Stock Performance View
Tracking current trading session activity on shares of Mcgrath Rentcorp (MGRC), we can see that the stock price recently hit 63.41. At the open, shares were trading at 65.19. Since the start of the session, the stock has topped out with a high of 65.45 and bottomed with a low of 63.2. After noting current price levels, we can see that the change from the open is presently -1.89.
Traders may be using technical analysis to help spot ideal entry and exit points. One idea behind technical analysis is that historical price movement trends have the ability to repeat themselves. Technical analysis involves the use of chart patterns to examine market movements and to help define trends. Trends in the stock market are not always easy to spot. Many chartists will strive to determine whether the trend is up, down, or sideways. After defining a trend, the technical analyst may look to see what type of timeframe the trend encompasses. Some traders will look to identify whether the trend is major or long-term, short-term, or intermediate. Being able to decipher what the data is saying may assist the trader with finding potential entry and exit points on a particular trade. There are many different indicators that can be employed when undertaking technical analysis. Many traders will do numerous chart studies to find out which indicator or indicators tend to project the most relevant trading assistance. Learning how to spot these trends might help the trader develop specific charting skills that will hopefully lead to future market success.
Relative Strength
Investors may be tracking various technicals on shares of Mcgrath Rentcorp (MGRC). We can see that the 9 day relative strength value is currently 36.27%. This technical momentum indicator compares the size of recent gains to recent losses helping to identify possible overbought and oversold conditions. The 9 day historical volatility reading is currently 24.82%. This measures the average deviation from the average price spanning the past 9 days. The current 9 day MACD has been spotted at -0.57. This value represents the difference between a short-term and a long-term moving average. A reading over zero may provide a bullish signal, and a value under zero may represent a bearish signal.
Focusing in on some other information, we can see that Mcgrath Rentcorp (MGRC) has a current weighted alpha of +14.90. The weighted alpha gauges how much the stock has increased or decreased over the period of one full year. The weighting puts higher emphasis on more recent activity providing a more relevant measure for short-term technical analysts to use. A positive weighted alpha reading indicates that the stock has risen over the past year. A negative reading would indicate that the stock is down over that same time period. Technical traders often use the weighted alpha to help discover stocks that are building momentum.
Investors are often dealing with the decision of whether to sell a stock that has been a solid performer or hold on to it for more profit. This can be almost as trying as deciding when to buy a certain stock. Once investors have latched on to a certain stock, they may find it hard to let go. On the flip side, investors may also have to deal with cutting ties with a losing stock. With both scenarios, it may be important for investors to try to keep emotion out of the decision making process. Investors may feel that giving up on a losing stock can be admitting that a mistake was made. No matter what the circumstance, not letting go of a losing stock may lead to poor portfolio performance in the long run. Constantly keeping a close watching on fundamental and technical data can provide important information needed to stay afloat in the equity markets.
Earnings Focus
Mcgrath Rentcorp (MGRC) last reported earnings results on 07/30/19. For the most recent period, the company posted quarterly EPS of 0.79. The trailing 12 month earnings number is currently 3.54. The company’s EPS growth over the previous quarter clocks in at 5.33%. The EPS metric is frequently used to measure a company’s profitability based on each outstanding share of common stock.
As the next earnings season comes into focus, investors will be keeping watch on the performance of companies that they own. A company that continually exceeds earnings projections is most likely on the right track. On the other end of the spectrum, a company that frequently misses earnings projections might provide some insight to the fact that something isn’t right. Although it is important to keep track of earnings estimates and results, it shouldn’t be the only thing that the investor is looking at regarding the stock. Just because a company misses or beats expectations for one quarter may not mean anything super special. Tracking performance over a longer period of time can help paint the bigger picture of what is going on with the company. Sharp investors often have the ability to look deeper into the numbers to see the actual causes of an earnings hit or miss. Of course estimates are just that, estimates, and some analysts may be more accurate than others.
