Figure 1. MRC Price Chart
Price and moving averages:
MRC has closed below its Short time moving average.
Short time moving average is currently above mid-time, andabove long time moving averages.
The relationship between price and moving averages is: neutral in short-term, and bullish in mid-long term.
Bollinger Bands:
MRC has closed above bottom band by 41.1%.
Bollinger Bands are 67.1% wider than normal.
The large width of the bands suggest high volatility as compared to MRC's normal range. Therefore, the probability of volatility decreasing and prices entering (or remaining in) a trading range has increased for the near-term. The bands have been in this wide range for 5 bars.The probability of prices consolidating into a less volatile trading range increases the longer the bands remain in this wide range.
MRC has closed below its Short time moving average.
Short time moving average is currently above mid-time, andabove long time moving averages.
The relationship between price and moving averages is: neutral in short-term, and bullish in mid-long term.
Bollinger Bands:
MRC has closed above bottom band by 41.1%.
Bollinger Bands are 67.1% wider than normal.
The large width of the bands suggest high volatility as compared to MRC's normal range. Therefore, the probability of volatility decreasing and prices entering (or remaining in) a trading range has increased for the near-term. The bands have been in this wide range for 5 bars.The probability of prices consolidating into a less volatile trading range increases the longer the bands remain in this wide range.
Historical Volatility:
50 day Historical Volatility is 135% (desired: greater than 40%).
6/100 day ratio Historical Volatility is 0.66 ( desired: less than 0.50).Trend Direction and Strength:
MRC is moving sideways to up in a very strong trend strength.
Support/Resistance Lines:
Support: 0.78Resistance: 0.89
Figure 2. Other technical indicators
RSI:
The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 50.35. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 3 period(s) ago.
Stochastic:
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 12.94. This is an oversold reading. However, a signal is not generated until the Oscillator crosses above 20 The last signal was a sell 3 period(s) ago.
MACD:
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. Currently the MACD is bearish since it is trading below its signal line. The last signal was a sell 0 period(s) ago.
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