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Stock analysis Metro Brands Limited METROBRAND

More indepth analysis on MunafaSutra.com

Moving Averages for Metro Brands Limited

  • 5Day Average: 1154.33
  • 12Day Average: 1115.87
  • 20Day Average: 1098.93
  • 50Day Average: 1076.24
  • 100Day Average: 1026.85
  • 150Day Average: 959.91
  • 200Day Average: 926.71

METROBRAND Indicators & signals

Indicator MACD (12,26,9)

1129.43, 1100.65, 15.52
Indicator MACD is in positive zone

Indicator ADX (14)

50.87, 32.57, 10.61
Indicator ADX is indicating that momentum is still strong.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 59
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of METROBRAND Metro Brands Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
04 Wed Oct 2023 1192.50 1180.00 to 1239.75 -5.76% 1.33 times
03 Tue Oct 2023 1265.40 1130.00 to 1298.80 12.36% 7.16 times
29 Fri Sep 2023 1126.25 1086.55 to 1149.80 3.51% 0.5 times
28 Thu Sep 2023 1088.10 1081.05 to 1100.05 -1.03% 0.09 times
27 Wed Sep 2023 1099.40 1083.95 to 1120.00 0.67% 0.36 times
26 Tue Sep 2023 1092.10 1065.55 to 1095.95 2.29% 0.12 times
25 Mon Sep 2023 1067.70 1058.05 to 1097.55 -2.14% 0.21 times
22 Fri Sep 2023 1091.00 1075.30 to 1108.85 0.42% 0.46 times
21 Thu Sep 2023 1086.40 1072.25 to 1102.90 -1.03% 0.16 times
20 Wed Sep 2023 1097.75 1040.10 to 1104.55 -0.15% 0.41 times
18 Mon Sep 2023 1099.40 1072.00 to 1105.00 1.38% 0.52 times
15 Fri Sep 2023 1084.45 1060.00 to 1089.10 1.6% 0.1 times

Technical analysis forecast of Metro Brands Limited Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Metro Brands Limited METROBRAND at this time. Stock is rising and might rise more.

It appears as if Metro Brands Limited METROBRAND gave a large move recently.

Stock of Metro Brands Limited (METROBRAND) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

My analysis of Metro Brands Limited is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Metro Brands Limited stays above 1157.4, but if it comes below 1157.4, then a intra day sell could be more profitable.
If you take a sell trade below 1157.4, then use 1157.4 as stoploss and 1109.86 as target. However if you take a buy trade in Metro Brands Limited, then use 1157.4 as stoploss and 1214.4 as target.

More indepth analysis on MunafaSutra.com