Explanation to Bollinger's Bands

Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.

Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.

Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation

BandWidth defines the current width of the band.
%b defines the current position within the band.

BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)

Live Samples:

Bollinger Bottleneck Buy Pattern 1
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.

Source: http://www.bollingerbands.com

RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of MGRC
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Green day on Thursday for McGrath RentCorp stock after gaining 0.80%
(Updated on Mar 28, 2024)

Hold candidate since Mar 27, 2024 Gain 0.80% PDF

The McGrath RentCorp stock price gained 0.80% on the last trading day (Thursday, 28th Mar 2024), rising from $122.39 to $123.37. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 0.83% from a day low at $122.37 to a day high of $123.39. The price has risen in 8 of the last 10 days and is up by 3.61% over the past 2 weeks. Volume fell on the last day by -216 thousand shares and in total, 238 thousand shares were bought and sold for approximately $29.33 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 8.52% during the next 3 months and, with a 90% probability hold a price between $127.88 and $147.26 at the end of this 3-month period.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

MGRC Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, March 14, 2024, and so far it has risen 3.61%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The McGrath RentCorp stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $124.02. On a fall, the stock will find some support from the short-term average at $122.22. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.

Support, Risk & Stop-loss for McGrath RentCorp stock

McGrath RentCorp finds support from accumulated volume at $122.39 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $1.02 between high and low, or 0.83%. For the last week the stock has had daily average volatility of 0.83%.

Our recommended stop-loss: $117.62 (-4.66%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 10 days ago.)

Trading Expectations (MGRC) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect McGrath RentCorp to open at $123.04, and during the day (based on 14 day Average True Range), to move between $121.88 and $124.86, which gives a possible trading interval of +/-$1.49 (+/-1.21%) up or down from last closing price. If McGrath RentCorp takes out the full calculated possible swing range there will be an estimated 2.41% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $123.75 (0.31%) than the support at $122.39 (0.79%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is McGrath RentCorp stock A Buy?

McGrath RentCorp holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.499 Hold/Accumulate Unchanged

Predicted Opening Price for McGrath RentCorp of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$123.04 ( 0.265%) $123.37

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for MGRC

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 124.06 0.562 %
R2 123.67 0.246 %
R1 123.43 0.0510 %
Current price: 123.37
Support S1 122.65 -0.581 %
S2 122.41 -0.776 %
S3 122.02 -1.09 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 126.43 2.48 %
R2 124.82 1.18 %
R1 123.75 0.308 %
Current price 123.37
Support S1 122.39 -0.794%
S2 122.25 -0.91%
S3 119.43 -3.19%

MGRC Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 21, 2024 Apr 15, 2024 Apr 30, 2024 $0.475 0.385%
2 Dec 07, 2023 Jan 16, 2024 Jan 31, 2024 $0.465 0.370%
3 Sep 15, 2023 Oct 16, 2023 Oct 31, 2023 $0.465 0.462%
4 Jun 07, 2023 Jul 14, 2023 Jul 31, 2023 $0.465 0.482%
5 Feb 22, 2023 Apr 13, 2023 Apr 28, 2023 $0.465 0.523%

FAQ

What is the symbol for McGrath RentCorp Stock and on which exchange is it traded?
The symbol for McGrath RentCorp is MGRC and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell McGrath RentCorp Stock?
McGrath RentCorp holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

How to buy McGrath RentCorp Stock?
McGrath RentCorp Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy McGrath RentCorp Stock.

What's the current price of McGrath RentCorp Stock?
As of the end of day on the 2024-03-28, the price of an McGrath RentCorp (MGRC) share was $123.37.

What is the 52-week high and low for McGrath RentCorp Stock?
The 52-week high for McGrath RentCorp Stock is $130.82 and the 52-week low is $85.63.

What is the market capitalization of McGrath RentCorp Stock?
As of the 2024-03-28, the market capitalization of McGrath RentCorp is 3.022B.

When is the next earnings date for McGrath RentCorp?
The upcoming earnings date for McGrath RentCorp is May 02, 2024.
Click to get the best stock tips daily for free!

About McGrath RentCorp

McGrath Rent McGrath RentCorp operates as a business to business rental company in the United States and internationally. It rents and sells relocatable modular buildings, portable storage containers, electronic test equipment and related accessories, and liquid and solid containment tanks and boxes. The company operates through four segments: Mobile Modular, TRS-RenTelco, Adler Tanks, and Enviroplex. The Mobile Modular segment rents and sells modular buildin... MGRC Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT