Why NYSE:MC qualifies as a high growth stock.

Our stock screener has detected a potential breakout setup on MOELIS & CO - CLASS A (NYSE:MC). This breakout pattern is observed when a stock consolidates following a strong upward movement. It's important to note that this pattern is based on technical analysis, and the actual breakout outcome is uncertain. However, it might be worth keeping an eye on NYSE:MC.

Analyzing the Technical Aspects

ChartMill assigns a proprietary Technical Rating to each stock. The score is computed daily by evaluating various technical indicators and properties. The score ranges from 0 to 10.

Overall MC gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MC is showing a nice and steady performance.

• The long and short term trends are both positive. This is looking good!
• When comparing the yearly performance of all stocks, we notice that MC is one of the better performing stocks in the market, outperforming 88% of all stocks. On top of that, MC also shows a nice and consistent pattern of rising prices.
• MC is one of the better performing stocks in the Capital Markets industry, it outperforms 82% of 218 stocks in the same industry.
• MC 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 MC is lagging the market slightly.
• In the last month MC has a been trading in the 65.18 - 81.60 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Check the latest full technical report of MC for a complete technical analysis.

How do we evaluate the setup for NYSE:MC?

ChartMill takes into account not only the Technical Rating but also assigns a Setup Rating to each stock. This rating, on a scale of 0 to 10, reflects the degree of consolidation observed based on short-term technical indicators. Currently, NYSE:MC exhibits a 7 setup rating, indicating its consolidation status in recent days and weeks.

MC has an excellent technical rating and 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 very little resistance above the current price. There is a support zone below the current price at 70.31, a Stop Loss order could be placed below this zone.

Why NYSE:MC may be interesting for high growth investors.

• The EPS of MOELIS & CO - CLASS A has exhibited growth from one quarter to another (Q2Q), with a 247.0% increase. This underscores the company's ability to generate higher earnings and improve its financial standing.
• The quarterly earnings of MOELIS & CO - CLASS A have shown a 247.0% increase compared to the previous quarter, as revealed in the recent financial report. This growth signifies positive momentum in the company's financials, pointing towards a promising upward trend
• MOELIS & CO - CLASS A shows accelerating EPS growth: when comparing the current Q2Q growth of 247.0% to the previous year Q2Q growth of -141.0%, we see the growth rate improving.
• With a favorable trend in its operating margin over the past year, MOELIS & CO - CLASS A demonstrates its ability to enhance profitability through efficient operations. This growth reflects the company's focus on optimizing its cost structure.
• The Return on Equity(ROE) of MOELIS & CO - CLASS A is 11.14%, which is a strong number. This indicates the company's ability to generate favorable returns for shareholders and reflects its effective management of resources.
• MOELIS & CO - CLASS A maintains a healthy Debt-to-Equity ratio of 0.0. This indicates the company's conservative capital structure and signifies its ability to effectively manage debt obligations while maintaining a strong equity position.
• MOELIS & CO - CLASS A has a strong history of beating EPS estimates in the last 4 quarters, signaling its ability to consistently exceed market expectations. This indicates the company's strong financial performance and its potential for creating shareholder value.
• MOELIS & CO - CLASS A has exhibited strong Relative Strength(RS) in recent periods, with a current 88.78 rating. This indicates the stock's ability to outperform the broader market and reflects its competitive position. MOELIS & CO - CLASS A shows promising potential for continued price momentum.

More high growth momentum breakout stocks can be found in our High Growth Momentum Breakout screen.

Keep in mind

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.