METRO BANK ORD 0.0001P
METRO BANK ORD 0.0001P
69.76 GBX (-10.98%)
End-of-day data - London Stock Exchange
Open: 76.68
Change: -8.60
Volume: 2,059,842
Low: 69.53
High: 78.16
High / Low range: 8.63
Type: Stocks
Ticker: MTRO
ISIN: GB00BZ6STL67

METRO BANK ORD 0.0001P - Daily - Technical analysis published on 02/20/2020

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  • Timeframe : Daily
  • - Analysis generated on 2020-02-20 13:40:59
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Summary of the analysis

Trends
Court terme: Bearish
De fond: Slightly bearish
Technical indicators
6%
67%
28%
My opinion
Bearish under 205.7 GBX
My targets
182.3 GBX (-5.18%)
170.0 GBX (-11.61%)
My analysis
The basic trend is currently slightly bearish on METRO BANK ORD 0.0001P and the short term does not seem to show any sign of improvement. Sellers are struggling to get their hands on this instrument. However, as long as the price remains below 205.7 GBX, sales could be favoured. The first bearish objective would be located at 182.3 GBX. Sellers would then use the next support located at 170.0 GBX as an objective. A return to above the resistance at 205.7 GBX could jeopardize this fragile bearish trend. Indecision would then be total and in this case you could keep away.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
FORCE
0
10
4.5

Complete this analysis for another time unit:
Weekly
Attention: This analysis is for information purposes only and does not constitute personalized investment advice or an incentive to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial product so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this analysis. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

Additional analysis

Quotes

METRO BANK ORD 0.0001P rating 192.3 GBX. The price registered a decrease of -1.39% on the session with the lowest point at 188.9 GBX and the highest point at 199.3 GBX. The deviation from the price is +1.80% for the low point and -3.51% for the high point.

188.9
199.3
192.3

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by METRO BANK ORD 0.0001P:
The Central Records scanner for higher/lower results shows the following items:

Central Records

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of METRO BANK ORD 0.0001P in Daily shows an overall slightly bearish trend. Only 60.71% of the signals given by moving averages are bearish. This slightly bearish trend is not supported by the signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 100

Type : Bullish

Timeframe : Daily



In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : Daily


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily



For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Central Candlesticks

Bearish engulfing lines

Type : Bearish

Timeframe : Daily




ProTrendLines
S1
R1
R2
R3
Price


S1PriceR1R2R3
ProTrendLines 191.4 192.3 263.2 497.1 694.0
Change (%) -0.47% - +36.87% +158.50% +260.89%
Change -0.9 - +70.9 +304.8 +501.7
Level Major - Intermediate Intermediate Minor



To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard195.5200.3205.1209.9214.7219.5224.3
Camarilla207.4208.2209.1210.0210.9211.8212.6
Woodie195.6200.3205.2209.9214.8219.5224.4
Fibonacci200.3203.9206.2209.9213.5215.8219.5


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard176.0192.8204.4221.2232.8249.6261.2
Camarilla208.2210.8213.4216.0218.6221.2223.8
Woodie173.4191.5201.8219.9230.2248.3258.6
Fibonacci192.8203.7210.4221.2232.1238.8249.6


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard170.0182.3205.7218.0241.4253.7277.1
Camarilla219.2222.5225.7229.0232.3235.5238.8
Woodie175.5185.1211.2220.8246.9256.5282.6
Fibonacci182.3196.0204.4218.0231.7240.1253.7

Numerical data


The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 40.90
MACD (12,26,9): 0.6000
Directional Movement: -3.7
AROON (14): -64.3
DEMA (21): 214.1
Parabolic SAR (0,02-0,02-0,2): 233.2
Elder Ray (13): -6.1
Super Trend (3,10): 194.1
Zig ZAG (10): 203.8
VORTEX (21): 1.0000
Stochastique (14,3,5): 17.00
TEMA (21): 212.7
Williams %R (14): -94.50
Chande Momentum Oscillator (20): -22.2
Repulse (5,40,3): -4.5000
ROCnROLL: 2
TRIX (15,9): 0.2000
Courbe Coppock: 1.00
MA7: 210.8
MA20: 214.5
MA50: 206.4
MA100: 206.9
MAexp7: 210.7
MAexp20: 212.3
MAexp50: 211.8
MAexp100: 242.7
Price / MA7: -8.78%
Price / MA20: -10.35%
Price / MA50: -6.83%
Price / MA100: -7.06%
Price / MAexp7: -8.73%
Price / MAexp20: -9.42%
Price / MAexp50: -9.21%
Price / MAexp100: -20.77%

This member declared not having a position on this financial instrument or a related financial instrument.

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