Morrison (Wm.) Supermarkets plc (MRW.L) Stock Technical Analysis
LON:MRW - London Exchange - GB0006043169
We assign a technical rating of 6 out of 10 to MRW. In the last year, MRW was one of the better performers, but we do observe some doubts in the very recent evolution.
When comparing the yearly performance of all stocks, we notice that MRW is one of the better performing stocks in the market, outperforming 84% of all stocks.
MRW is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so MRW is leading the market.
MRW has an average volume of 1873270 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
In the last month MRW has a been trading in a tight range between 285.00 and 297.00.
MRW has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
169.29
299.98
When analyzing the support we can see 4 important areas.
- A support zone ranging from 285.09 to 285.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 279.85 to 280.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 183.15 to 185.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @171.00 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 287.19 to 291.90. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 297.01 to 297.01. 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 MRW.L is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MRW.L is down. |
| ChartMill Relative Strength | 84.7 | POSITIVE | MRW.L has a high relative strength, it outperformed 84.7% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MRW.L is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of MRW.L is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MRW.L is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.53 | NEUTRAL | The RSI value for MRW.L is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests MRW.L has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 84.46 | OVERBOUGHT | The high Stochastics value suggests MRW.L may be overbought. |
| Average True Range in percent/ATR (20) | 0.54 | LOW VOLATILITY | The low ATR as a percentage value for MRW.L suggests low volalility. |
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)
Morrison (Wm.) Supermarkets plc
LON:MRW (10/26/2021, 5:29:56 PM)
286.7
+0.3 (+0.1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.1%
1 Week0.56%
2 Weeks0.53%
1 Month-1.85%
3 Month7.02%
6 Month64.82%
12 Month76%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.53
ATR(20)%0.54%
ATR Inc12.75%
Range Today0.4
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.7
Mansfield2.1
10 Day High286.8
10 Day Low285
20 Day High297
20 Day Low285
52 Week High297
52 Week Low161.35
CS1 End285.68
CR1 Start287.19
Volume & EV
DER(3)5.22%
DER(5)-1.63%
Volume1.59M
Volume Incr-36.18%
Vol(5)1.72M
Vol(50)1.87M