Technical Analysis for MRC - Mercantile Investment Trust [The] Plc

Grade Last Price % Change Price Change
grade D 196.0 0.51% 1.00
MRC closed up 0.51 percent on Friday, August 7, 2020, on 45 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. It was able to find support at its 50 day moving average. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a pullback should not be unexpected.

Trend Table & Recent Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Up Up
Historical MRC trend table...

Date Alert Name Type % Chg
50 DMA Support Bullish 0.00%
Spinning Top Other 0.00%
NR7 Range Contraction 0.00%
Stochastic Reached Overbought Strength 0.00%
Overbought Stochastic Strength 0.00%
50 DMA Support Bullish 0.51%
Crossed Above 20 DMA Bullish 0.00%
Crossed Above 50 DMA Bullish 0.00%
MACD Bullish Signal Line Cross Bullish 0.00%
Up 3 Days in a Row Strength 0.00%

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Profile

The Mercantile Investment Trust plc is a United Kingdom-based investment trust company. The Company's objective is to achieve long term capital growth from a portfolio of the United Kingdom-based medium and smaller companies. The Company's investment policy includes to emphasize growth from medium and smaller companies; long term dividend growth at least in line with inflation; to use long term gearing to increase potential returns to shareholders, and to invest approximately 15% of gross assets in the other United Kingdom listed investment companies (including investment trusts). The Company's investment includes sectors, such as consumer services, financials, industrials, consumer goods, technology, oil and gas, healthcare and basic materials. The Company employs JPMorgan Funds Limited as its Alternative Investment Fund Manager.
Healthcare Oil And Gas Investment Trust Dividend Consumer Services S&P/Asx 200 Ftse Fledgling Index Investment Company

Is MRC a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Recent News

Indicators

Indicator Value
52 Week High 279.104
52 Week Low 116.6833
Average Volume 882,047
200-Day Moving Average 218.56
50-Day Moving Average 194.72
20-Day Moving Average 191.61
10-Day Moving Average 189.36
Average True Range 4.70
ADX 16.51
+DI 22.88
-DI 22.35
Chandelier Exit (Long, 3 ATRs ) 186.90
Chandelier Exit (Short, 3 ATRs ) 195.29
Upper Bollinger Band 200.71
Lower Bollinger Band 182.51
Percent B (%b) 0.74
BandWidth 9.50
MACD Line -0.39
MACD Signal Line -1.24
MACD Histogram 0.8474
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 200.53
Resistance 3 (R3) 200.43 198.81 199.78
Resistance 2 (R2) 198.81 197.66 198.87 199.52
Resistance 1 (R1) 197.41 196.95 198.11 197.51 199.27
Pivot Point 195.79 195.79 196.15 195.85 195.79
Support 1 (S1) 194.39 194.64 195.09 194.49 192.73
Support 2 (S2) 192.77 193.93 192.83 192.48
Support 3 (S3) 191.37 192.77 192.23
Support 4 (S4) 191.47