MONRO INC (MNRO) Technical Analysis
NASDAQ:MNRO • US6102361010
Current stock price
MNRO Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to MNRO. MNRO's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 77% of all other stocks performed better in the past year than MNRO.
- In the last month MNRO has a been trading in the 14.83 - 22.65 range, which is quite wide. It is currently trading near the lows of this range.
- MNRO is an average performer in the Specialty Retail industry, it outperforms 47% of 123 stocks in the same industry.
- MNRO is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MNRO is lagging the market slightly.
MNRO Weekly and Daily overview Charts
MNRO Setup Rating and Analysis
MNRO has a poor technical rating and the quality of the setup is also only medium 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
MNRO Support and Resistance Analysis
14.50
2 important support areas can be observed.
- A support zone ranging from 15.01 to 15.05. 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.
We found 1 important resistance area.
- Resistance @23.29 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 | DOWN | NEGATIVE | The short term trend for MNRO is down. |
| ChartMill Relative Strength | 23.82 | NEGATIVE | MNRO has a low relative strength, it was outperformed by 76.18% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MNRO is below 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) | UP | MIXED | The current price of MNRO is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 38.05 | NEUTRAL | The RSI value for MNRO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests MNRO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 18.85 | OVERSOLD | The low Stochastics value suggests MNRO may be oversold. |
| Average True Range in percent/ATR (20) | 5.53 | HIGH VOLATILITY | The high ATR as a percentage value for MNRO suggests high volalility. |
| Average Directional Index/ADX (14) | 42.82 | POSITIVE | The high ADX value value for MNRO suggests a strong trend. |
MNRO Chart- and CandleStick Pattern Analysis
MNRO Technicals: Chart, Performance Metrics, Trend & Indicators
16.35
+0.95 (+6.17%)
MONRO INC / MNRO TA FAQ
What is the ChartMill technical rating of MONRO INC (MNRO) stock?
ChartMill assigns a technical rating of 0 / 10 to MNRO.
What is the trend direction for 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 38.0459. 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 -0.0457721, indicating a bearish trend.
What are the support and resistance levels for MONRO INC (MNRO) stock?
MONRO INC (MNRO) has a support level at 15.05 and a resistance level at 23.29. Check the full technical report for our detailed analysis of MNRO support and resistance levels.