Overall MNRO gets a technical rating of 7 out of 10. Although MNRO is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although MNRO has an excellent technical rating, the quality of the presented setup is not ideal 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
14.47
3 important support areas can be observed.
- A support zone ranging from 20.54 to 20.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 15.33 to 15.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @14.62 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 21.16 to 21.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @23.46 from a trend line in the weekly time frame.
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 MNRO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MNRO is up. |
| ChartMill Relative Strength | 37.99 | NEUTRAL | MNRO is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MNRO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MNRO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MNRO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.98 | NEUTRAL | The RSI value for MNRO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests MNRO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.91 | OVERBOUGHT | The high Stochastics value suggests MNRO may be overbought. |
| Average True Range in percent/ATR (20) | 3.39 | MEDIUM VOLATILITY | The ATR as a percentage value for MNRO suggests some volalility. |
| Average Directional Index/ADX (14) | 25.87 | POSITIVE | The high ADX value value for MNRO suggests a strong trend. |
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 |
|---|---|---|---|
| 21.45 | 20.53 | 0.92 (4.29%) | 23.32% |
| An entry @21.45. This is a Buy Stop order right above the resistance zone. | An exit @20.53. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.92 points, which is 4.29%. | When investing 23.32% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of MNRO. 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.
20.93
-0.19 (-0.9%)
MONRO INC / MNRO FAQ
What is the ChartMill technical rating of MONRO INC (MNRO) stock?
ChartMill assigns a technical rating of 7 / 10 to MNRO.
What is the current trend direction of MONRO INC (MNRO) stock?
The current trend direction for MONRO INC (MNRO) is Bullish.
What is the RSI signal for MONRO INC (MNRO) stock?
MONRO INC (MNRO) has an RSI value of 63.983. This indicates that the stock is currently neutral.
What is the MACD signal for MONRO INC (MNRO) stock?
The MACD indicator for MONRO INC (MNRO) has a value of 0.0912655, indicating a bearish trend.
What is the buy/sell signal for MNRO stock?
The buy/sell signal for MONRO INC (MNRO) is buy as both the short term and long term trends are positive.