MELROSE INDUSTRIES PLC (MRO.L) Stock Technical Analysis
LON:MRO - London Exchange - GB00BNGDN821 - Common Stock - Currency: GBX
Overall MRO gets a technical rating of 3 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. MRO was also a bad performer in the overall market in the last year.
Although the technical rating is bad, MRO does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 486.61. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 484.50, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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.
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446.56
2 important support areas can be observed.
- A support zone ranging from 471.25 to 484.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 451.07 to 451.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 486.61 to 486.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @629.83 from a trend line in the weekly 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 | DOWN | NEGATIVE | The long term trend for MRO.L is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MRO.L is up. |
| ChartMill Relative Strength | 10.52 | NEGATIVE | MRO.L has a low relative strength, it was outperformed by 89.48% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MRO.L is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MRO.L is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of MRO.L is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.23 | NEUTRAL | The RSI value for MRO.L is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.63 | POSITIVE | The MACD value suggests MRO.L has a positive trend. |
| Stochastics (14,3) | 60.26 | NEUTRAL | The Stochastics value for MRO.L is a neutral value. |
| Average True Range in percent/ATR (20) | 3.25 | MEDIUM VOLATILITY | The ATR as a percentage value for MRO.L suggests some volalility. |
| Average Directional Index/ADX (14) | 10.82 | NEGATIVE | The low ADX value for MRO.L suggests a weak or negative trend. |
LON:MRO (6/18/2025, 5:29:56 PM)
486.6
+12.4 (+2.61%)