MCRI Should I Buy

MCRI is not a good buy right now for an impatient investor. The stock is in a bearish technical setup (downtrend across key moving averages, MACD still negative) with no Intellectia buy signals and no near-term news catalysts. While fundamentals are improving and the Street sees upside to the price target, the current tape suggests better odds of lower prices first (support near ~88.8), making this a wait/hold rather than a chase.

Trend/structure: Bearish. The moving average stack is negative (SMA_200 > SMA_20 > SMA_5), indicating the stock remains in a broader downtrend. Momentum: MACD histogram is -0.0845 (below zero) and only “negatively contracting,” which suggests downside momentum is easing but has not flipped bullish. RSI: RSI(6) at ~41 is neutral-to-weak (not oversold), implying there’s room for price to drift lower before a reflexive bounce is forced. Levels: Pivot ~90.49 is essentially where price is (~90.19). Immediate resistance sits ~92.17 then ~93.20; support is ~88.81 then ~87.78. For an impatient entry, buying at the pivot in a downtrend is unattractive; a more favorable entry would typically be closer to support with improving momentum. Pattern-based short-term odds: The provided analog suggests ~50% chance of -0.19% next day, -3.17% next week, and -2.97% next month—tilting near-term expectations modestly bearish. Intellectia Proprietary Trading Signals: **Intellectia Proprietary Trading Signals** - [AI Stock Picker](module://ai_stock_pick): No signal on given stock today. - [SwingMax](module://swingmax): No signal on given stock today.