MCGRATH RENTCORP (MGRC) Stock Technical Analysis
NASDAQ:MGRC - Nasdaq - US5805891091 - Common Stock - Currency: USD
Overall MGRC gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, MGRC is only an average performer.
The long and short term trends are both positive. This is looking good!
A new 52 week high is currently being made by MGRC, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
In the last month MGRC has a been trading in the 119.18 - 129.93 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, MGRC turns out to be only a medium performer in the overall market: it outperformed 58% of all stocks.
MGRC is part of the Trading Companies & Distributors industry. There are 48 other stocks in this industry, MGRC did better than 61% of them.
MGRC 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
97.09
128.45
When analyzing the support we can see 6 important areas.
- A support zone ranging from 122.11 to 122.89. 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 117.36 to 118.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @114.66 from a trend line in the daily time frame.
- A support zone ranging from 110.08 to 110.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 103.52 to 104.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @98.07 from a horizontal line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS58.22
Mansfield0.47
10 Day High129.93
10 Day Low119.18
20 Day High129.93
20 Day Low119.18
52 Week High129.93
52 Week Low95.5
Performance
1 Week5.86%
2 Weeks1.77%
1 Month3%
3 Month5.19%
6 Month16.54%
12 Month1.83%
2 Year23.67%
3 Year56.47%
5 Year83.12%
10 Year297.56%
15 Year431.69%
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)
Technical Indicators
MACD(12,26,9)0.34
RSI(14)63.36
LBB117.7
UBB128.01
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 |
|---|---|---|---|
| 129.94 | 122.10 | 7.84 (6.03%) | 16.57% |
| An entry @129.94. This is a Buy Stop order right above the 10 day high. | An exit @122.10. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 7.84 points, which is 6.03%. | For a 1.00% total portfolio risk, you can invest 16.57% 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.
127.18
-1.78 (-1.38%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryTrading Companies & Distributors
Performance
% Chg-1.38%
1 Week5.86%
2 Weeks1.77%
1 Month3%
3 Month5.19%
6 Month16.54%
12 Month1.83%
2 Year23.67%
3 Year56.47%
5 Year83.12%
10 Year297.56%
15 Year431.69%
Volatility
ATR(14)3.03
ATR(20)%2.17%
ATR Inc134.75%
Range Today5.35
ADR(20)2.65
ADR(20)%2.08%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS58.22
Mansfield0.47
10 Day High129.93
10 Day Low119.18
20 Day High129.93
20 Day Low119.18
52 Week High129.93
52 Week Low95.5
CS1 End122.89
CR1 StartN/A
Volume & EV
DER(3)4.91%
DER(5)3.05%
Volume225.10K
Volume Incr19.09%
Vol(5)174.90K
Vol(50)137.77K