MCRI Stock Monarch Casino & Resort (MCRI, $66.22) RSI Indicator left the oversold zone on May 24, 2024

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MCRI - Monarch Casino & Resort

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Odds of UP Trend

Price: $66.22

Daily change: +$1.13 (+1.74%)

Daily volume: 79.2K

Capitalization: $1.2B

Industry: Casinos/Gaming

Momentum Indicator for MCRI turns positive, indicating new upward trend

MCRI saw its Momentum Indicator move above the 0 level on October 24, 2024. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 93 similar instances where the indicator turned positive. In of the 93 cases, the stock moved higher in the following days. The odds of a move higher are at .

Technical Analysis (Indicators)

Bullish Trend Analysis

The Moving Average Convergence Divergence (MACD) for MCRI just turned positive on October 25, 2024. Looking at past instances where MCRI's MACD turned positive, the stock continued to rise in of 46 cases over the following month. The odds of a continued upward trend are .

MCRI moved above its 50-day moving average on October 24, 2024 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for MCRI crossed bullishly above the 50-day moving average on October 25, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 16 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where MCRI advanced for three days, in of 327 cases, the price rose further within the following month. The odds of a continued upward trend are .

MCRI may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Bearish Trend Analysis

The RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 6 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 13 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Fundamental Analysis (Ratings)

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.742) is normal, around the industry mean (12.515). P/E Ratio (17.655) is within average values for comparable stocks, (64.997). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (1.549). Dividend Yield (0.016) settles around the average of (0.043) among similar stocks. P/S Ratio (2.901) is also within normal values, averaging (3.531).

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 83, placing this stock better than average.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. MCRI’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.