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(MGRC) Mcgrath Rentcorp complete technical analysis [charts+indicators] | Buy/Sell Mcgrath Rentcorp | (MGRC) share price targets

Complete technical analysis of Mcgrath Rentcorp (MGRC) by charts plus indicators, forecast predictions and share price targets for Mcgrath Rentcorp (MGRC)

Mcgrath Rentcorp trades in USA in Technology sector.

10 day averaged volume of Mcgrath Rentcorp is 81827

Date	Daily Closing Price	Open	High	Low	Volume
22 Wed May 2024	111.37	112.14	113.40	111.32	1.172 times
21 Tue May 2024	112.73	112.02	113.08	112.02	0.866 times
20 Mon May 2024	112.30	111.61	112.94	111.61	0.626 times
17 Fri May 2024	111.60	108.90	111.74	108.80	1.241 times
16 Thu May 2024	108.49	108.38	109.78	108.03	1.684 times
15 Wed May 2024	108.87	109.90	110.72	108.57	0.985 times
14 Tue May 2024	109.07	109.01	109.82	107.77	1.041 times
13 Mon May 2024	108.00	109.91	110.22	107.90	1.012 times
10 Fri May 2024	109.65	110.03	110.03	108.62	0.646 times
09 Thu May 2024	109.83	109.83	111.09	109.34	1.25 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 111.3, but if it comes below 111.3, then a intra day sell could be more profitable.
If you take a sell trade below 111.3, then use 111.3 as stoploss and 109.7 as target. However if you take a buy trade in stock , then use 111.3 as stoploss and 113.2 as target.

Share price targets for Mcgrath Rentcorp (MGRC)

Target Type	Value
Downside Target	105.44
Downside Target	111.09
Upside Target	112.58
Upside Target	113.40
Upside Target	118.15
Upside Target	122.87
Upside Target	123.64
Upside Target	125.14
Upside Target	127.02
Upside Target	130.86

Intraday share price targets for Mcgrath Rentcorp (MGRC)

Target Type	Value
Downside Intraday Target	110.66
Downside Intraday Target	109.95
Upside Intraday Target	112.74
Upside Intraday Target	114.11
Upside Intraday Target	112.03

Weekly technical analysis of Mcgrath Rentcorp (MGRC)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Wed May 2024	111.37	111.61	113.40	111.32	0.447 times
17 Fri May 2024	111.60	109.91	111.74	107.77	0.987 times
10 Fri May 2024	109.65	109.82	111.09	108.62	0.979 times
03 Fri May 2024	109.00	112.58	112.58	105.44	0.543 times
26 Fri Apr 2024	111.71	110.27	111.92	105.71	0.956 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Mcgrath Rentcorp (MGRC)

Date	Monthly Closing Price	Open	High	Low	Volume
22 Wed May 2024	111.37	106.86	113.40	105.44	0.31 times
30 Tue Apr 2024	106.66	122.74	122.87	105.71	0.852 times
28 Thu Mar 2024	123.37	124.34	125.14	118.15	0.584 times
29 Thu Feb 2024	124.48	126.53	130.86	123.64	1.528 times

Scroll below to view daily charts

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Mcgrath Rentcorp (MGRC)

Price action analysis of Mcgrath Rentcorp ( (MGRC) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Mcgrath Rentcorp ( (MGRC) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Mcgrath Rentcorp ( (MGRC) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Mcgrath Rentcorp stock for short term is BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Mcgrath Rentcorp in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Mcgrath Rentcorp Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Mcgrath Rentcorp in short term but SELL signal is weak.

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Mcgrath Rentcorp is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 110.03 and Mcgrath Rentcorp (MGRC) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Mcgrath Rentcorp (MGRC) stock. Volume based technical analysis of Mcgrath Rentcorp (MGRC) stock is negative.

Mcgrath Rentcorp Stock is giving positive returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.