METROPOLITAN BANK HOLDING CO (MCB) Stock Technical Analysis
NYSE:MCB - New York Stock Exchange, Inc. - US5917741044 - Common Stock - Currency: USD
We assign a technical rating of 5 out of 10 to MCB. Although MCB is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
MCB is part of the Banks industry. There are 398 other stocks in this industry. MCB outperforms 75% of them.
In the last month MCB has a been trading in the 47.08 - 58.52 range, which is quite wide. It is currently trading near the high of this range.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
When comparing the yearly performance of all stocks, we notice that MCB is one of the better performing stocks in the market, outperforming 87% of all stocks. However, MCB's most recent performance is quite weak.
MCB is currently trading in the middle of its 52 week range. The S&P500 Index is currently trading in the lower part of its 52 week range, so MCB is still doing slightly better than the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although the technical rating is only medium, MCB 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 55.53. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 50.16, a Stop Loss order could be placed below this zone.
More info and screens
48.43
67.97
When analyzing the support we notice one important area.
- A support zone ranging from 48.92 to 50.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 55.53 to 57.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @63.51 from a trend line in the daily time frame.
- A resistance zone ranging from 66.52 to 67.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.17
Mansfield1.44
10 Day High56.37
10 Day Low47.1
20 Day High58.53
20 Day Low47.08
52 Week High69.56
52 Week Low37.1
Performance
1 Week12.14%
2 Weeks12.64%
1 Month0.71%
3 Month-15.61%
6 Month5.19%
12 Month31.78%
2 Year73.01%
3 Year-37.65%
5 Year121.28%
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.59
RSI(14)55.33
LBB46.8
UBB57.13
55.52
+0.88 (+1.61%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg1.61%
1 Week12.14%
2 Weeks12.64%
1 Month0.71%
3 Month-15.61%
6 Month5.19%
12 Month31.78%
2 Year73.01%
3 Year-37.65%
5 Year121.28%
10 YearN/A
15 YearN/A
Volatility
ATR(14)3.23
ATR(20)%4.92%
ATR Inc-41.9%
Range Today2.26
ADR(20)2.47
ADR(20)%4.45%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.17
Mansfield1.44
10 Day High56.37
10 Day Low47.1
20 Day High58.53
20 Day Low47.08
52 Week High69.56
52 Week Low37.1
CS1 End50.16
CR1 Start55.53
Volume & EV
DER(3)-0.26%
DER(5)-2.73%
Volume141.50K
Volume Incr-12.45%
Vol(5)109.78K
Vol(50)110.96K