MCCLATCHY CO (MNI) Stock Technical Analysis
NYSE:MNI - New York Stock Exchange, Inc. -
Overall MNI gets a technical rating of 2 out of 10. In the past year, MNI 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.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, MNI is a bad performer in the overall market: 86% of all stocks are doing better.
MNI is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so MNI is lagging the market.
In the last month MNI has a been trading in the 0.42 - 2.59 range, which is quite wide. It is currently trading near the lows of this range.
Considerably lower volume is observed in the last couple of days.
The technical rating of MNI 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
0.45
0.99
3 important support areas can be observed.
- Support @0.66 from a horizontal line in the daily time frame.
- Support @0.48 from a trend line in the daily time frame.
- Support @0.45 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 0.76 to 0.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @0.98 from a trend line in the daily 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 MNI is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MNI is neutral. |
| ChartMill Relative Strength | 14.19 | NEGATIVE | MNI has a low relative strength, it was outperformed by 85.81% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of MNI is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MNI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MNI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.47 | NEUTRAL | The RSI value for MNI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests MNI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 17.53 | OVERSOLD | The low Stochastics value suggests MNI may be oversold. |
| Average True Range in percent/ATR (20) | 30.4 | HIGH VOLATILITY | The high ATR as a percentage value for MNI suggests high volalility. |
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)
0.7498
+0.06 (+9.43%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg9.43%
1 Week9.46%
2 Weeks-13.33%
1 Month77.97%
3 Month53.96%
6 Month-67.4%
12 Month-87.5%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.09
ATR(20)%30.4%
ATR Inc-55.05%
Range Today0.05
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.19
Mansfield-7.33
10 Day High0.91
10 Day Low0.63
20 Day High2.59
20 Day Low0.42
52 Week High6.01
52 Week Low0.29
CS1 End0.66
CR1 Start0.76
Volume & EV
DER(3)6.28%
DER(5)0.9%
Volume93.50K
Volume Incr-93.88%
Vol(5)81.34K
Vol(50)604.30K