METROPOLITAN BANK HOLDING CO (MCB) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:MCB - US5917741044 - Common Stock
Taking everything into account, MCB scores 8 out of 10 in our technical rating. 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.
MCB has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 80.70. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 79.26, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for MCB in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
60.30
We found 5 important support areas.
- A support zone ranging from 76.23 to 79.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @71.93 from a trend line in the weekly time frame.
- Support @70.53 from a trend line in the daily time frame.
- Support @63.98 from a horizontal line in the daily time frame.
- Support @60.91 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 80.70 to 81.60. 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 | 83.59 | POSITIVE | MCB has a high relative strength, it outperformed 83.59% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of MCB is above a declining 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) | 57.56 | NEUTRAL | The RSI value for MCB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests MCB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 70.49 | NEUTRAL | The Stochastics value for MCB is a neutral value. |
| Average True Range in percent/ATR (20) | 3.53 | MEDIUM VOLATILITY | The ATR as a percentage value for MCB suggests some volalility. |
| Average Directional Index/ADX (14) | 12.98 | NEGATIVE | The low ADX value for MCB suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 81.61 | 76.22 | 5.39 (6.60%) | 15.14% |
| An entry @81.61. This is a Buy Stop order right above the resistance zone. | An exit @76.22. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 5.39 points, which is 6.60%. | For a 1.00% total portfolio risk, you can invest 15.14% 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.
79.97
-1.41 (-1.73%)
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 8 / 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 57.5638. 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 -0.0725072, 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 positive.