METROPOLITAN BANK HOLDING CO (MCB) Stock Technical Analysis
NYSE:MCB • US5917741044
Overall MCB gets a technical rating of 9 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 81.47 - 97.84 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- 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!
- When comparing the yearly performance of all stocks, we notice that MCB is one of the better performing stocks in the market, outperforming 82% of all stocks. On top of that, MCB also shows a nice and consistent pattern of rising prices.
- MCB is part of the Banks industry. There are 379 other stocks in this industry. MCB outperforms 88% 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.
Although MCB has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
62.32
We found 4 important support areas.
- Support @75.89 from a trend line in the weekly time frame.
- Support @67.17 from a trend line in the daily time frame.
- Support @63.98 from a horizontal line in the daily time frame.
- Support @62.95 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 94.95 to 96.39. 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 | 82.77 | POSITIVE | MCB has a high relative strength, it outperformed 82.77% 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) | 38.05 | NEUTRAL | The RSI value for MCB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.48 | NEGATIVE | The MACD value suggests MCB has a negative trend. |
| Stochastics (14,3) | 27.62 | NEUTRAL | The Stochastics value for MCB is a neutral value. |
| Average True Range in percent/ATR (20) | 4.6 | MEDIUM VOLATILITY | The ATR as a percentage value for MCB suggests some volalility. |
| Average Directional Index/ADX (14) | 22.78 | NEUTRAL | The ADX value for MCB suggests a possible start of a new trend. |
84.15
-2.15 (-2.49%)
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 9 / 10 to MCB.
Can you provide the trend direction for METROPOLITAN BANK HOLDING CO?
The current trend direction for METROPOLITAN BANK HOLDING CO (MCB) is Bullish.
What is the RSI signal for METROPOLITAN BANK HOLDING CO (MCB) stock?
METROPOLITAN BANK HOLDING CO (MCB) has an RSI value of 38.0464. This indicates that the stock is currently neutral.
Can you provide the MACD signal for METROPOLITAN BANK HOLDING CO?
The MACD indicator for METROPOLITAN BANK HOLDING CO (MCB) has a value of -1.48164, indicating a bearish trend.
What is the short term momentum for METROPOLITAN BANK HOLDING CO (MCB) stock?
The short term momentum for METROPOLITAN BANK HOLDING CO (MCB) is neutral.