MONRO INC (MNRO) Stock Technical Analysis
USA - NASDAQ:MNRO - US6102361010 - Common Stock
We assign a technical rating of 6 out of 10 to MNRO. 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.
MNRO has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 17.75, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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13.89
When analyzing the support we can see 4 important areas.
- A support zone ranging from 17.26 to 17.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 16.49 to 16.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 16.11 to 16.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @14.03 from a trend line in the daily time frame.
We can see 3 important resistance areas.
- Resistance @18.26 from a trend line in the daily time frame.
- A resistance zone ranging from 18.68 to 18.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @24.20 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 | 24.21 | NEGATIVE | MNRO has a low relative strength, it was outperformed by 75.79% off all stocks 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) | DOWN | MIXED | The current price of MNRO is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.94 | NEUTRAL | The RSI value for MNRO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests MNRO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 82.6 | OVERBOUGHT | The high Stochastics value suggests MNRO may be overbought. |
| Average True Range in percent/ATR (20) | 3.45 | MEDIUM VOLATILITY | The ATR as a percentage value for MNRO suggests some volalility. |
| Average Directional Index/ADX (14) | 17.37 | 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 |
|---|---|---|---|
| 18.27 | 17.25 | 1.02 (5.58%) | 17.91% |
| An entry @18.27. This is a Buy Stop order right above the resistance zone. | An exit @17.25. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.02 points, which is 5.58%. | When investing 17.91% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
18.13
+0.11 (+0.61%)
MONRO INC / MNRO FAQ
What is the ChartMill technical rating of MONRO INC (MNRO) stock?
ChartMill assigns a technical rating of 6 / 10 to MNRO.
What is the current trend direction of MONRO INC (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 55.9419. This indicates that the stock is currently neutral.
What is the MACD signal for MONRO INC (MNRO) stock?
The MACD indicator for MONRO INC (MNRO) has a value of 0.0715543, indicating a bearish trend.
What is the buy/sell signal for MNRO stock?
The buy/sell signal for MONRO INC (MNRO) is buy as both the short term and long term trends are positive.