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McGrath Rentcorp's 15-minute chart sees MACD Golden Cross, Bollinger Bands expanding upward.
ByAinvest
Wednesday, Aug 13, 2025 9:49 am ET1min read
McGrath Rentcorp's 15-minute chart has recently triggered a significant technical indicator, namely the MACD Golden Cross, in conjunction with expanding Bollinger Bands upward. This event occurred on August 13, 2025, at 09:45. The implications of this indicator are that the stock price is poised to continue rising, driven by sustained buying activity in the market.
Analysts are forecasting a significant upside for the Vanguard High Dividend Yield ETF (VYM), with an implied target price of $149.13 per unit, according to recent data from ETF Channel [1]. This represents a 10.88% increase from the ETF's recent trading price of $134.50 per unit.The ETF's underlying holdings are also expected to perform well, with notable upside potential. McGrath RentCorp (MGRC), Renasant Corp (RNST), and Ardagh Metal Packaging SA (AMBP) are among the top performers. MGRC, for instance, has an average analyst target price of $146.33 per share, a 23.48% increase from its recent trading price of $118.51 per share [1]. Similarly, RNST has a 14.29% upside potential from its recent price of $36.31, with an average analyst target of $41.50 per share, and AMBP is expected to reach a target price of $4.38 per share, a 13.60% increase from its recent price of $3.86 [1].
These positive analyst predictions are based on a variety of factors, including recent company performance, industry trends, and market conditions. However, investors should conduct their own research to determine if these targets are justified. A high price target relative to a stock's trading price can reflect optimism about the future, but it can also be a precursor to target price downgrades if the targets were a relic of the past.
Additionally, on August 13, 2025, McGrath RentCorp's 15-minute chart triggered a significant technical indicator, namely the MACD Golden Cross, in conjunction with expanding Bollinger Bands upward. This event, which occurred at 09:45, suggests that the stock price is poised to continue rising, driven by sustained buying activity in the market.
References:
[1] https://www.nasdaq.com/articles/analysts-predict-11-gains-ahead-holdings-vym
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