MELROSE INDUSTRIES PLC (MRO.L) Stock Technical Analysis
LON:MRO - London Exchange - GB00BNGDN821 - Common Stock - Currency: GBX
Taking everything into account, MRO scores 7 out of 10 in our technical rating. MRO has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
The long and short term trends are both positive. This is looking good!
In the last month MRO has a been trading in the 497.30 - 557.20 range, which is quite wide. It is currently trading near the high of this range.
MRO has an average volume of 1715600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, MRO turns out to be only a medium performer in the overall market: it outperformed 64% of all stocks.
MRO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MRO is lagging the market.
Although MRO has an excellent technical rating, it does not offer a high quality setup 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
514.20
633.31
2 important support areas can be observed.
- Support @540.60 from a horizontal line in the daily time frame.
- A support zone ranging from 519.39 to 530.96. 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 541.41 to 541.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @627.04 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 | UP | POSITIVE | The long term trend for MRO.L is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MRO.L is up. |
| ChartMill Relative Strength | 64.94 | NEUTRAL | MRO.L is not amongst the best or worst performers 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 | POSITIVE | The current price of MRO.L is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.85 | NEUTRAL | The RSI value for MRO.L is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.97 | NEGATIVE | The MACD value suggests MRO.L has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 59.37 | NEUTRAL | The Stochastics value for MRO.L is a neutral value. |
| Average True Range in percent/ATR (20) | 2.65 | MEDIUM VOLATILITY | The ATR as a percentage value for MRO.L suggests some volalility. |
| Average Directional Index/ADX (14) | 24.37 | NEUTRAL | The ADX value for MRO.L suggests a possible start of a new 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)
LON:MRO (7/18/2025, 5:36:15 PM)
541.4
+5.4 (+1.01%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.01%
1 Week1.39%
2 Weeks4.24%
1 Month4.68%
3 Month31.26%
6 Month-4.85%
12 Month-1.35%
2 Year1.9%
3 Year12.41%
5 Year89.62%
10 Year-52.74%
15 Year-13%
Volatility
ATR(14)12.91
ATR(20)%2.65%
ATR Inc38.86%
Range Today17.8
ADR(20)13.68
ADR(20)%2.53%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS64.94
Mansfield-0.16
10 Day High557.2
10 Day Low520.8
20 Day High557.2
20 Day Low497.3
52 Week High682.6
52 Week Low376.2
CS1 End540.6
CR1 Start541.41
Volume & EV
DER(3)7.02%
DER(5)7.71%
Volume2.21M
Volume Incr-3.62%
Vol(5)1.75M
Vol(50)1.72M