MRC GLOBAL INC (MRC) Stock Technical Analysis
NYSE:MRC - New York Stock Exchange, Inc. - US55345K1034 - Common Stock - Currency: USD
Overall MRC gets a technical rating of 5 out of 10. MRC has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
MRC is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
When compared to the yearly performance of all other stocks, MRC outperforms 41% of them, which is more or less in line with the market.
MRC is an average performer in the Trading Companies & Distributors industry, it outperforms 53% of 48 stocks in the same industry.
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.
MRC has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 12.79. Right above this resistance zone may be a good entry point.
More info and screens
9.55
15.00
When analyzing the support we can see 4 important areas.
- Support @11.46 from a horizontal line in the daily time frame.
- Support @10.08 from a horizontal line in the weekly time frame.
- Support @9.87 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 12.79 to 12.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @13.14 from a horizontal line 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 | NEUTRAL | NEUTRAL | The long term trend for MRC is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MRC is up. |
| ChartMill Relative Strength | 41.24 | NEUTRAL | MRC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of MRC is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of MRC is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of MRC is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.59 | NEUTRAL | The RSI value for MRC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests MRC has a negative trend. |
| Stochastics (14,3) | 39 | NEUTRAL | The Stochastics value for MRC is a neutral value. |
| Average True Range in percent/ATR (20) | 3.41 | MEDIUM VOLATILITY | The ATR as a percentage value for MRC suggests some volalility. |
| Average Directional Index/ADX (14) | 13.83 | 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)
12.41
-0.13 (-1.04%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryTrading Companies & Distributors
Performance
% Chg-1.04%
1 Week0.65%
2 Weeks-3.42%
1 Month6.16%
3 Month1.97%
6 Month-11.17%
12 Month-6.62%
2 Year42.81%
3 Year10.9%
5 Year109.63%
10 Year-18.94%
15 YearN/A
Volatility
ATR(14)0.31
ATR(20)%3.41%
ATR Inc-23.09%
Range Today0.26
ADR(20)0.38
ADR(20)%3.03%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS41.24
Mansfield-0.54
10 Day High12.91
10 Day Low12.04
20 Day High13.34
20 Day Low10.76
52 Week High15.41
52 Week Low9.23
CS1 End11.46
CR1 Start12.79
Volume & EV
DER(3)-4.97%
DER(5)-4.29%
Volume612.50K
Volume Incr-20.46%
Vol(5)571.46K
Vol(50)721.18K