MRC GLOBAL INC (MRC) Stock Technical Analysis
USA - NYSE:MRC - US55345K1034 - Common Stock
Overall MRC gets a technical rating of 3 out of 10. MRC has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
MRC has a poor technical rating and the quality of the setup is also only medium 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.
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9.98
When analyzing the support we can see 2 important areas.
- A support zone ranging from 13.21 to 13.73. 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.
2 important resistance areas can be observed.
- 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 | NEUTRAL | NEUTRAL | The long term trend for MRC is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MRC is neutral. |
| ChartMill Relative Strength | 54.31 | NEUTRAL | MRC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MRC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of MRC is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MRC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.17 | NEUTRAL | The RSI value for MRC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests MRC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 56.66 | 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) | 16.08 | NEGATIVE | The low ADX value for MRC suggests a weak or negative trend. |
13.91
-0.56 (-3.87%)
MRC GLOBAL INC / MRC FAQ
What is the ChartMill technical rating of MRC GLOBAL INC (MRC) stock?
ChartMill assigns a technical rating of 3 / 10 to MRC.
Can you provide the trend direction for MRC GLOBAL INC?
The current trend direction for MRC GLOBAL INC (MRC) is Bearish.
Can you provide the RSI signal for MRC GLOBAL INC?
MRC GLOBAL INC (MRC) has an RSI value of 47.1678. 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 0.0695079, indicating a bearish trend.
What is the short term momentum for MRC stock?
The short term momentum for MRC GLOBAL INC (MRC) is neutral.