MSC INDUSTRIAL DIRECT CO-A (MSM) Stock Technical Analysis
NYSE:MSM • US5535301064
Taking everything into account, MSM scores 7 out of 10 in our technical rating. In the last year, MSM was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
- 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.
- A new 52 week high is currently being made by MSM, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- MSM 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 comparing the performance of all stocks over the past year, MSM turns out to be only a medium performer in the overall market: it outperformed 66% of all stocks.
- MSM is an average performer in the Trading Companies & Distributors industry, it outperforms 43% of 51 stocks in the same industry.
MSM has an excellent technical rating, but the quality of the setup is only medium 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
80.20
We found 3 important support areas.
- A support zone ranging from 87.99 to 89.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 85.37 to 86.53. 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 81.01 to 83.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 95.56 to 95.56. 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 MSM is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MSM is up. |
| ChartMill Relative Strength | 66.51 | NEUTRAL | MSM is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MSM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MSM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MSM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.24 | NEUTRAL | The RSI value for MSM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.65 | POSITIVE | The MACD value suggests MSM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 79.65 | NEUTRAL | The Stochastics value for MSM is a neutral value. |
| Average True Range in percent/ATR (20) | 2.81 | MEDIUM VOLATILITY | The ATR as a percentage value for MSM suggests some volalility. |
| Average Directional Index/ADX (14) | 24.79 | NEUTRAL | The ADX value for MSM suggests a possible start of a new trend. |
92.04
-2.96 (-3.12%)
MSC INDUSTRIAL DIRECT CO-A / MSM FAQ
What is the ChartMill technical rating of MSC INDUSTRIAL DIRECT CO-A (MSM) stock?
ChartMill assigns a technical rating of 7 / 10 to MSM.
What is the trend direction for MSM stock?
The current trend direction for MSC INDUSTRIAL DIRECT CO-A (MSM) is Bearish.
What is the RSI signal for MSC INDUSTRIAL DIRECT CO-A (MSM) stock?
MSC INDUSTRIAL DIRECT CO-A (MSM) has an RSI value of 58.2355. This indicates that the stock is currently neutral.
Can you provide the MACD signal for MSC INDUSTRIAL DIRECT CO-A?
The MACD indicator for MSC INDUSTRIAL DIRECT CO-A (MSM) has a value of 0.650258, indicating a bearish trend.
What is the short term momentum for MSM stock?
The short term momentum for MSC INDUSTRIAL DIRECT CO-A (MSM) is positive.