Signal Update on Shares of Mcgrath Rentcorp (MGRC): Weighted Alpha Hits -3.18

Investors may be watching indicator signals on shares of Mcgrath Rentcorp (MGRC). After a recent look, we have noted that the beta research opinion is currently Sell. This signal uses a system combining volatility, momentum, and wave theory to help spot the general trend. In terms of direction, the signal is currently Weakest. This signal may indicate if the Buy or Sell is weakening or gaining strength, or if the Hold is leaning towards a Buy or Sell. The beta research strength signal is currently Minimum. This signal is compared to the historical performance where maximum would be considered the strongest, and minimum would be seen as the weakest. 

Stock market investors often rely on fundamental analysis for stock research. The EPS or earnings per share ratio shows the amount of company earnings that can be attributed to every share that is held. EPS lets investors directly compare one company to another when examining potential investments. Investors are typically searching for stocks that have a growing EPS. The EPS measure tends to be more telling when viewed over a longer period of time. When companies report quarterly earnings, the EPS measure is highly scrutinized by investors and analysts alike.

Focusing in on some other information, we can see that the stock has a current weighted alpha of -3.18. The weighted alpha measures how much the stock has increased or decreased over the period of one full year. The weighting puts greater emphasis on more recent activity offering a more relevant measure for short-term technical analysts to use. A positive weighted alpha reading indicates that shares have 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 developing momentum. Current and potential shareholders will be earnestly watching to see how the stock performs as we near the midway point of the calendar year. Tracking current trading session activity on shares of Mcgrath Rentcorp (MGRC), we can see that the stock price recently hit 50.13. Since the start of the session, the stock has reached a high of 50.15 and hit a low of 49.47.

Taking a look at some indicators on shares of Mcgrath Rentcorp (MGRC), we note that the reading from the 40-day commodity channel index is currently Hold. The CCI indicator is primarily used to identify oversold and overbought levels. The signal direction is currently Bullish. Checking on the 50-day parabolic time/price signal, we can see the signal is presently Buy. The signal direction is currently reading Strongest. Investors may opt to study a variety of different indicators in order to gain further insight on company share action. Traders may have increased interest when shares are nearing key support and resistance levels.

Mcgrath Rentcorp (MGRC) currently has 5 day MA of 49.65. Investors may use moving averages for multiple purposes. Some may use the moving average as a primary trading tool, while others may use it as a back-up. Investors may be looking for when the stock price crosses a certain moving average and then closes on the other side. These moving average crossovers may be used to help identify momentum shifts, or possible entry/exit points. A cross below a particular moving average may signal the start of a downward move. On the other end, a cross above a moving average may suggest a possible uptrend. Investors may be focused on many different time periods when studying moving averages. The stock currently has a 200 day MA of 56.24.

For technical traders, support and resistance lines play an important role. The support line generally displays the lowest price that investors will let a stock trade. This means that the stock price is unlikely to drop under this level. When support lines are breached, chartists may be watching for shares to move lower until they reach the next support level. The resistance line is the exact opposite of the support line. The resistance level is typically the highest price that investors will allow the stock to trade at. Traders will carefully watch the stock price when a resistance level is broken. The thought is that the price will continue to move towards the next level of resistance. Traders and investors may use support and resistance lines for various purposes. One popular use of these lines is to identify possible entry and exit points for trades.