MGRC NEWS why is Mcgrath Rentcorp price falling or rising

MGRC NEWS reasons for why stock price of Mcgrath Rentcorp is falling or rising

MGRC Mcgrath Rentcorp is falling or rising technical reasons

Technical analysis forecast for Mcgrath Rentcorp Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Mcgrath Rentcorp MGRC at this time. Stock is falling and might fall more.

It appears as if Mcgrath Rentcorp MGRC gave a large move recently.

Stock of Mcgrath Rentcorp (MGRC) is trading below an important moving average line, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

My analysis of Mcgrath Rentcorp is bearish for shortterm, and stock might move down till 105.2 or till 103.3. Use a stoploss of 106.73 and if the stock hits stoploss, then it can shoot up till 108.29

MGRC Mcgrath Rentcorp is falling or rising NEWS fundamental reasons

More announcements and NEWS

MGRC Mcgrath Rentcorp current price & indicator signals

Moving Averages for Mcgrath Rentcorp

  • 5Day Average: 106.63
  • 12Day Average: 105.51
  • 20Day Average: 106.24
  • 50Day Average: 108.42
  • 100Day Average: 115.9
  • 150Day Average: 114.66
  • 200Day Average: 111.15

MGRC Indicators & signals

Indicator MACD (12,26,9)

106.34, 107.17, -1.24
Indicator MACD is in negative zone

Indicator ADX (14)

11.54, 22.01, 27.75
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 49
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of MGRC Mcgrath Rentcorp are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
25 Tue Jun 2024 106.59 104.87 to 106.99 -0.86% 0.42 times
24 Mon Jun 2024 107.52 107.45 to 108.58 0.13% 0.49 times
21 Fri Jun 2024 107.38 105.51 to 107.69 1.04% 1.03 times
20 Thu Jun 2024 106.27 104.77 to 106.65 0.83% 1.12 times
18 Tue Jun 2024 105.40 105.27 to 106.95 0% 0.8 times
18 Tue Jun 2024 105.40 105.27 to 106.95 -0.21% 0.8 times
17 Mon Jun 2024 105.62 103.85 to 106.25 0.97% 0.54 times
14 Fri Jun 2024 104.61 103.00 to 104.68 -0.25% 1.43 times
13 Thu Jun 2024 104.87 103.15 to 105.15 -0.69% 0.79 times
12 Wed Jun 2024 105.60 103.45 to 106.66 2.64% 1.63 times
11 Tue Jun 2024 102.88 102.08 to 104.10 -1.08% 1.38 times
10 Mon Jun 2024 104.00 102.43 to 105.00 -1.27% 0.82 times

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MGRC NEWS why is Mcgrath Rentcorp price falling or rising

 

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