MCGRATH RENTCORP (MGRC) Stock Technical Analysis
NASDAQ:MGRC - Nasdaq - US5805891091 - Common Stock - Currency: USD
Overall MGRC gets a technical rating of 5 out of 10. In the past year, MGRC was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
When compared to the yearly performance of all other stocks, MGRC outperforms 56% of them, which is more or less in line with the market.
MGRC is an average performer in the Trading Companies & Distributors industry, it outperforms 48% of 48 stocks in the same industry.
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 110.56 - 118.53 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. 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
When analyzing the support we can see 5 important areas.
- Support @116.34 from a trend line in the daily time frame.
- A support zone ranging from 111.65 to 114.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 103.90 to 104.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @101.45 from a horizontal line in the daily time frame.
- A support zone ranging from 98.07 to 99.30. This zone is formed by a combination of multiple trend lines in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @116.91 from a horizontal line in the daily time frame.
- A resistance zone ranging from 127.18 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 | NEUTRAL | NEUTRAL | The long term trend for MGRC is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MGRC is up. |
| ChartMill Relative Strength | 56.42 | NEUTRAL | MGRC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MGRC is above 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) | 56.53 | NEUTRAL | The RSI value for MGRC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests MGRC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 65.7 | NEUTRAL | The Stochastics value for MGRC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.35 | MEDIUM VOLATILITY | The ATR as a percentage value for MGRC suggests some volalility. |
| Average Directional Index/ADX (14) | 15.75 | 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)
116.63
+1.92 (+1.67%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryTrading Companies & Distributors
Performance
% Chg1.67%
1 Week2.16%
2 Weeks-0.34%
1 Month2.67%
3 Month2.74%
6 Month5.27%
12 Month9.46%
2 Year26.11%
3 Year53.46%
5 Year115.94%
10 Year283.27%
15 Year411.98%
Volatility
ATR(14)2.73
ATR(20)%2.35%
ATR Inc-13.11%
Range Today3.14
ADR(20)2.68
ADR(20)%2.3%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS56.42
Mansfield-0.22
10 Day High117.25
10 Day Low110.56
20 Day High118.53
20 Day Low110.56
52 Week High129.93
52 Week Low95.5
CS1 End116.34
CR1 Start116.91
Volume & EV
DER(3)0.32%
DER(5)-1.23%
Volume152.19K
Volume Incr14.63%
Vol(5)164.22K
Vol(50)141.63K