MONRO INC (MNRO) Stock Technical Analysis
USA - NASDAQ:MNRO - US6102361010 - Common Stock
18.53 USD
+0.04 (+0.22%)
18.53 USD
0 (0%)
Taking everything into account, MNRO scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, MNRO is a bad performer.
84% of all other stocks performed better in the past year than MNRO.
The long and short term trends are both positive. This is looking good!
MNRO is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
MNRO is an average performer in the Specialty Retail industry, it outperforms 41% of 122 stocks in the same industry.
MNRO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MNRO is lagging the market.
MNRO has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. 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 18.58. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 18.52, a Stop Loss order could be placed below this zone.
More info and screens
13.64
24.87
When analyzing the support we can see 5 important areas.
- A support zone ranging from 18.28 to 18.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 17.90 to 17.98. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 16.49 to 17.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @15.49 from a trend line in the weekly time frame.
- Support @13.78 from a trend line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 18.58 to 18.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @24.62 from a trend 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 | UP | POSITIVE | The long term trend for MNRO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MNRO is up. |
| ChartMill Relative Strength | 16.49 | NEGATIVE | MNRO has a low relative strength, it was outperformed by 83.51% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MNRO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MNRO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of MNRO is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 60.07 | NEUTRAL | The RSI value for MNRO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests MNRO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 69.04 | NEUTRAL | The Stochastics value for MNRO is a neutral value. |
| Average True Range in percent/ATR (20) | 3.57 | MEDIUM VOLATILITY | The ATR as a percentage value for MNRO suggests some volalility. |
| Average Directional Index/ADX (14) | 24.69 | NEUTRAL | The ADX value for MNRO suggests a possible start of a new 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 18.69 | 18.27 | 0.42 (2.25%) | 25.00% |
| An entry @18.69. This is a Buy Stop order right above the resistance zone. | An exit @18.27. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.42 points, which is 2.25%. | For a 0.56% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of MNRO. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
18.53
+0.04 (+0.22%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustrySpecialty Retail
Performance
% Chg0.22%
1 Week-0.8%
2 Weeks2.55%
1 Month4.81%
3 Month11.43%
6 Month21.35%
12 Month-34.85%
2 Year-25.34%
3 Year-61.19%
5 Year-55.94%
10 Year-75.02%
15 Year-41.78%
Volatility
ATR(14)0.62
ATR(20)%3.57%
ATR Inc-27.64%
Range Today0.41
ADR(20)0.64
ADR(20)%3.48%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS16.49
Mansfield-1.37
10 Day High18.93
10 Day Low17.6
20 Day High18.93
20 Day Low16.25
52 Week High30.18
52 Week Low12.2
CS1 End18.52
CR1 Start18.58
Volume & EV
DER(3)-2.64%
DER(5)-1.57%
Volume471.80K
Volume Incr-9.07%
Vol(5)762.52K
Vol(50)965.42K