MRC GLOBAL INC (MRC) Stock Technical Analysis
NYSE:MRC - New York Stock Exchange, Inc. - US55345K1034 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to MRC. MRC has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month MRC has a been trading in the 12.04 - 13.23 range, which is quite wide. It is currently trading near the high of this range.
When compared to the yearly performance of all other stocks, MRC outperforms 68% of them, which is more or less in line with the market.
MRC is part of the Trading Companies & Distributors industry. There are 47 other stocks in this industry, MRC did better than 56% of them.
MRC 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 MRC is lagging the market slightly.
Besides having an excellent technical rating, MRC also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 12.78, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
9.55
15.00
5 important support areas can be observed.
- A support zone ranging from 12.68 to 12.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 12.08 to 12.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @10.08 from a horizontal line in the weekly time frame.
- Support @9.89 from a trend line in the weekly time frame.
- Support @9.65 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 12.88 to 12.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 13.10 to 13.24. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @13.46 from a horizontal line in the daily time frame.
- Resistance @14.85 from a horizontal 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 MRC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MRC is up. |
| ChartMill Relative Strength | 68.51 | NEUTRAL | MRC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MRC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MRC is above the rising 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) | 56.02 | NEUTRAL | The RSI value for MRC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests MRC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 60.68 | NEUTRAL | The Stochastics value for MRC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.38 | MEDIUM VOLATILITY | The ATR as a percentage value for MRC suggests some volalility. |
| Average Directional Index/ADX (14) | 11.27 | NEGATIVE | The low ADX value for MRC suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 12.89 | 12.67 | 0.22 (1.71%) | 25.00% |
| An entry @12.89. This is a Buy Stop order right above the resistance zone. | An exit @12.67. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.22 points, which is 1.71%. | For a 0.43% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of MRC. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
12.87
+0.15 (+1.18%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryTrading Companies & Distributors
Performance
% Chg1.18%
1 Week-0.92%
2 Weeks2.14%
1 Month3.71%
3 Month8.06%
6 Month2.55%
12 Month6.1%
2 Year27.81%
3 Year29.22%
5 Year117.77%
10 Year-16.65%
15 YearN/A
Volatility
ATR(14)0.32
ATR(20)%2.38%
ATR Inc-7.83%
Range Today0.22
ADR(20)0.29
ADR(20)%2.23%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS68.51
Mansfield-0.24
10 Day High13.23
10 Day Low12.67
20 Day High13.23
20 Day Low12.04
52 Week High15.41
52 Week Low9.23
CS1 End12.78
CR1 Start12.88
Volume & EV
DER(3)-0.36%
DER(5)0.54%
Volume920.20K
Volume Incr-12.79%
Vol(5)488.26K
Vol(50)644.59K