We assign a technical rating of 2 out of 10 to MGRC. In the past year, MGRC was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
MGRC has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 108.06, 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 106.86 to 108.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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.
We can see 5 important resistance areas.
- Resistance @108.34 from a horizontal line in the weekly time frame.
- Resistance @110.27 from a horizontal line in the daily time frame.
- Resistance @117.19 from a trend line in the daily time frame.
- Resistance @121.37 from a horizontal line in the daily time frame.
- Resistance @127.18 from a horizontal line in the weekly time frame.
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 | UP | POSITIVE | The short term trend for MGRC is up. |
| ChartMill Relative Strength | 25.57 | NEGATIVE | MGRC has a low relative strength, it was outperformed by 74.43% off all stocks 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) | DOWN | MIXED | The current price of MGRC is above 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) | 55.33 | NEUTRAL | The RSI value for MGRC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests MGRC has a positive trend. |
| Stochastics (14,3) | 75.58 | NEUTRAL | The Stochastics value for MGRC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.68 | MEDIUM VOLATILITY | The ATR as a percentage value for MGRC suggests some volalility. |
| Average Directional Index/ADX (14) | 16.99 | NEGATIVE | The low ADX value for MGRC suggests a weak or negative trend. |
108.33
-0.6 (-0.55%)
MCGRATH RENTCORP / MGRC FAQ
What is the ChartMill technical rating of MCGRATH RENTCORP (MGRC) stock?
ChartMill assigns a technical rating of 2 / 10 to MGRC.
Can you provide the trend direction for MCGRATH RENTCORP?
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 55.3257. 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 positive.
What is the buy/sell signal for MGRC stock?
The buy/sell signal for MCGRATH RENTCORP (MGRC) is hold as the short term and long term trends are mixed.