MURANO GLOBAL INVESTMENTS PL (MRNO) Stock Technical Analysis
NASDAQ:MRNO - Nasdaq - JE00BQ7X4L23 - Common Stock - Currency: USD
Taking everything into account, MRNO scores 0 out of 10 in our technical rating. MRNO scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
When comparing the yearly performance of all stocks, MRNO is a bad performer in the overall market: 87% of all stocks are doing better.
MRNO is part of the Real Estate Management & Development industry. There are 64 other stocks in this industry, of which 73% are performing better than MRNO.
In the last month MRNO has a been trading in the 7.99 - 12.07 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
Warning: MRNO has an average volume of 15006 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
MRNO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MRNO is lagging the market.
MRNO has a poor technical rating and the quality of the setup is also only medium at the moment. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
8.08
11.63
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 9.74 to 9.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @10.52 from a trend line in the weekly time frame.
- A resistance zone ranging from 11.07 to 11.08. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 11.50 to 11.51. 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 MRNO is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MRNO is down. |
| ChartMill Relative Strength | 13.03 | NEGATIVE | MRNO has a low relative strength, it was outperformed by 86.97% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MRNO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MRNO is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of MRNO is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 37.27 | NEUTRAL | The RSI value for MRNO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.22 | NEGATIVE | The MACD value suggests MRNO has a negative trend. |
| Stochastics (14,3) | 8.93 | OVERSOLD | The low Stochastics value suggests MRNO may be oversold. |
| Average True Range in percent/ATR (20) | 13.55 | HIGH VOLATILITY | The high ATR as a percentage value for MRNO suggests high volalility. |
| Average Directional Index/ADX (14) | 16.86 | NEGATIVE | The low ADX value for MRNO 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)
8.1655
-0.37 (-4.39%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorReal Estate
GICS IndustryReal Estate Management & Development
Performance
% Chg-4.39%
1 Week-19.39%
2 Weeks-22.6%
1 Month-24.18%
3 Month-10.07%
6 Month-25.7%
12 Month-17.52%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.24
ATR(20)%13.55%
ATR Inc-32.08%
Range Today0.84
ADR(20)0.95
ADR(20)%11.59%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS13.03
Mansfield-2.02
10 Day High12.07
10 Day Low7.99
20 Day High12.07
20 Day Low7.99
52 Week High13.25
52 Week Low5.7
CS1 EndN/A
CR1 Start9.74
Volume & EV
DER(3)-3.21%
DER(5)-4.76%
Volume17.50K
Volume Incr-18.32%
Vol(5)22.30K
Vol(50)15.01K