We assign a technical rating of 7 out of 10 to MNRO. Although MNRO is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
MNRO has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 20.20. Right above this resistance zone may be a good entry point.
More info and screens
14.93
We found 3 important support areas.
- A support zone ranging from 19.43 to 19.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 15.62 to 15.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @15.08 from a trend line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 20.20 to 20.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 21.16 to 21.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @23.15 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 | UP | POSITIVE | The long term trend for MNRO is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MNRO is neutral. |
| ChartMill Relative Strength | 54.54 | NEUTRAL | MNRO is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of MNRO is below 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) | UP | POSITIVE | The current price of MNRO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.28 | NEUTRAL | The RSI value for MNRO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.21 | NEGATIVE | The MACD value suggests MNRO has a negative trend. |
| Stochastics (14,3) | 25.78 | NEUTRAL | The Stochastics value for MNRO is a neutral value. |
| Average True Range in percent/ATR (20) | 3.52 | MEDIUM VOLATILITY | The ATR as a percentage value for MNRO suggests some volalility. |
| Average Directional Index/ADX (14) | 18.11 | NEGATIVE | The low ADX value for MNRO suggests a weak or negative trend. |
19.7
-0.74 (-3.62%)
MONRO INC / MNRO FAQ
What is the ChartMill technical rating of MONRO INC (MNRO) stock?
ChartMill assigns a technical rating of 7 / 10 to MNRO.
What is the trend direction for MNRO stock?
The current trend direction for MONRO INC (MNRO) is Bullish.
What is the RSI signal for MONRO INC (MNRO) stock?
MONRO INC (MNRO) has an RSI value of 48.2836. 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 -0.213491, indicating a bearish trend.
What are the support and resistance levels for MONRO INC (MNRO) stock?
MONRO INC (MNRO) has a support level at 19.69 and a resistance level at 20.2. Check the full technical report for our detailed analysis of MNRO support and resistance levels.