MSC INDUSTRIAL DIRECT CO-A (MSM) Stock Technical Analysis
NYSE:MSM - New York Stock Exchange, Inc. - US5535301064 - Common Stock - Currency: USD
Taking everything into account, MSM scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, MSM is only an average performer.
The long and short term trends are both positive. This is looking good!
MSM is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so MSM is lagging the market slightly.
When compared to the yearly performance of all other stocks, MSM outperforms 56% of them, which is more or less in line with the market.
MSM is an average performer in the Trading Companies & Distributors industry, it outperforms 53% of 48 stocks in the same industry.
In the last month MSM has a been trading in the 80.08 - 92.68 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, MSM also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 87.24, a Stop Loss order could be placed below this zone.
More info and screens
74.21
92.58
When analyzing the support we can see 5 important areas.
- A support zone ranging from 86.18 to 87.24. 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 82.42 to 83.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 77.79 to 78.68. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @76.21 from a horizontal line in the weekly time frame.
- Support @74.96 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 89.27 to 91.66. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 56.56 | 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) | 54.22 | NEUTRAL | The RSI value for MSM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.45 | NEGATIVE | The MACD value suggests MSM has a negative trend. |
| Stochastics (14,3) | 41.14 | NEUTRAL | The Stochastics value for MSM is a neutral value. |
| Average True Range in percent/ATR (20) | 2.51 | MEDIUM VOLATILITY | The ATR as a percentage value for MSM suggests some volalility. |
| Average Directional Index/ADX (14) | 29.49 | POSITIVE | The high ADX value value for MSM suggests a strong 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 |
|---|---|---|---|
| 89.28 | 86.17 | 3.11 (3.48%) | 25.00% |
| An entry @89.28. This is a Buy Stop order right above the 10 day moving average. | An exit @86.17. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 3.11 points, which is 3.48%. | For a 0.87% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of MSM. Please evaluate whether better entry and exit points can be found.
- 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.
87.46
+0.29 (+0.33%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryTrading Companies & Distributors
Performance
% Chg0.33%
1 Week-3.23%
2 Weeks-2.79%
1 Month6.54%
3 Month13.13%
6 Month6.95%
12 Month5.45%
2 Year-13.34%
3 Year5.81%
5 Year32.5%
10 Year22.73%
15 Year73.57%
Volatility
ATR(14)2.35
ATR(20)%2.51%
ATR Inc-50.65%
Range Today1.07
ADR(20)2.15
ADR(20)%2.45%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS56.56
Mansfield-0.09
10 Day High92.68
10 Day Low85.82
20 Day High92.68
20 Day Low80.08
52 Week High92.68
52 Week Low68.1
CS1 End87.24
CR1 Start89.27
Volume & EV
DER(3)1.59%
DER(5)1.83%
Volume756.00K
Volume Incr-10.59%
Vol(5)736.72K
Vol(50)604.43K