METROPOLITAN BANK HOLDING CO (MCB) Stock Technical Analysis
USA - NYSE:MCB - US5917741044 - Common Stock
Taking everything into account, MCB scores 1 out of 10 in our technical rating. MCB has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
MCB has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 66.80, a Stop Loss order could be placed below this zone.
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57.72
2 important support areas can be observed.
- A support zone ranging from 65.64 to 66.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @58.30 from a trend line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 66.94 to 66.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @78.40 from a horizontal line in the daily time frame.
- Resistance @80.01 from a horizontal line in the daily time frame.
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 | NEUTRAL | NEUTRAL | The long term trend for MCB is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MCB is down. |
| ChartMill Relative Strength | 53.68 | NEUTRAL | MCB is not amongst the best or worst performers 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) | DOWN | NEGATIVE | The current price of MCB is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of MCB is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 37.17 | NEUTRAL | The RSI value for MCB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.38 | NEGATIVE | The MACD value suggests MCB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 10.34 | OVERSOLD | The low Stochastics value suggests MCB may be oversold. |
| Average True Range in percent/ATR (20) | 4.23 | MEDIUM VOLATILITY | The ATR as a percentage value for MCB suggests some volalility. |
| Average Directional Index/ADX (14) | 23.34 | NEUTRAL | The ADX value for MCB suggests a possible start of a new trend. |
66.93
+1.29 (+1.97%)
METROPOLITAN BANK HOLDING CO / MCB FAQ
What is the ChartMill technical rating of METROPOLITAN BANK HOLDING CO (MCB) stock?
ChartMill assigns a technical rating of 1 / 10 to MCB.
What is the trend direction for MCB stock?
The current trend direction for METROPOLITAN BANK HOLDING CO (MCB) is Bearish.
Can you provide the RSI signal for METROPOLITAN BANK HOLDING CO?
METROPOLITAN BANK HOLDING CO (MCB) has an RSI value of 37.1746. This indicates that the stock is currently neutral.
What is the MACD signal for MCB stock?
The MACD indicator for METROPOLITAN BANK HOLDING CO (MCB) has a value of -0.384264, indicating a bearish trend.
What is the short term momentum for MCB stock?
The short term momentum for METROPOLITAN BANK HOLDING CO (MCB) is negative.