MCGRATH RENTCORP (MGRC) Stock Technical Analysis
NASDAQ:MGRC - Nasdaq - US5805891091 - Common Stock - Currency: USD
Taking everything into account, MGRC scores 0 out of 10 in our technical rating. MGRC scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
69% of all other stocks performed better in the past year than MGRC.
MGRC is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
In the last month MGRC has a been trading in the 100.03 - 116.91 range, which is quite wide. It is currently trading near the lows of this range.
MGRC is an average performer in the Trading Companies & Distributors industry, it outperforms 51% of 48 stocks in the same industry.
Although the technical rating is bad, MGRC does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 104.19. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for MGRC in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
97.09
131.25
We found 2 important support areas.
- Support @103.63 from a trend line in the weekly time frame.
- A support zone ranging from 98.07 to 99.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 104.19 to 106.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @109.13 from a horizontal line in the daily time frame.
- Resistance @116.91 from a horizontal line in the daily time frame.
- Resistance @129.95 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
CRS31.71
Mansfield-0.34
10 Day High107.92
10 Day Low100.54
20 Day High116.91
20 Day Low100.03
52 Week High129.93
52 Week Low95.5
Performance
1 Week-1.27%
2 Weeks-2.98%
1 Month-10.67%
3 Month-15.2%
6 Month-8.89%
12 Month-6.88%
2 Year17.03%
3 Year24.63%
5 Year90.69%
10 Year214.17%
15 Year301.62%
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)0.02
RSI(14)41.37
LBB100.75
UBB107.88
104.02
+1.6 (+1.56%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryTrading Companies & Distributors
Performance
% Chg1.56%
1 Week-1.27%
2 Weeks-2.98%
1 Month-10.67%
3 Month-15.2%
6 Month-8.89%
12 Month-6.88%
2 Year17.03%
3 Year24.63%
5 Year90.69%
10 Year214.17%
15 Year301.62%
Volatility
ATR(14)4.31
ATR(20)%4.15%
ATR Inc-28.57%
Range Today2
ADR(20)4.03
ADR(20)%3.87%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS31.71
Mansfield-0.34
10 Day High107.92
10 Day Low100.54
20 Day High116.91
20 Day Low100.03
52 Week High129.93
52 Week Low95.5
CS1 End103.63
CR1 Start104.19
Volume & EV
DER(3)3.8%
DER(5)2.96%
Volume135.70K
Volume Incr-17.15%
Vol(5)121.86K
Vol(50)150.41K