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MGRC is neutral. |
| ChartMill Relative Strength | 58.01 | NEUTRAL | MGRC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of MGRC is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MGRC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MGRC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 46.94 | NEUTRAL | The RSI value for MGRC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.25 | NEGATIVE | The MACD value suggests MGRC has a negative trend. |
| Stochastics (14,3) | 40.4 | NEUTRAL | The Stochastics value for MGRC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.89 | MEDIUM VOLATILITY | The ATR as a percentage value for MGRC suggests some volalility. |
| Average Directional Index/ADX (14) | 12.19 | NEGATIVE | The low ADX value for MGRC 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)
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 |
|---|---|---|---|
| 119.81 | 117.44 | 2.37 (1.98%) | 25.00% |
| An entry @119.81. This is a Buy Stop order right above the 10 day moving average. | An exit @117.44. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.37 points, which is 1.98%. | For a 0.49% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of MGRC. 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.
118.425
-3.14 (-2.59%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryTrading Companies & Distributors
Performance
% Chg-2.59%
1 Week-2.85%
2 Weeks-0.07%
1 Month2.93%
3 Month4.45%
6 Month-6.88%
12 Month8.52%
2 Year17.14%
3 Year40.11%
5 Year78.46%
10 Year361.7%
15 Year489.47%
Volatility
ATR(14)2.75
ATR(20)%2.89%
ATR Inc24.53%
Range Today4.45
ADR(20)3.17
ADR(20)%2.68%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS58.01
Mansfield-0.44
10 Day High122.75
10 Day Low116.48
20 Day High128.41
20 Day Low113.86
52 Week High129.93
52 Week Low95.5
CS1 End118.33
CR1 Start127.19
Volume & EV
DER(3)-4.24%
DER(5)-5.14%
Volume94.20K
Volume Incr6.75%
Vol(5)134.46K
Vol(50)142.30K