MRC GLOBAL INC (MRC) Stock Technical Analysis
NYSE:MRC - US55345K1034 - Common Stock
14.89 USD
-0.19 (-1.26%)
14.89 USD
0 (0%)
Taking everything into account, MRC scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MRC is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that MRC is one of the better performing stocks in the market, outperforming 79% of all stocks.
MRC is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so MRC is lagging the market slightly.
In the last month MRC has a been trading in the 12.94 - 15.43 range, which is quite wide. It is currently trading near the high of this range.
MRC has an average volume of 1113230 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
MRC is part of the Trading Companies & Distributors industry. There are 50 other stocks in this industry, MRC did better than 57% of them.
Considerably lower volume is observed in the last couple of days.
Although MRC has an excellent technical rating, the quality of the presented setup is not ideal 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.
More info and screens
9.55
15.50
When analyzing the support we can see 4 important areas.
- A support zone ranging from 14.24 to 14.32. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 13.37 to 13.75. 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.
- Support @9.65 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- 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 | UP | POSITIVE | The short term trend for MRC is up. |
| ChartMill Relative Strength | 79.2 | POSITIVE | MRC has a high relative strength, it outperformed 79.2% off all stocks 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) | UP | POSITIVE | The current price of MRC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.17 | NEUTRAL | The RSI value for MRC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests MRC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 82.35 | OVERBOUGHT | The high Stochastics value suggests MRC may be overbought. |
| Average True Range in percent/ATR (20) | 3.21 | MEDIUM VOLATILITY | The ATR as a percentage value for MRC suggests some volalility. |
| Average Directional Index/ADX (14) | 20.37 | NEUTRAL | The ADX value for MRC suggests a possible start of a new 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)
14.89
-0.19 (-1.26%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryTrading Companies & Distributors
Performance
% Chg-1.26%
1 Week0.74%
2 Weeks7.74%
1 Month6.28%
3 Month16.88%
6 Month28.81%
12 Month22.25%
2 Year45.27%
3 Year107.09%
5 Year247.9%
10 Year33.54%
15 YearN/A
Volatility
ATR(14)0.37
ATR(20)%3.21%
ATR Inc-7.59%
Range Today0.28
ADR(20)0.46
ADR(20)%3.07%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.2
Mansfield0.63
10 Day High15.43
10 Day Low13.81
20 Day High15.43
20 Day Low12.94
52 Week High15.59
52 Week Low9.23
CS1 End14.32
CR1 Start15.27
Volume & EV
DER(3)-1.96%
DER(5)1.72%
Volume501.30K
Volume Incr-44.06%
Vol(5)414.98K
Vol(50)1.11M