MCGRATH RENTCORP (MGRC) Stock Technical Analysis
NASDAQ:MGRC • US5805891091
Taking everything into account, MGRC scores 4 out of 10 in our technical rating. In the last year, MGRC was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
- When comparing the yearly performance of all stocks, MGRC is a bad performer in the overall market: 64% of all stocks are doing better.
- MGRC is part of the Trading Companies & Distributors industry. There are 50 other stocks in this industry, of which 71% are performing better than MGRC.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- 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.
- In the last month MGRC has a been trading in the 108.76 - 123.50 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 only medium, MGRC does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 119.62. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 106.26, a Stop Loss order could be placed below this zone.
More info and screens
98.91
When analyzing the support we can see 2 important areas.
- A support zone ranging from 104.93 to 106.26. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 99.91 to 99.98. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 119.62 to 122.20. This zone is formed by a combination of multiple trend lines in the daily 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 | 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 | 36.63 | 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) | UP | POSITIVE | The current price of MGRC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of MGRC is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 46.57 | NEUTRAL | The RSI value for MGRC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.71 | NEGATIVE | The MACD value suggests MGRC has a negative trend. |
| Stochastics (14,3) | 29.92 | NEUTRAL | The Stochastics value for MGRC is a neutral value. |
| Average True Range in percent/ATR (20) | 3.26 | MEDIUM VOLATILITY | The ATR as a percentage value for MGRC suggests some volalility. |
| Average Directional Index/ADX (14) | 16.74 | NEGATIVE | The low ADX value for MGRC suggests a weak or negative trend. |
112.77
-1.1 (-0.97%)
MCGRATH RENTCORP / MGRC FAQ
What is the ChartMill technical rating of MCGRATH RENTCORP (MGRC) stock?
ChartMill assigns a technical rating of 4 / 10 to MGRC.
Can you provide the trend direction for MCGRATH RENTCORP?
The current trend direction for MCGRATH RENTCORP (MGRC) is Bullish.
What is the RSI signal for MGRC stock?
MCGRATH RENTCORP (MGRC) has an RSI value of 46.5677. This indicates that the stock is currently neutral.
What is the short term momentum for MCGRATH RENTCORP (MGRC) stock?
The short term momentum for MCGRATH RENTCORP (MGRC) is neutral.