MONRO INC (MNRO) Stock Technical Analysis
NASDAQ:MNRO - US6102361010 - Common Stock
16.85 USD
-0.94 (-5.28%)
16.8 USD
-0.05 (-0.3%)
Overall MNRO gets a technical rating of 6 out of 10. MNRO has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
When comparing the yearly performance of all stocks, MNRO is a bad performer in the overall market: 84% of all stocks are doing better.
MNRO is one of the lesser performing stocks in the Specialty Retail industry. 70% of 123 stocks in the same industry do better.
MNRO is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
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 MNRO has a been trading in the 15.20 - 17.89 range, which is quite wide. It is currently trading near the high of this range.
MNRO has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 17.68. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 16.84, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for MNRO in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
13.37
25.19
3 important support areas can be observed.
- A support zone ranging from 16.49 to 16.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @15.03 from a trend line in the weekly time frame.
- Support @13.50 from a trend line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 17.68 to 17.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @24.94 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 | NEUTRAL | NEUTRAL | The long term trend for MNRO is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MNRO is up. |
| ChartMill Relative Strength | 16.45 | NEGATIVE | MNRO has a low relative strength, it was outperformed by 83.55% 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 | NEGATIVE | The current price of MNRO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.49 | NEUTRAL | The RSI value for MNRO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests MNRO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 81.44 | OVERBOUGHT | The high Stochastics value suggests MNRO may be overbought. |
| Average True Range in percent/ATR (20) | 4.16 | MEDIUM VOLATILITY | The ATR as a percentage value for MNRO suggests some volalility. |
| Average Directional Index/ADX (14) | 19.84 | NEGATIVE | The low ADX value for MNRO 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)
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 |
|---|---|---|---|
| 17.80 | 16.48 | 1.32 (7.42%) | 13.48% |
| An entry @17.80. This is a Buy Stop order right above the resistance zone. | An exit @16.48. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.32 points, which is 7.42%. | For a 1.00% total portfolio risk, you can invest 13.48% of your capital in this trade. |
- 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.
16.85
-0.94 (-5.28%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustrySpecialty Retail
Performance
% Chg-5.28%
1 Week2.18%
2 Weeks-3.33%
1 Month10.13%
3 Month15.33%
6 Month3%
12 Month-34.92%
2 Year-39.32%
3 Year-61.23%
5 Year-58.47%
10 Year-75.06%
15 Year-45.19%
Volatility
ATR(14)0.71
ATR(20)%4.16%
ATR Inc7.55%
Range Today0.96
ADR(20)0.66
ADR(20)%3.91%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS16.45
Mansfield-2.22
10 Day High17.89
10 Day Low16.14
20 Day High17.89
20 Day Low15.2
52 Week High30.18
52 Week Low12.2
CS1 End16.84
CR1 Start17.68
Volume & EV
DER(3)3.51%
DER(5)2.3%
Volume1.18M
Volume Incr-25.42%
Vol(5)695.78K
Vol(50)950.96K