MURANO GLOBAL INVESTMENTS PL (MRNO) Stock Technical Analysis
NASDAQ:MRNO • JE00BQ7X4L23
Overall MRNO gets a technical rating of 0 out of 10. MRNO's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, MRNO is a bad performer in the overall market: 99% of all stocks are doing better.
- MRNO is part of the Real Estate Management & Development industry. There are 62 other stocks in this industry, of which 91% are performing better than MRNO.
- MRNO is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month MRNO has a been trading in the 0.60 - 1.98 range, which is quite wide. It is currently trading near the lows of this range.
- MRNO has an average volume of 3764480 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Considerably lower volume is observed in the last couple of days.
The technical rating of MRNO is bad and it also does not present a quality setup 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
0.59
We found 3 important support areas.
- Support @0.65 from a horizontal line in the weekly time frame.
- Support @0.62 from a trend line in the daily time frame.
- Support @0.60 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 0.69 to 0.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @0.72 from a trend line in the daily time frame.
- Resistance @0.96 from a trend line in the daily 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 | DOWN | NEGATIVE | The long term trend for MRNO is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MRNO is down. |
| ChartMill Relative Strength | 1.22 | NEGATIVE | MRNO has a low relative strength, it was outperformed by 98.78% 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) | DOWN | NEGATIVE | The current price of MRNO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 41.55 | NEUTRAL | The RSI value for MRNO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests MRNO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 4.92 | OVERSOLD | The low Stochastics value suggests MRNO may be oversold. |
| Average True Range in percent/ATR (20) | 34.07 | HIGH VOLATILITY | The high ATR as a percentage value for MRNO suggests high volalility. |
| Average Directional Index/ADX (14) | 26.81 | POSITIVE | The high ADX value value for MRNO suggests a strong trend. |
0.6825
+0.05 (+8.14%)
MURANO GLOBAL INVESTMENTS PL / MRNO FAQ
What is the technical rating for MRNO stock?
ChartMill assigns a technical rating of 0 / 10 to MRNO.
Can you provide the trend direction for MURANO GLOBAL INVESTMENTS PL?
The current trend direction for MURANO GLOBAL INVESTMENTS PL (MRNO) is Bearish.
Can you provide the RSI signal for MURANO GLOBAL INVESTMENTS PL?
MURANO GLOBAL INVESTMENTS PL (MRNO) has an RSI value of 41.5509. This indicates that the stock is currently neutral.
What is the MACD signal for MURANO GLOBAL INVESTMENTS PL (MRNO) stock?
The MACD indicator for MURANO GLOBAL INVESTMENTS PL (MRNO) has a value of -0.0222189, indicating a bearish trend.
What is the buy/sell signal for MRNO stock?
The buy/sell signal for MURANO GLOBAL INVESTMENTS PL (MRNO) is sell as both the short term and long term trends are negative.