McGrath RentCorp

MGRC is in a clear Stage 4 decline with a medium-term bearish bias confirmed by a decisive support failure. Short-term price is extended below falling EMAs on expanding volume, and rallies have been met with heavy resistance. While the long-term uptrend remains intact, current structure favors trimming into pullbacks near resistance zones.

• ↑Q1 revenue grew 2% YoY to $199M, showing resilience
• ↑CapEx surged to $45M from $12M, supporting geographic expansion
• ↓Adjusted EBITDA fell 1% YoY to $74M, margin pressures persist