MCGRATH RENTCORP (MGRC) Stock Technical Analysis
USA - NASDAQ:MGRC - US5805891091 - Common Stock
We assign a technical rating of 0 out of 10 to MGRC. MGRC's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The technical rating of MGRC is bad and it also does not present a quality setup 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
101.78
When analyzing the support we notice one important area.
- Support @102.81 from a horizontal line in the weekly time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 112.55 to 113.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 120.90 to 121.37. This zone is formed by a combination of multiple trend lines in the daily time frame.
- 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 | DOWN | NEGATIVE | The long term trend for MGRC is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MGRC is down. |
| ChartMill Relative Strength | 18.17 | NEGATIVE | MGRC has a low relative strength, it was outperformed by 81.83% off all stocks 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) | 25.21 | OVERSOLD | The low RSI value suggests MGRC may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.94 | NEGATIVE | The MACD value suggests MGRC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 2.26 | OVERSOLD | The low Stochastics value suggests MGRC may be oversold. |
| Average True Range in percent/ATR (20) | 3.19 | MEDIUM VOLATILITY | The ATR as a percentage value for MGRC suggests some volalility. |
| Average Directional Index/ADX (14) | 36.57 | POSITIVE | The high ADX value value for MGRC suggests a strong trend. |
102.82
-1.12 (-1.08%)
MCGRATH RENTCORP / MGRC FAQ
What is the ChartMill technical rating of MCGRATH RENTCORP (MGRC) stock?
ChartMill assigns a technical rating of 0 / 10 to MGRC.
What is the current trend direction of MCGRATH RENTCORP (MGRC) stock?
The current trend direction for MCGRATH RENTCORP (MGRC) is Bearish.
What is the RSI signal for MGRC stock?
MCGRATH RENTCORP (MGRC) has an RSI value of 25.214. This indicates that the stock is currently oversold.
Can you provide the MACD signal for MCGRATH RENTCORP?
The MACD indicator for MCGRATH RENTCORP (MGRC) has a value of -0.936613, indicating a bearish trend.
Can you provide the support and resistance levels for MCGRATH RENTCORP?
MCGRATH RENTCORP (MGRC) has a support level at 102.81 and a resistance level at 112.55. Check the full technical report for our detailed analysis of MGRC support and resistance levels.