Monroe Capital Technical Analysis (NASDAQ:MRCC)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. The Monroe Capital stock price data and volume are plotted in MRCC stock charts and these trading charts form the basis of technical analysis.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for Monroe Capital. The technical analysis form of Monroe Capital stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Monroe Capital Moving Average
Moving averages show the MRCC stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. The 20 day moving average of $13.58 is below the last closing price of $13.72 and the 50 day moving average of $13.72 is below the last closing price of $13.72. The 10 and 20 day periods can predict short term moving average trends.
Monroe Capital Bollinger Bands
Bollinger bands comprise of a center line usually MRCC SMA, and two MRCC stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. Monroe Capital bollinger bands show that the stock price is $13.72, upper band is 13.95, lower band is 13.2, and the average is 13.58.
Monroe Capital Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The Monroe Capital MACD indicator can be used to identify bullish and bearish trends for the stock.
Monroe Capital Relative Strength Index
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. If the RSI of MRCC stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.