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Melrose Industries PLC (MRO.L) - Buy, Sell or Hold?

Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Mon, 20 Nov 2017NoneBearish EngulfingThu, 09 Nov 20170.61%
***Stock database and scans are updated around midnight (London time) every trading day.
215.30 0.00 (0%) Nov 20 9:00pm BST
Open: 211.50 Range: 210.00 - 216.90 Vol: 3.01M Avg Vol: 8.18M
EPS: 0.30 P/E ratio: 746.00 EBITDA: 211.80M Mkt Cap: 4.24B
Analyze "MRO.L" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Up
Last Trade is above the 5 day moving average at 214.14
Medium Term: Trading is Range Bound
Last Trade is below the 20 day moving average at 217.92
Last Trade is above the 50 day moving average at 214.90
Long Term: Trend is Down
Last Trade is below the 200 day moving average at 227.53
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of MRO.L

Stock Trend Analysis - Buy, Sell or Hold "Melrose Industries PLC" (MRO.L)?

MRO.L is in a long term downtrend and it has traded about 65% of the time below the 200 day moving average in the last 52 weeks on daily average volume of 8.2M shares changing hands. For the medium term, the 50 day moving average is generally in a trading range with a bearish downward bias. The 20 day moving average is also in a trading range but however with a slight bullish bias. MRO.L may experience some profit taking and it is unclear how strong buying support will be for this stock as objectively, it is still in a long term downtrend with the 200 SMA currently at 227.53. Technically, there is very little reason to recommend a buy on this counter. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "MRO.L".
Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Mon, 20 Nov 2017
United Kingdom Stocks Above 200 Day Moving Average
TickerNameTrend AnalysisSupport/Resistance