The Marcus Corp Forecast and Stock Analysis
Technical MCS.L stock analysis for February 15, 2019.
|Shorts||3.77% ( 2019-01-31 )|
The Marcus Corp fell by -0.55% in the last day from $128.40 to $127.70 and has now fallen 5 days in a row. The price has fallen in 7 of the last 10 days and is down by -5.27% for this period. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -4 167 shares and in total 855 149 shares bought and sold for approximately $109.20 million.
Close price at the end of the last trading day (Friday, 15th Feb 2019) of the MCS.L stock was $127.70. This is 0.55% less than the trading day before Thursday, 14th Feb 2019.
During day the stock fluctuated 3.13% from a day low at $127.60 to a day high of $131.60.
30 day high of the MCS.L stock price was $142.00 and low was $127.60.
90 day high was $144.40 and low was $127.40.
52 week high for the The Marcus Corp - $152.00 and low - $96.05.
The Marcus Corp has broken the horizontal trend down. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately $128.53 is considered to be a "second chance" to get out before further fall. It is, however, important to note that false breaks may appear and that the price may move back into the horizontal trend. A break on increasing volume is considered to be more significant and reliable than breaks on low volume.
There are few to none technical positive signals at the moment. The Marcus Corp holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at $130.23 and $136.31. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Thursday January 24, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Relative Strength Index (RSI)
The stock currently holds a RSI14 at 27 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.
Support & Resistance
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $4.00 (3.13%) between high and low. For the last week, the stock has had a daily average volatility of 2.73%.
The Marcus Corp is oversold on RSI14 (27). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Evaluation: Strong Sell Candidate
The Marcus Corp holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Strong Sell Candidate.