MELROSE INDUSTRIES PLC (MRO.L) Stock Technical Analysis
LON:MRO - GB00BNGDN821 - Common Stock
Taking everything into account, MRO scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, MRO has proven to be a steady performer, scoring decent points in every aspect analyzed.
Besides having an excellent technical rating, MRO also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 590.04. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for MRO in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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.
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503.11
When analyzing the support we can see 2 important areas.
- A support zone ranging from 533.78 to 542.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 508.19 to 513.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 590.04 to 596.81. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @623.55 from a trend line in the weekly time frame.
- Resistance @641.01 from a horizontal 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 | 87.7 | POSITIVE | MRO.L has a high relative strength, it outperformed 87.7% 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 | POSITIVE | The current price of MRO.L is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.04 | NEUTRAL | The RSI value for MRO.L is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests MRO.L has a negative trend. |
| Stochastics (14,3) | 79.56 | NEUTRAL | The Stochastics value for MRO.L is a neutral value. |
| Average True Range in percent/ATR (20) | 2.6 | MEDIUM VOLATILITY | The ATR as a percentage value for MRO.L suggests some volalility. |
| Average Directional Index/ADX (14) | 32.61 | POSITIVE | The high ADX value value for MRO.L suggests a strong 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 |
|---|---|---|---|
| 596.82 | 576.59 | 20.23 (3.39%) | 25.00% |
| An entry @596.82. This is a Buy Stop order right above the resistance zone. | An exit @576.59. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 20.23 points, which is 3.39%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.85%. |
- 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.
LON:MRO (8/22/2025, 1:26:55 PM)
588.9
+1.9 (+0.32%)