MRC is making an attempt to start an uptrend but the general trend is still bearish. Lower highs are still in place and it appears that the 15 EMA is acting as resistance for the stock on the daily chart. MACD is poised for a bullish crossover. RSI is currently at neutral levels but is pointing upward. Support is estimated at 0.28 followed by 0.25 while resistance is expected at 0.315 followed by 0.335.
MRC recorded most of its volume at price 0.29. The most number of trades was also recorded at the same level. The closing price at market recess is at the same level so this level is expected to act as support by market open this afternoon.
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