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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 2024-05-18 View latest technical analysis

10 day averaged volume of Metro Brands is 112662

Date	Daily Closing Price	Open	High	Low	Volume
18 Sat May 2024	1133.40	1152.00	1152.00	1128.00	0.061 times
17 Fri May 2024	1147.15	1114.00	1150.00	1103.00	1.066 times
16 Thu May 2024	1113.20	1107.40	1116.00	1085.00	0.732 times
15 Wed May 2024	1107.40	1082.00	1112.00	1072.05	0.874 times
14 Tue May 2024	1081.55	1069.85	1086.00	1061.15	0.541 times
13 Mon May 2024	1079.80	1040.00	1085.50	1025.65	0.952 times
10 Fri May 2024	1037.35	1030.00	1041.75	1019.00	3.395 times
09 Thu May 2024	1028.75	1058.95	1061.35	1025.00	0.404 times
08 Wed May 2024	1056.95	1065.00	1075.35	1050.75	0.304 times
07 Tue May 2024	1066.95	1064.95	1075.00	1055.15	0.82 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 1142.2, for a target of 1108.9 or 1081.09

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	1152.00
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	1055.37
Downside Intraday Target	977.33
Upside Intraday Target	1181.72
Upside Intraday Target	1230.03
Downside Intraday Target	1103.68

Weekly technical analysis of Metro Brands (METROBRAND)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Sat May 2024	1133.40	1040.00	1152.00	1025.65	0.724 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
18 Sat May 2024	1133.40	1071.05	1152.00	1019.00	0.341 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 neutral. A longer time frame might give a better analysis.

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 tired and bears are picking up momentum.

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

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 positive zone. This is a BUY zone

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 1073.5 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.