Taking everything into account, MNRO scores 7 out of 10 in our technical rating. Although MNRO is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- The long and short term trends are both positive. This is looking good!
- MNRO is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so MNRO is lagging the market slightly.
- In the last month MNRO has a been trading in the 19.11 - 21.77 range, which is quite wide. It is currently trading near the high of this range.
- When compared to the yearly performance of all other stocks, MNRO outperforms 65% of them, which is more or less in line with the market.
- MNRO is an average performer in the Specialty Retail industry, it outperforms 65% of 122 stocks in the same industry.
Besides having an excellent technical rating, MNRO also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 21.17. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 20.54, a Stop Loss order could be placed below this zone.
More info and screens
14.97
We found 4 important support areas.
- A support zone ranging from 20.43 to 20.54. 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 19.43 to 19.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 15.72 to 15.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @15.12 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 21.17 to 21.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @23.04 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 | 65.35 | NEUTRAL | MNRO is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of MNRO is above a declining 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) | UP | POSITIVE | The current price of MNRO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.91 | NEUTRAL | The RSI value for MNRO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests MNRO has a positive trend. |
| Stochastics (14,3) | 84.77 | OVERBOUGHT | The high Stochastics value suggests MNRO may be overbought. |
| Average True Range in percent/ATR (20) | 3.27 | MEDIUM VOLATILITY | The ATR as a percentage value for MNRO suggests some volalility. |
| Average Directional Index/ADX (14) | 18.38 | NEGATIVE | The low ADX value for MNRO suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 21.45 | 20.42 | 1.03 (4.80%) | 20.83% |
| An entry @21.45. This is a Buy Stop order right above the resistance zone. | An exit @20.42. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.03 points, which is 4.80%. | When investing 20.83% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
21.15
-0.15 (-0.7%)
MONRO INC / MNRO FAQ
What is the ChartMill technical rating of MONRO INC (MNRO) stock?
ChartMill assigns a technical rating of 7 / 10 to MNRO.
What is the trend direction for MNRO stock?
The current trend direction for MONRO INC (MNRO) is Bullish.
What is the RSI signal for MONRO INC (MNRO) stock?
MONRO INC (MNRO) has an RSI value of 59.9062. This indicates that the stock is currently neutral.
What is the MACD signal for MNRO stock?
The MACD indicator for MONRO INC (MNRO) has a value of 0.0239273, indicating a bearish trend.
What are the support and resistance levels for MONRO INC (MNRO) stock?
MONRO INC (MNRO) has a support level at 20.54 and a resistance level at 21.17. Check the full technical report for our detailed analysis of MNRO support and resistance levels.