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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 2024-05-17 View latest technical analysis

10 day averaged volume of Metro Brands is 112012

Date	Daily Closing Price	Open	High	Low	Volume
17 Fri May 2024	1147.15	1114.00	1150.00	1103.00	1.072 times
16 Thu May 2024	1113.20	1107.40	1116.00	1085.00	0.737 times
15 Wed May 2024	1107.40	1082.00	1112.00	1072.05	0.879 times
14 Tue May 2024	1081.55	1069.85	1086.00	1061.15	0.544 times
13 Mon May 2024	1079.80	1040.00	1085.50	1025.65	0.958 times
10 Fri May 2024	1037.35	1030.00	1041.75	1019.00	3.415 times
09 Thu May 2024	1028.75	1058.95	1061.35	1025.00	0.406 times
08 Wed May 2024	1056.95	1065.00	1075.35	1050.75	0.305 times
07 Tue May 2024	1066.95	1064.95	1075.00	1055.15	0.825 times
06 Mon May 2024	1062.75	1068.30	1082.95	1053.00	0.917 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 1133.2, for a target of 1103 or 1077.86

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
Downside Target	1116.75
Upside Target	1150.00
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	1065.2
Downside Intraday Target	983.25
Upside Intraday Target	1189.55
Upside Intraday Target	1231.95
Downside Intraday Target	1107.6

Weekly technical analysis of Metro Brands (METROBRAND)

Date	Weekly Closing Price	Open	High	Low	Volume
17 Fri May 2024	1147.15	1040.00	1150.00	1025.65	0.714 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
17 Fri May 2024	1147.15	1071.05	1150.00	1019.00	0.339 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 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 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 and the buy signal is strong.

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 and the buying is gaining 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 1072.15 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 positive

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