Last week was a very volatile market for MRC. The 5-day rolling ATR spiked to 8.08% compared to it’s 20-day rolling ATR of 5.29%. The 1,250-day rolling ATR is at 4.83% which is lower than the recent rolling ATRs. This suggest that opportunities to trade the asset on the short-term almost doubled.
Although the recent ATR has improved, the 260-week beta analysis indicates that MRC’s is still less volatile than the PSEI by 10%.
More volatility is expected on today as MRC announced in a disclosure that it has partnered with a Chinese firm to look into possible investments in the Philippine liquefied natural gas (LNG) industry.
Average True Range (Daily)
|
Average True Range |
||||||
|---|---|---|---|---|---|---|
|
Days |
5 |
20 |
60 |
250 |
750 |
1250 |
|
H-L |
8.08% |
5.29% |
5.33% |
5.93% |
5.40% |
4.83% |
High To Low Range
|
Average Range (high to low) |
||||||
|---|---|---|---|---|---|---|
|
Days |
5 |
20 |
60 |
250 |
750 |
1250 |
|
H-L |
0.0340 |
0.0193 |
0.0088 |
0.0173 |
0.0099 |
0.0078 |
Open To High Range
|
Average Range (open to high) |
||||||
|---|---|---|---|---|---|---|
|
Days |
5 |
20 |
60 |
250 |
750 |
1250 |
|
O-H |
0.0210 |
0.0108 |
0.0088 |
0.0083 |
0.0049 |
0.0038 |
Open To Low Range
|
Average Range (open to low) |
||||||
|---|---|---|---|---|---|---|
|
Days |
5 |
20 |
60 |
250 |
750 |
1250 |
|
O-L |
-0.0130 |
-0.0085 |
-0.0096 |
-0.0090 |
-0.0050 |
-0.0039 |
Close to Close Range
|
Average Range (close to close) |
||||||
|---|---|---|---|---|---|---|
|
Days |
5 |
20 |
60 |
250 |
750 |
1250 |
|
C-C |
0.0180 |
0.0060 |
0.0026 |
0.0011 |
0.0004 |
0.0002 |
Beta Value
|
Beta |
|---|
|
0.901636772959969 |
Technical Analysis
For entry and exit targets, here’s a technical analysis report by Unicapital Securities to serve as your guide to trade.
Happy investing!
Disclaimer: I don’t own shares of MRC as of this writing.