Taking everything into account, MCB scores 8 out of 10 in our technical rating. In the last year, MCB was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
MCB is part of the Energy Equipment & Services industry. There are 27 other stocks in this industry. MCB outperforms 88% of them.
MCB is currently trading in the upper part of its 52 week range. The market is still in the middle of its 52 week range, so MCB slightly outperforms the market at the moment.
In the last month MCB has a been trading in the 2.34 - 3.80 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
When comparing the yearly performance of all stocks, we notice that MCB is one of the better performing stocks in the market, outperforming 91% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.