MCGRATH RENTCORP (MGRC) Stock Technical Analysis
USA - NASDAQ:MGRC - US5805891091 - Common Stock
115.28 USD
-0.64 (-0.55%)
115.28 USD
0 (0%)
Taking everything into account, MGRC scores 1 out of 10 in our technical rating. MGRC has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
In the last month MGRC has a been trading in the 114.74 - 126.42 range, which is quite wide. It is currently trading near the lows of this range.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
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 46% of all stocks.
MGRC is part of the Trading Companies & Distributors industry. There are 49 other stocks in this industry, MGRC did better than 47% of them.
MGRC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MGRC is lagging the market.
MGRC has a poor technical rating and the quality of the setup is also only medium 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
97.15
130.25
We found 3 important support areas.
- Support @112.38 from a horizontal line in the daily time frame.
- Support @106.39 from a trend line in the weekly time frame.
- A support zone ranging from 98.13 to 99.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 117.94 to 121.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @124.50 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 127.18 to 128.96. 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 | NEUTRAL | NEUTRAL | The long term trend for MGRC is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MGRC is down. |
| ChartMill Relative Strength | 46.35 | NEUTRAL | MGRC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MGRC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MGRC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MGRC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 35.71 | NEUTRAL | The RSI value for MGRC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.72 | NEGATIVE | The MACD value suggests MGRC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 7.92 | OVERSOLD | The low Stochastics value suggests MGRC may be oversold. |
| Average True Range in percent/ATR (20) | 2.49 | MEDIUM VOLATILITY | The ATR as a percentage value for MGRC suggests some volalility. |
| Average Directional Index/ADX (14) | 18.17 | 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)
115.28
-0.64 (-0.55%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryTrading Companies & Distributors
Performance
% Chg-0.55%
1 Week-2.7%
2 Weeks-4.55%
1 Month-8.27%
3 Month-4.52%
6 Month9.67%
12 Month8.61%
2 Year14.59%
3 Year22.57%
5 Year101.96%
10 Year283.63%
15 Year355.47%
Volatility
ATR(14)2.53
ATR(20)%2.49%
ATR Inc-12.97%
Range Today2.46
ADR(20)2.77
ADR(20)%2.4%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS46.35
Mansfield-1.12
10 Day High122.98
10 Day Low114.74
20 Day High126.42
20 Day Low114.74
52 Week High129.93
52 Week Low97.81
CS1 End112.38
CR1 Start117.94
Volume & EV
DER(3)2.01%
DER(5)1.34%
Volume185.00K
Volume Incr9.78%
Vol(5)142.78K
Vol(50)131.56K