MONRO INC (MNRO) Technical Analysis
NASDAQ:MNRO • US6102361010
Current stock price
MNRO Technical Rating and Analysis
Taking everything into account, MNRO scores 0 out of 10 in our technical rating. 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.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 83% of all other stocks performed better in the past year than MNRO.
- MNRO is part of the Specialty Retail industry. There are 124 other stocks in this industry, of which 63% are performing better than MNRO.
- MNRO is currently trading in the lower part 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.
- In the last month MNRO has a been trading in the 15.19 - 23.47 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
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. 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
15.15
When analyzing the support we notice one important area.
- A support zone ranging from 15.30 to 15.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @23.37 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 | 17.29 | NEGATIVE | MNRO has a low relative strength, it was outperformed by 82.71% 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) | DOWN | NEGATIVE | The current price of MNRO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 22.19 | OVERSOLD | The low RSI value suggests MNRO may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.57 | NEGATIVE | The MACD value suggests MNRO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 3.01 | OVERSOLD | The low Stochastics value suggests MNRO may be oversold. |
| Average True Range in percent/ATR (20) | 5.69 | HIGH VOLATILITY | The high ATR as a percentage value for MNRO suggests high volalility. |
| Average Directional Index/ADX (14) | 36.99 | 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
15.63
+0.32 (+2.09%)
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 22.1934. This indicates that the stock is currently oversold.
What is the MACD signal for MNRO stock?
The MACD indicator for MONRO INC (MNRO) has a value of -0.569652, indicating a bearish trend.
What are the support and resistance levels for MONRO INC (MNRO) stock?
MONRO INC (MNRO) has a support level at 15.3 and a resistance level at 23.37. Check the full technical report for our detailed analysis of MNRO support and resistance levels.