MSC INDUSTRIAL DIRECT CO-A (MSM) Stock Technical Analysis
NYSE:MSM - US5535301064 - Common Stock
90.23 USD
-0.74 (-0.81%)
90.23 USD
0 (0%)
Taking everything into account, MSM scores 8 out of 10 in our technical rating. Although MSM is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The long and short term trends are both positive. This is looking good!
MSM is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month MSM has a been trading in the 84.34 - 92.00 range, which is quite wide. It is currently trading near the high of this range.
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 42% of 50 stocks in the same industry.
Although MSM has an excellent technical rating, the quality of the presented setup is not ideal 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
81.81
92.63
When analyzing the support we can see 2 important areas.
- A support zone ranging from 84.90 to 89.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @82.64 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 90.83 to 91.71. 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 MSM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MSM is up. |
| ChartMill Relative Strength | 66.78 | 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) | 57.53 | NEUTRAL | The RSI value for MSM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.34 | POSITIVE | The MACD value suggests MSM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 86.6 | OVERBOUGHT | The high Stochastics value suggests MSM may be overbought. |
| Average True Range in percent/ATR (20) | 1.82 | LOW VOLATILITY | The low ATR as a percentage value for MSM suggests low volalility. |
| Average Directional Index/ADX (14) | 22.27 | NEUTRAL | The ADX value for MSM suggests a possible start of a new 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 |
|---|---|---|---|
| 91.72 | 86.06 | 5.66 (6.17%) | 16.20% |
| An entry @91.72. This is a Buy Stop order right above the resistance zone. | An exit @86.06. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 5.66 points, which is 6.17%. | For a 1.00% total portfolio risk, you can invest 16.20% of your capital in this trade. |
- 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.
90.23
-0.74 (-0.81%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryTrading Companies & Distributors
Performance
% Chg-0.81%
1 Week-0.66%
2 Weeks3.88%
1 Month5.92%
3 Month11.12%
6 Month12.28%
12 Month9.72%
2 Year-11.59%
3 Year13.91%
5 Year36.92%
10 Year33.3%
15 Year102.45%
Volatility
ATR(14)1.8
ATR(20)%1.82%
ATR Inc10.59%
Range Today2.25
ADR(20)1.57
ADR(20)%1.74%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS66.78
Mansfield0.06
10 Day High92
10 Day Low86.07
20 Day High92
20 Day Low84.34
52 Week High92.68
52 Week Low68.1
CS1 End89.62
CR1 Start90.83
Volume & EV
DER(3)1.31%
DER(5)0.5%
Volume468.20K
Volume Incr6.21%
Vol(5)432.56K
Vol(50)621.63K