MRC Technical Analysis - MORGUARD CORP

Technical Rating and Analysis

Overall MRC gets a technical rating of 2 out of 10. In the last year, MRC was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.

When comparing the yearly performance of all stocks, MRC is a bad performer in the overall market: 73% of all stocks are doing better.

Warning: MRC has an average volume of 1893 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

MRC is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

The short term trend is negative, the long term trend is neutral. Not much exciting going on here.

MRC is an average performer in the Real Estate Management & Development industry, it outperforms 57% of 29 stocks in the same industry.

In the last month MRC has a been trading in a tight range between 115.26 and 118.50.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although the technical rating is bad, MRC does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 116.96, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

109.42

126.90

When analyzing the support we can see 2 important areas.

A support zone ranging from 114.64 to 116.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 110.53 to 111.00. This zone is formed by a combination of multiple trend lines in multiple time frames.

2 important resistance areas can be observed.

A resistance zone ranging from 116.99 to 122.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @125.64 from a horizontal line in the weekly time frame.

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What is Support and Resistance

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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	NEUTRAL	NEUTRAL	The long term trend for MRC.CA is neutral.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for MRC.CA is down.
ChartMill Relative Strength	27.11	NEGATIVE	MRC.CA has a low relative strength, it was outperformed by 72.89% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of MRC.CA is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of MRC.CA is below the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	MIXED	The current price of MRC.CA is above a declining SMA(200).
Relative Strength Index/RSI (14)	49.54	NEUTRAL	The RSI value for MRC.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.15	NEGATIVE	The MACD value suggests MRC.CA has a negative trend, although the MACD value is rising.
Stochastics (14,3)	49.83	NEUTRAL	The Stochastics value for MRC.CA is a neutral value.
Average True Range in percent/ATR (20)	0.63	LOW VOLATILITY	The low ATR as a percentage value for MRC.CA suggests low volalility.
Average Directional Index/ADX (14)	6.09	NEGATIVE	The low ADX value for MRC.CA suggests a weak or negative trend.