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(METROBRAND) Metro Brands complete technical analysis [charts+indicators] | Buy/Sell Metro Brands | (METROBRAND) share price targets

Complete technical analysis of Metro Brands (METROBRAND) by charts plus indicators, forecast predictions and share price targets for Metro Brands (METROBRAND)

Showing technical analysis as on 2024-05-16 View latest technical analysis

10 day averaged volume of Metro Brands is 115576

Date	Daily Closing Price	Open	High	Low	Volume
16 Thu May 2024	1113.20	1107.40	1116.00	1085.00	0.714 times
15 Wed May 2024	1107.40	1082.00	1112.00	1072.05	0.852 times
14 Tue May 2024	1081.55	1069.85	1086.00	1061.15	0.527 times
13 Mon May 2024	1079.80	1040.00	1085.50	1025.65	0.928 times
10 Fri May 2024	1037.35	1030.00	1041.75	1019.00	3.31 times
09 Thu May 2024	1028.75	1058.95	1061.35	1025.00	0.394 times
08 Wed May 2024	1056.95	1065.00	1075.35	1050.75	0.296 times
07 Tue May 2024	1066.95	1064.95	1075.00	1055.15	0.8 times
06 Mon May 2024	1062.75	1068.30	1082.95	1053.00	0.888 times
03 Fri May 2024	1068.30	1083.00	1084.90	1062.10	0.983 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 1117.1, for a target of 1093.7 or 1074.23

Share price targets for Metro Brands (METROBRAND)

Target Type	Value
Downside Target	1016.05
Downside Target	1055.75
Downside Target	1096.10
Downside Target	1108.00
Upside Target	1116.00
Upside Target	1116.75
Upside Target	1173.45
Upside Target	1183.20
Upside Target	1238.50
Upside Target	1317.25

Intraday share price targets for Metro Brands (METROBRAND)

Target Type	Value
Downside Intraday Target	1053.9
Downside Intraday Target	994.6
Upside Intraday Target	1144.25
Upside Intraday Target	1175.3
Downside Intraday Target	1084.95

Weekly technical analysis of Metro Brands (METROBRAND)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Thu May 2024	1113.20	1040.00	1116.00	1025.65	0.531 times
10 Fri May 2024	1037.35	1068.30	1082.95	1019.00	1.42 times
03 Fri May 2024	1068.30	1090.00	1096.10	1062.10	0.699 times
26 Fri Apr 2024	1082.20	1073.30	1108.00	1057.20	1.023 times
19 Fri Apr 2024	1068.85	1035.00	1116.75	1017.00	0.604 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Metro Brands (METROBRAND)

Date	Monthly Closing Price	Open	High	Low	Volume
16 Thu May 2024	1113.20	1071.05	1116.00	1019.00	0.309 times
30 Tue Apr 2024	1073.50	1165.50	1173.45	1017.00	0.367 times
28 Thu Mar 2024	1153.95	1133.40	1238.50	1016.05	2.624 times
29 Thu Feb 2024	1139.10	1117.60	1183.20	1021.50	0.926 times

Scroll below to view daily charts

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Metro Brands (METROBRAND)

Price action analysis of Metro Brands ( (METROBRAND) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Metro Brands ( (METROBRAND) ) based on a short to mid term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Metro Brands ( (METROBRAND) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Metro Brands stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Metro Brands in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Metro Brands Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Metro Brands in short term and BUY signal is strong.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Metro Brands is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 1063.72 and Metro Brands (METROBRAND) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Metro Brands (METROBRAND) stock. Volume based technical analysis of Metro Brands (METROBRAND) stock is negative.

Metro Brands Stock is giving positive returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.