MONRO INC (MNRO) Technical Analysis
NASDAQ:MNRO • US6102361010
Current stock price
MNRO Technical Rating and Analysis
Taking everything into account, MNRO scores 2 out of 10 in our technical rating. MNRO has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- In the last month MNRO has a been trading in the 14.85 - 18.13 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 46% of them, which is more or less in line with the market.
- MNRO is an average performer in the Specialty Retail industry, it outperforms 55% 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.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
MNRO Weekly and Daily overview Charts
MNRO Setup Rating and Analysis
The technical rating of MNRO is bad and it also does not present a quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
MNRO Support and Resistance Analysis
14.50
When analyzing the support we can see 3 important areas.
- Support @15.52 from a horizontal line in the daily time frame.
- A support zone ranging from 15.24 to 15.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @14.65 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 17.88 to 17.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @23.02 from a trend line in the weekly time frame.
MNRO Technical Indicator Signal Analysis
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 MNRO is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MNRO is neutral. |
| ChartMill Relative Strength | 46.4 | NEUTRAL | MNRO is not amongst the best or worst performers 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) | DOWN | NEGATIVE | The current price of MNRO is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of MNRO is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.27 | NEUTRAL | The RSI value for MNRO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.33 | POSITIVE | The MACD value suggests MNRO has a positive trend. |
| Stochastics (14,3) | 83.64 | OVERBOUGHT | The high Stochastics value suggests MNRO may be overbought. |
| Average True Range in percent/ATR (20) | 4.17 | MEDIUM VOLATILITY | The ATR as a percentage value for MNRO suggests some volalility. |
| Average Directional Index/ADX (14) | 21.18 | NEUTRAL | The ADX value for MNRO suggests a possible start of a new trend. |
MNRO Chart- and CandleStick Pattern Analysis
MNRO Technicals: Chart, Performance Metrics, Trend & Indicators
17.87
+1.02 (+6.05%)
MONRO INC / MNRO TA FAQ
What is the ChartMill technical rating of MONRO INC (MNRO) stock?
ChartMill assigns a technical rating of 2 / 10 to MNRO.
Can you provide the trend direction for MONRO INC?
The current trend direction for MONRO INC (MNRO) is Bearish.
Can you provide the RSI signal for MONRO INC?
MONRO INC (MNRO) has an RSI value of 59.2681. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for MONRO INC?
MONRO INC (MNRO) has a support level at 15.52 and a resistance level at 17.88. Check the full technical report for our detailed analysis of MNRO support and resistance levels.