MRC GLOBAL INC (MRC) Stock Technical Analysis
USA - NYSE:MRC - US55345K1034 - Common Stock
Overall MRC gets a technical rating of 2 out of 10. In the last year, MRC was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
MRC has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 13.86, a Stop Loss order could be placed below this zone.
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9.98
When analyzing the support we can see 3 important areas.
- A support zone ranging from 13.62 to 13.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 13.21 to 13.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @10.08 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 14.05 to 14.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @14.85 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 15.27 to 15.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 MRC is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MRC is down. |
| ChartMill Relative Strength | 43.72 | NEUTRAL | MRC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of MRC is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MRC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of MRC is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 47.49 | NEUTRAL | The RSI value for MRC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests MRC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 60.88 | NEUTRAL | The Stochastics value for MRC is a neutral value. |
| Average True Range in percent/ATR (20) | 3.09 | MEDIUM VOLATILITY | The ATR as a percentage value for MRC suggests some volalility. |
| Average Directional Index/ADX (14) | 12.98 | NEGATIVE | The low ADX value for MRC suggests a weak or negative trend. |
13.93
-0.02 (-0.14%)
MRC GLOBAL INC / MRC FAQ
What is the ChartMill technical rating of MRC GLOBAL INC (MRC) stock?
ChartMill assigns a technical rating of 2 / 10 to MRC.
Can you provide the trend direction for MRC GLOBAL INC?
The current trend direction for MRC GLOBAL INC (MRC) is Bullish.
Can you provide the RSI signal for MRC GLOBAL INC?
MRC GLOBAL INC (MRC) has an RSI value of 47.4862. This indicates that the stock is currently neutral.
Can you provide the MACD signal for MRC GLOBAL INC?
The MACD indicator for MRC GLOBAL INC (MRC) has a value of 0.0400983, indicating a bearish trend.
What is the short term momentum for MRC stock?
The short term momentum for MRC GLOBAL INC (MRC) is negative.