MONRO INC (MNRO) Stock Technical Analysis
NASDAQ:MNRO - Nasdaq - US6102361010 - Common Stock - Currency: USD
Taking everything into account, MNRO scores 4 out of 10 in our technical rating. In the past year, MNRO was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
When comparing the yearly performance of all stocks, MNRO is a bad performer in the overall market: 86% of all stocks are doing better.
MNRO is part of the Specialty Retail industry. There are 120 other stocks in this industry, of which 68% are performing better than MNRO.
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.
MNRO has an average volume of 1005220 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
In the last month MNRO has a been trading in the 12.24 - 17.95 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
MNRO has an average technical rating and the quality of the presented setup is also not ideal 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
15.29
26.57
When analyzing the support we notice one important area.
- A support zone ranging from 15.44 to 15.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 16.03 to 16.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 17.00 to 17.26. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @26.31 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 | DOWN | NEGATIVE | The long term trend for MNRO is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MNRO is up. |
| ChartMill Relative Strength | 14.05 | NEGATIVE | MNRO has a low relative strength, it was outperformed by 85.95% 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) | 54.14 | NEUTRAL | The RSI value for MNRO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests MNRO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 64.8 | NEUTRAL | The Stochastics value for MNRO is a neutral value. |
| Average True Range in percent/ATR (20) | 6.3 | HIGH VOLATILITY | The high ATR as a percentage value for MNRO suggests high volalility. |
| Average Directional Index/ADX (14) | 27.94 | POSITIVE | The high ADX value value for MNRO suggests a strong 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)
15.65
+0.03 (+0.19%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustrySpecialty Retail
Performance
% Chg0.19%
1 Week-1.2%
2 Weeks-1.45%
1 Month20.57%
3 Month-4.34%
6 Month-39.69%
12 Month-35.38%
2 Year-61.48%
3 Year-63.5%
5 Year-71.51%
10 Year-74.82%
15 Year-40.61%
Volatility
ATR(14)1.11
ATR(20)%6.3%
ATR Inc-30.45%
Range Today0.39
ADR(20)0.78
ADR(20)%5.01%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.05
Mansfield-3.3
10 Day High17.42
10 Day Low14.93
20 Day High17.95
20 Day Low12.24
52 Week High31.49
52 Week Low12.2
CS1 End15.64
CR1 Start16.03
Volume & EV
DER(3)0.64%
DER(5)0.65%
Volume632.10K
Volume Incr-28.78%
Vol(5)879.94K
Vol(50)1.01M