MCGRATH RENTCORP (MGRC) Technical Analysis
NASDAQ:MGRC • US5805891091
Current stock price
MGRC Technical Rating and Analysis
Taking everything into account, MGRC scores 5 out of 10 in our technical rating. In the last year, MGRC was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- In the last month MGRC has a been trading in the 103.96 - 116.96 range, which is quite wide. It is currently trading near the high of this range.
- 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 49% of all stocks.
- MGRC is an average performer in the Trading Companies & Distributors industry, it outperforms 43% of 47 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.
MGRC Weekly and Daily overview Charts
MGRC Setup Rating and Analysis
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. There is a resistance zone just above the current price starting at 116.59. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 112.39, a Stop Loss order could be placed below this zone.
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MGRC Support and Resistance Analysis
98.91
4 important support areas can be observed.
- A support zone ranging from 109.78 to 112.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 105.84 to 106.26. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @103.59 from a horizontal line 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 3 important areas.
- A resistance zone ranging from 116.59 to 117.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 121.37 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.
MGRC Technical Indicator Signal Analysis
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 | 49.84 | 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) | DOWN | MIXED | The current price of MGRC is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of MGRC is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 63.59 | NEUTRAL | The RSI value for MGRC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.72 | POSITIVE | The MACD value suggests MGRC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 78.06 | NEUTRAL | The Stochastics value for MGRC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.89 | MEDIUM VOLATILITY | The ATR as a percentage value for MGRC suggests some volalility. |
| Average Directional Index/ADX (14) | 19.29 | NEGATIVE | The low ADX value for MGRC suggests a weak or negative trend. |
MGRC Chart- and CandleStick Pattern Analysis
MGRC Technicals: Chart, Performance Metrics, Trend & Indicators
115.15
+0.91 (+0.8%)
MCGRATH RENTCORP / MGRC TA FAQ
What is the ChartMill technical rating of MCGRATH RENTCORP (MGRC) stock?
ChartMill assigns a technical rating of 5 / 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 MCGRATH RENTCORP (MGRC) stock?
MCGRATH RENTCORP (MGRC) has an RSI value of 63.5932. This indicates that the stock is currently neutral.
What is the MACD signal for MGRC stock?
The MACD indicator for MCGRATH RENTCORP (MGRC) has a value of 0.72471, indicating a bearish trend.
What is the short term momentum for MCGRATH RENTCORP (MGRC) stock?
The short term momentum for MCGRATH RENTCORP (MGRC) is positive.