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MGRC Stock McGrath Rent (MGRC, $109) Moving Average Convergence Divergence (MACD) Histogram turned positive on May 3, 2024

A.I.dvisor
at Tickeron.com
05/04/24
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MGRC - McGrath RentCorp
MACD signal
Bullish Trend
Odds of UP Trend
Tickeron
MACD signal
Price: $109
Daily change: +$0.35 (+0.32%)
Daily volume: 61.8K
Capitalization: $2.7B
Industry: Finance/Rental/Leasing
This is a Bullish indicator signaling MGRC's price could rise from here. Traders may explore going long the stock or buying call options. A.I. dvisor identified 51 similar cases where MGRC's MACD histogram became positive, and of them led to successful outcomes. Odds of Success:

MGRC's RSI Indicator recovers from overbought zone

The 10-day RSI Indicator for MGRC moved out of overbought territory on November 08, 2024. This could be a sign that the stock is shifting from an upward trend to a downward trend. Traders may want to look at selling the stock or buying put options. Tickeron's A.I.dvisor looked at 31 instances where the indicator moved out of the overbought zone. In of the 31 cases the stock moved lower in the days that followed. This puts the odds of a move down at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 66 cases where MGRC's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where MGRC declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

MGRC broke above its upper Bollinger Band on October 25, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on October 25, 2024. You may want to consider a long position or call options on MGRC as a result. In of 92 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for MGRC just turned positive on October 25, 2024. Looking at past instances where MGRC's MACD turned positive, the stock continued to rise in of 49 cases over the following month. The odds of a continued upward trend are .

MGRC moved above its 50-day moving average on October 25, 2024 date and that indicates a change from a downward trend to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where MGRC advanced for three days, in of 308 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 201 cases where MGRC Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Fundamental Analysis (Ratings)

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 73, placing this stock better than average.

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.

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

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued 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 (3.169) is normal, around the industry mean (4.760). P/E Ratio (26.489) is within average values for comparable stocks, (55.979). Projected Growth (PEG Ratio) (1.714) is also within normal values, averaging (3.039). Dividend Yield (0.015) settles around the average of (0.041) among similar stocks. P/S Ratio (3.561) is also within normal values, averaging (3.178).

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average 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.

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MGRC
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General Information

a seller of equipment required in the normal course of business

Industry FinanceRentalLeasing

Profile
Fundamentals
Details
Industry
Finance Or Rental Or Leasing
Address
5700 Las Positas Road
Phone
+1 925 606-9200
Employees
1204
Web
https://www.mgrc.com