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Metro Bank (MTRO)

289.32p

09:39 19/08/19

  • 5.21% 14.32p
  • Today's Low & High
  • 275.00 / 290.20
  • Open / Previous Close
  • 281.60 / 275.00
  • 52-week range
  • -90.25% -2,678.68p
  • Volume
  • 528,814
  • Market Cap(million)
  • £498.84m

290.90p REAL TIME BATS

  • 10:55 19/08/19
  • 5.09%
  • 14.10p

Technical Analysis

Support and resistance levels

S1

2.72
-1.00%

R1

4.61
68.00%

S2

-7.45
-371.00%

R2

4.75
73.00%

Technical comment

Short term
Medium term
Long term

Pivot Points

  • Levels of negotiation support
  • 2.66
  • 2.57
  • Levels of negotiation support resistance
  • 2.85
  • 2.95

Technical situation

Bearish after loss of support in 4.75. Stabilized as it doesn't fall below 2.72.

Recommendation

Short term comment

It should be pointed out that the loss of the short/mid-term previous support located at 4.75 has damaged the long-term structure, turning to bearish for every analysis term; however, some slight exhaustion of the bearish bias is detected in very short terms, although any positive bias would be lost again if it should lose 2.72.

Long term comment

From some months ago, long-term scenario remains bearish. Exhaustion signals that could alert for an upwards trend turn, furthermore, are not yet noticeable.

Indicator Previous Current Signal Comment
RSI 7 8.52 12.63 The RSI 7 warns of high overselling, check for turning signals.
RSI 14 17.08 18.53 The RSI 14 shows an oversold situation (vulnerability of bearish trend).
RSI 21 23.36 24.12 The RSI 21 shows an oversold situation (vulnerability of bearish trend).
RSI 50 33.31 33.48 The RSI 50 doesn't show any sign of overbuy/oversell.
RSI 200 39.93 39.96 The RSI 200 doesn't show any sign of overbuy/oversell.
Fast Stochastic n/a n/a Bearish trend exhaustion signals, confirmed with turning signal.
Slow Stochastic n/a n/a Bearish trend exhaustion signals, without turning signal.
Simple Moving Average 7 2.98 2.92 Very short-term trend is bearish.
Simple Moving Average 21 3.68 3.59 Bearish mid-term trend.
Simple Moving Average 50 4.69 4.61 Bearish mid-term trend.
Simple Moving Average 200 11.23 11.14 Bearish long-term trend.
Exponential Moving Average 7 2.99 2.93 Very short-term trend is bearish.
Exponential Moving Average 21 3.59 3.52 Bearish mid-term trend.
Exponential Moving Average 50 3.59 3.52 Bearish mid-term trend.
Exponential Moving Average 200 3.59 3.52
MACD Line -0.59 -0.58 Price following bullish trend.
MACD Signal -0.57 -0.57 Price following bullish trend.
Bollinger 95 n/a n/a
Bollinger 99 n/a n/a
Double Exponential Moving Average 7 3.20 3.13 Very short-term trend is bearish.
Double Exponential Moving Average 21 4.50 4.41 Bearish mid-term trend.
Double Exponential Moving Average 50 4.50 4.41 Bearish mid-term trend.
Double Exponential Moving Average 200 4.50 4.41 Bearish long-term trend.
Divergences n/a n/a NO
On Balance Vol. -358,264.35 -339,813.64 OBV is bearish.
Momentum 7 -0.41 -0.38 Extremely high falling speed in the very short term.
Momentum 7 -1.25 -0.95 Extremely high short-term falling speed.
% K Williams 93.83 87.95 Oversold, would favour a bullish turn.
Priority Date Notification
19/08/2019 Clear oversell according to RSI7, which could develop a short-term turn.
19/08/2019 RSI14 points some overselling, which if increasing, is likely to reflect renewed short and mid term bullish pressure.
19/08/2019 RSI7 points some overselling, which if increasing, is likely to reflect renewed mid term bullish pressure.
19/08/2019 Bullish signal from fast stochastic. Previous close points the chance of rebounds after a recent negative move.
16/08/2019 Clear oversell according to RSI7, which could develop a short-term turn.
16/08/2019 RSI14 points some overselling, which if increasing, is likely to reflect renewed short and mid term bullish pressure.
16/08/2019 RSI7 points some overselling, which if increasing, is likely to reflect renewed mid term bullish pressure.
16/08/2019 Moderate strength signals from fast stochastic anticipate likely short-term rebounds.
15/08/2019 Clear oversell according to RSI7, which could develop a short-term turn.
15/08/2019 RSI14 points some overselling, which if increasing, is likely to reflect renewed short and mid term bullish pressure.
15/08/2019 RSI7 points some overselling, which if increasing, is likely to reflect renewed mid term bullish pressure.