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Wm. Morrison Supermarkets plc (MRW.L) - Buy, Sell or Hold?

Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Fri, 22 Sep 2017NoneBullish EngulfingTue, 19 Sep 2017-0.42%
***Stock database and scans are updated around midnight (London time) every trading day.
234.70 0.00 (0%) Sep 22 9:35pm BST
Open: 234.20 Range: 232.80 - 235.40 Vol: 6.06M Avg Vol: 7.75M
EPS: 13.00 P/E ratio: 18.05 EBITDA: 907.00M Mkt Cap: 5.46B
Analyze "MRW.L" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Up
Last Trade is above the 5 day moving average at 234.36
Medium Term: Trend is Down
Last Trade is below the 20 day moving average at 241.73
Last Trade is below the 50 day moving average at 244.78
Long Term: Trend is Down
Last Trade is below the 200 day moving average at 240.62
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of MRW.L

Stock Trend Analysis - Buy, Sell or Hold "Wm. Morrison Supermarkets plc" (MRW.L)?

Although MRW.L is currently trading below its 200 day moving average, it is prudent to note that in the last 52 weeks, MRW.L has been trading above the 200 day moving average for 97% of the time with an average daily volume of 7.8M shares changing hands. This could portend a sustained reversal in trend, or just a slight bump in the road prior to resuming its bullish bias.The 50 day moving average indicates a medium term trading range with a bullish upside inclination. The 20 day moving average is however on a slight bearish bias, otherwise, it is also indicating range bound trading. Objectively, as long as MRW.L is trading below its 200 SMA, rallies will be sold into and traders can expect a lot of resistance near the 200 SMA currently at 240.62. Technically there are too many uncertainties to recommend a buy on this stock at this moment. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "MRW.L".
Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Fri, 22 Sep 2017
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