MRC GLOBAL INC (MRC) Stock Technical Analysis
USA - NYSE:MRC - US55345K1034 - Common Stock
14.62 USD
+0.11 (+0.76%)
14.62 USD
0 (0%)
Overall MRC gets a technical rating of 6 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, MRC is only an average performer.
Both the short term and long term trends are positive. This is a very positive sign.
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 14.13 - 15.43 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
When compared to the yearly performance of all other stocks, MRC outperforms 58% of them, which is more or less in line with the market.
MRC is part of the Trading Companies & Distributors industry. There are 49 other stocks in this industry, MRC did better than 54% of them.
MRC has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 14.66. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 14.52, a Stop Loss order could be placed below this zone.
More info and screens
9.98
15.50
We found 2 important support areas.
- A support zone ranging from 14.19 to 14.52. 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.
We can see 2 important resistance areas.
- A resistance zone ranging from 14.66 to 14.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 | 58.19 | 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 | 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) | 51.61 | 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) | 45.04 | NEUTRAL | The Stochastics value for MRC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.69 | MEDIUM VOLATILITY | The ATR as a percentage value for MRC suggests some volalility. |
| Average Directional Index/ADX (14) | 10.48 | 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 |
|---|---|---|---|
| 14.86 | 14.18 | 0.68 (4.58%) | 21.85% |
| An entry @14.86. This is a Buy Stop order right above the resistance zone. | An exit @14.18. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.68 points, which is 4.58%. | When investing 21.85% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
14.62
+0.11 (+0.76%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryTrading Companies & Distributors
Performance
% Chg0.76%
1 Week2.6%
2 Weeks1.39%
1 Month-4.69%
3 Month-1.81%
6 Month25.6%
12 Month15.66%
2 Year42.63%
3 Year103.34%
5 Year241.59%
10 Year31.12%
15 YearN/A
Volatility
ATR(14)0.38
ATR(20)%2.69%
ATR Inc-29.69%
Range Today0.34
ADR(20)0.39
ADR(20)%2.65%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS58.19
Mansfield0.1
10 Day High15
10 Day Low14.13
20 Day High15.43
20 Day Low14.13
52 Week High15.59
52 Week Low9.23
CS1 End14.52
CR1 Start14.66
Volume & EV
DER(3)1.29%
DER(5)2.91%
Volume531.00K
Volume Incr2.3%
Vol(5)778.96K
Vol(50)802.89K