REPORTING FOR 2019-10-22 | LOGISTICS-BUSINESS-REVIEW.COM: We have done an in-depth analysis of how MGRC has been trading over the last 2 weeks and the past day especially. On its latest session, McGrath RentCorp ($MGRC) opened at 68.53, reaching a high of 69.61 and a low of 68.4 before closing at a price of 68.91. There was a total volume of 44800.
VOLUME INDICATORS FOR MCGRATH RENTCORP ($MGRC): We saw an accumulation-distribution index of 153.76944, an on-balance volume of -68.27, chaikin money flow of 1.24074 and a force index of 2.945. There was an ease of movement rating of 0.02784, a volume-price trend of 5.0063 and a negative volume index of 1000.0.
VOLATILITY INDICATORS FOR MCGRATH RENTCORP ($MGRC): We noted an average true range of 0.87706, bolinger bands of 69.65247, an upper bollinger band of 65.77753, lower bollinger band of 68.4, a bollinger high band indicator of 1.0, bollinger low band indicator of 1.0, a central keltner channel of 68.84667, high band keltner channel of 67.76667, low band keltner channel of 69.92667, a high band keltner channel indicator of 1.0 and a low band keltner channel indicator of 1.0. There was a donchian channel high band of 68.4, a donchian channel low band of 68.4, a donchian channel high band indicator of 1.0, and a donchian channel low band indicator of 1.0.
TREND INDICATORS FOR MCGRATH RENTCORP ($MGRC): We calculated a Moving Average Convergence Divergence (MACD) of -0.03074, a MACD signal of -0.01708, a MACD difference of -0.01366, a fast Exponential Moving Average (EMA) indicator of 68.4, a slow Exponential Moving Average (EMA) indicator of 68.4, an Average Directional Movement Index (ADX) of unknown, an ADX positive of 20.0, an ADX negative of 20.0, a positive Vortex Indicator (VI) of 1.0, a negative VI of 1.0, a trend vortex difference of 0.1695, a trix of 4.7996, a Mass Index (MI) of 1.0, a Commodity Channel Index (CCI) of -66.66667, a Detrended Price Oscillator (DPO) of -4.68683, a KST Oscillator (KST) of 73.56145 and a KST Oscillator (KST Signal) of 73.56145 (leaving a KST difference of -5.37565). We also found an Ichimoku rating of 69.07, an Ichimoku B rating of 69.07, a Ichimoku visual trend A of 65.9923, an Ichimoku visual trend B of 67.10233, an Aroon Indicator (AI) up of 4.0 and an AI indicator down of 4.0. That left a difference of -4.0.
MOMENTUM INDICATORS FOR MCGRATH RENTCORP ($MGRC): We found a Relative Strength Index (RSI) of 50.0, a Money Flow Index (MFI) of 100.0, a True Strength Index (TSI) of 100.0, an ultimate oscillator of 97.30113, a stochastic oscillator of 112.03704, a stochastic oscillator signal of 112.03704, a Williams %R rating of 12.03704 and an awesome oscillator of -0.33683.
RETURNS FOR MCGRATH RENTCORP ($MGRC): There was a daily return of 7.35615, a daily log return of -2.02325 and a cumulative return of -2.00292.
What the heck does all of this mean? If you are new to technical analysis, the above may be gibberish to you, and that’s OK (though we do advise learning these things). The bottom line is that AS OF 2019-10-22 (if you are reading this later, the analysis will be out of date), here is what our deep analysis of technical indicators are telling us for McGrath RentCorp ($MGRC)…
DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling McGrath RentCorp ($MGRC) based solely on our analysis above, and are not responsible for any losses that you may incur if you choose make any investment decisions based on the above.