METROPOLITAN BANK HOLDING CO (MCB) Stock Technical Analysis
USA - NYSE:MCB - US5917741044 - Common Stock
74.54 USD
-0.39 (-0.52%)
74.54 USD
0 (0%)
Overall MCB gets a technical rating of 6 out of 10. In the last year, MCB was one of the better performers, but we do observe some doubts in the very recent evolution.
In the last month MCB has a been trading in the 72.91 - 80.88 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
MCB is part of the Banks industry. There are 392 other stocks in this industry. MCB outperforms 87% of them.
MCB is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so MCB is lagging the market slightly.
Looking at the yearly performance, MCB did better than 81% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
Although the technical rating is only medium, MCB does present a nice setup opportunity. Prices have been consolidating lately.
More info and screens
56.57
81.51
We found 4 important support areas.
- Support @74.49 from a horizontal line in the weekly time frame.
- A support zone ranging from 72.04 to 72.33. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @67.93 from a horizontal line in the daily time frame.
- Support @57.14 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 74.57 to 76.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 78.40 to 80.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for MCB is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MCB is neutral. |
| ChartMill Relative Strength | 81.19 | POSITIVE | MCB has a high relative strength, it outperformed 81.19% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MCB is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of MCB is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MCB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 43.17 | NEUTRAL | The RSI value for MCB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.24 | NEGATIVE | The MACD value suggests MCB has a negative trend. |
| Stochastics (14,3) | 28.78 | NEUTRAL | The Stochastics value for MCB is a neutral value. |
| Average True Range in percent/ATR (20) | 3.19 | MEDIUM VOLATILITY | The ATR as a percentage value for MCB suggests some volalility. |
| Average Directional Index/ADX (14) | 18.73 | NEGATIVE | The low ADX value for MCB suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 76.46 | 74.48 | 1.98 (2.59%) | 25.00% |
| An entry @76.46. This is a Buy Stop order right above the resistance zone. | An exit @74.48. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.98 points, which is 2.59%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.65%. |
- The distance between exit and entry is rather small compared to the average daily movement of MCB. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
74.54
-0.39 (-0.52%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.52%
1 Week0.07%
2 Weeks-2.35%
1 Month-3.76%
3 Month1.57%
6 Month50.56%
12 Month33.04%
2 Year129.99%
3 Year12.94%
5 Year148.88%
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.09
ATR(20)%3.19%
ATR Inc1.93%
Range Today2.71
ADR(20)2.35
ADR(20)%3.16%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS81.19
Mansfield0.6
10 Day High78
10 Day Low72.91
20 Day High80.88
20 Day Low72.91
52 Week High81.33
52 Week Low47.08
CS1 End74.49
CR1 Start74.57
Volume & EV
DER(3)-0.39%
DER(5)0.33%
Volume186.60K
Volume Incr-22.56%
Vol(5)81.16K
Vol(50)79.63K