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, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Mcgrath Rentcorp is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 110.6 as stoploss in an intra day buy trade for a target of 114.8. However, stock will show a bearish move below 110.6.

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: 111.79
  • 12Day Average: 113.74
  • 20Day Average: 116.6
  • 50Day Average: 115.22
  • 100Day Average: 109.9
  • 150Day Average: 109.18
  • 200Day Average: 110.51

MGRC Indicators & signals

Indicator MACD (12,26,9)

113.58, 115.11, -0.66
Indicator MACD is in negative zone

Indicator ADX (14)

26.98, 15.49, 26.94
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 40
Indicator RSI is indicating selling pressure and stock might fall.

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

Date Close Range Change % Volume
31 Tue Dec 2024 111.82 111.13 to 113.93 0.65% 0.52 times
30 Mon Dec 2024 111.10 108.10 to 111.75 0.28% 0.72 times
27 Fri Dec 2024 110.79 110.05 to 112.79 -1.69% 0.85 times
26 Thu Dec 2024 112.69 111.16 to 114.08 0.12% 0.7 times
24 Tue Dec 2024 112.56 110.64 to 112.79 0.69% 0.24 times
23 Mon Dec 2024 111.79 110.96 to 112.61 -0.76% 0.65 times
20 Fri Dec 2024 112.65 110.05 to 114.68 0.6% 2.51 times
19 Thu Dec 2024 111.98 111.63 to 115.19 -2.08% 1.03 times
18 Wed Dec 2024 114.36 113.72 to 119.79 -3.49% 0.98 times
17 Tue Dec 2024 118.50 116.19 to 119.60 0.39% 1.26 times
16 Mon Dec 2024 118.04 117.27 to 119.82 -0.51% 1.05 times
13 Fri Dec 2024 118.64 118.31 to 121.21 -1.02% 1.28 times

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MGRC NEWS why is Mcgrath Rentcorp price falling or rising

 

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