MONRO INC (MNRO) Stock Technical Analysis
USA - NASDAQ:MNRO - US6102361010 - Common Stock
We assign a technical rating of 2 out of 10 to MNRO. MNRO performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
MNRO has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
14.10
When analyzing the support we can see 3 important areas.
- A support zone ranging from 16.95 to 17.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @14.89 from a trend line in the daily time frame.
- Support @14.24 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 18.45 to 18.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @23.99 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 | NEUTRAL | NEUTRAL | The short term trend for MNRO is neutral. |
| ChartMill Relative Strength | 18.47 | NEGATIVE | MNRO has a low relative strength, it was outperformed by 81.53% 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) | DOWN | NEGATIVE | The current price of MNRO is below a declining 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) | 51.92 | NEUTRAL | The RSI value for MNRO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests MNRO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 81.09 | OVERBOUGHT | The high Stochastics value suggests MNRO may be overbought. |
| Average True Range in percent/ATR (20) | 5.8 | HIGH VOLATILITY | The high ATR as a percentage value for MNRO suggests high volalility. |
| Average Directional Index/ADX (14) | 17.43 | NEGATIVE | The low ADX value for MNRO suggests a weak or negative trend. |
17.42
+0.26 (+1.52%)
MONRO INC / MNRO FAQ
What is the ChartMill technical rating of MONRO INC (MNRO) stock?
ChartMill assigns a technical rating of 2 / 10 to MNRO.
What is the current trend direction of MONRO INC (MNRO) stock?
The current trend direction for MONRO INC (MNRO) is Bearish.
What is the RSI signal for MONRO INC (MNRO) stock?
MONRO INC (MNRO) has an RSI value of 51.9175. 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 0.140314, indicating a bearish trend.