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Metro Bank (MTRO)

580.00p

12:39 17/06/19

  • -0.68% -4.00p
  • Today's Low & High
  • 575.06 / 605.00
  • Open / Previous Close
  • 590.00 / 584.00
  • 52-week range
  • -82.69% -2,770.00p
  • Volume
  • 126,517
  • Market Cap(million)
  • £1,000.04m

577.25p REAL TIME BATS

  • 13:54 17/06/19
  • -1.74%
  • -10.25p

Technical Analysis

Support and resistance levels

S1

5.84
0.00%

R1

16.26
178.00%

S2

4.75
-19.00%

R2

22.02
277.00%

Technical comment

Short term
Medium term
Long term

Pivot Points

  • Levels of negotiation support
  • 5.62
  • 5.36
  • Levels of negotiation support resistance
  • 6.09
  • 6.30

Technical situation

Bearish in the long term, though short term won't be bearish-biased as long as it doesn't lose support at 4.75.

Recommendation

Short term comment

Though long-term trend or scenario is bearish, in the mid-term it stands for neutral. Only if it should lose the first important support located at 4.75, los intermediate terms would be bearish-biased together with the long-term structures.

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 31.30 29.57 The RSI 7 doesn't show any sign of overbuy/oversell.
RSI 14 39.48 38.61 The RSI 14 doesn't show any sign of overbuy/oversell.
RSI 21 40.52 39.97 The RSI 21 doesn't show any sign of overbuy/oversell.
RSI 50 39.33 39.15 The RSI 50 doesn't show any sign of overbuy/oversell.
RSI 200 41.26 41.21 The RSI 200 doesn't show any sign of overbuy/oversell.
Fast Stochastic n/a n/a Heavy exhaustion of the bearish movement, however with no turning signal yet.
Slow Stochastic n/a n/a Bearish trend exhaustion signals, confirmed with turning signal.
Simple Moving Average 7 6.39 6.23 Very short-term trend is bearish.
Simple Moving Average 21 6.77 6.79 Bearish mid-term trend.
Simple Moving Average 50 7.17 7.13 Bearish mid-term trend.
Simple Moving Average 200 16.38 16.26 Bearish long-term trend.
Exponential Moving Average 7 6.30 6.19 Very short-term trend is bearish.
Exponential Moving Average 21 6.65 6.58 Bearish mid-term trend.
Exponential Moving Average 50 6.65 6.58
Exponential Moving Average 200 6.65 6.58
MACD Line -0.27 -0.30 Price following bullish trend.
MACD Signal -0.19 -0.21 Price following bullish trend.
Bollinger 95 n/a n/a
Bollinger 99 n/a n/a
Double Exponential Moving Average 7 6.65 6.55 Very short-term trend is bearish.
Double Exponential Moving Average 21 6.84 6.83 Bearish mid-term trend.
Double Exponential Moving Average 50 6.84 6.83
Double Exponential Moving Average 200 6.84 6.83
Divergences n/a n/a NO
On Balance Vol. 267,836.08 242,975.77 OBV is bullish
Momentum 7 -1.01 -0.88 Extremely high falling speed in the very short term.
Momentum 7 -1.70 -2.06 Extremely high short-term falling speed.
% K Williams 96.24 88.89 Oversold, would favour a bullish turn.
Priority Date Notification
17/06/2019 Bullish signal from fast stochastic. Previous close points the chance of rebounds after a recent negative move.
14/06/2019 Bullish signal from fast stochastic. Previous close points the chance of rebounds after a recent negative move.
31/05/2019 Bearish signal from fast stochastic. Previous close's weakness points the risk of falls after a recent positive move.
22/05/2019 Moderate strength signals from fast stochastic anticipate likely short-term rebounds.
21/05/2019 Moderate strength signals from fast stochastic anticipate likely short-term rebounds.
20/05/2019 Moderate strength signals from fast stochastic anticipate likely short-term rebounds.
17/05/2019 Moderate strength signals from fast stochastic anticipate likely short-term rebounds.
16/05/2019 Moderate strength signals from fast stochastic anticipate likely short-term rebounds.
15/05/2019 RSI7 points some overselling, which if increasing, is likely to reflect renewed short term bullish pressure.
15/05/2019 RSI14 points some overselling, which if increasing, is likely to reflect renewed short and mid term bullish pressure.
15/05/2019 Bullish signal from fast stochastic. Previous close points the chance of rebounds after a recent negative move.