Monro Inc (MNRO): Price Now Near $55.9; Daily Chart Shows Downtrend on 100 Day Basis

The Hourly View for MNRO

Currently, MNRO (Get Ratings)’s price is up $0.33 (0.59%) from the hour prior. MNRO has seen its price go up 5 out of the past 5 hours, thus creating some compelling opportunities for bulls. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Out of Personal Services stocks, MNRO ranks 10th in regards to today’s price percentage change.

MNRO’s Technical Outlook on the Daily Chart

Currently, MNRO’s price is up $0.34 (0.61%) from the day prior. This is a reversal of the price action on the previous day, in which price moved down. As for the trend on the daily timeframe, we see the clearest trend on the 100 day timeframe. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The chart below shows MNRO’s price action over the past 90 days.

MNRO

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MNRO: Daily RSI Analysis

  • MNRO’s RSI now stands at 17.6166.
  • MNRO and RSI may be exhibiting divergent trends. This may be something to monitor.

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