METROPOLITAN BANK HOLDING CO (MCB) Stock Technical Analysis
USA - NYSE:MCB - US5917741044 - Common Stock
79.1 USD
-1.6 (-1.98%)
79.1 USD
0 (0%)
Overall MCB gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MCB is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that MCB is one of the better performing stocks in the market, outperforming 86% of all stocks. We also observe that the gains produced by MCB over the past year are nicely spread over this period.
MCB is part of the Banks industry. There are 392 other stocks in this industry. MCB outperforms 94% of them.
MCB is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month MCB has a been trading in the 72.82 - 81.33 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
Volume is considerably higher in the last couple of days.
Besides having an excellent technical rating, MCB also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 79.35. Right above this resistance zone may be a good entry point.
More info and screens
55.70
81.51
4 important support areas can be observed.
- Support @76.78 from a trend line in the weekly time frame.
- A support zone ranging from 74.30 to 75.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 67.93 to 68.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @56.26 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 79.35 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 | UP | POSITIVE | The short term trend for MCB is up. |
| ChartMill Relative Strength | 86.85 | POSITIVE | MCB has a high relative strength, it outperformed 86.85% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MCB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MCB is above 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) | 56.71 | NEUTRAL | The RSI value for MCB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.17 | NEGATIVE | The MACD value suggests MCB has a negative trend. |
| Stochastics (14,3) | 62.27 | NEUTRAL | The Stochastics value for MCB is a neutral value. |
| Average True Range in percent/ATR (20) | 2.89 | MEDIUM VOLATILITY | The ATR as a percentage value for MCB suggests some volalility. |
| Average Directional Index/ADX (14) | 33.03 | POSITIVE | The high ADX value value for MCB suggests a strong 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 |
|---|---|---|---|
| 80.71 | 76.77 | 3.94 (4.88%) | 20.48% |
| An entry @80.71. This is a Buy Stop order right above the resistance zone. | An exit @76.77. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 3.94 points, which is 4.88%. | For a 1.00% total portfolio risk, you can invest 20.48% of your capital in this trade. |
- 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.
79.1
-1.6 (-1.98%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-1.98%
1 Week2.13%
2 Weeks-0.47%
1 Month8.82%
3 Month21.79%
6 Month43.48%
12 Month50.9%
2 Year118.03%
3 Year22.9%
5 Year182.5%
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.38
ATR(20)%2.89%
ATR Inc19.99%
Range Today2.23
ADR(20)2.24
ADR(20)%2.84%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.85
Mansfield1.19
10 Day High80.88
10 Day Low75.95
20 Day High81.33
20 Day Low72.82
52 Week High81.33
52 Week Low47.08
CS1 End76.78
CR1 Start79.35
Volume & EV
DER(3)-1.09%
DER(5)-2.13%
Volume332.50K
Volume Incr158.72%
Vol(5)181.14K
Vol(50)95.27K