Technical analysis from Melrose (MRO.L, LON:MRO) on the London Stock Exchange (LSE). Download the latest price data & trading signals

Melrose
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Melrose: Average Directional Index (15.24)
Average Directional Movement /
Melrose: Average Directional Index (15.24)

MRO: Long term trend is still an Uptrend
Long Trend /
MRO: Long term trend is still an Uptrend

MRO: Long Term Trend Current Signal -> (1) 22 Jun: BULLISH (2) 21 Jun: BULLISH (3) 20 Jun: NEUTRAL

Demarks Pivot Points /
Melrose has moved below the S1 DeMark pivot point ($222.65) [Bearish]

Melrose current pivot point (DeMark) is: (R1) $223.4. The current pivot point (DeMark) is: (S1) $220.4.

On Balance Volume /
OBV: Distribution still active for Melrose

MRO: OBV Current Signal ->(1) 22 Jun: BEARISH (2) 21 Jun: BEARISH CROSSOVER (3) 20 Jun: BULLISH

Percentage Volume /
Melrose: Percentage Volume Oscillator @1.47 [Bullish Crossover]

[BULLISH CROSSOVER]: Melrose currently has positive PVO 1.47%. The recent volume is gaining momentum through a rise on the short term exponential moving average. Currently, the return on PVO is -0.5%.

Black Candle /
MRO Basic Candle: Black

MRO: Basic Candlestick Current Signal -> (1) 22 Jun: BEARISH (2) 21 Jun: BEARISH (3) 20 Jun: BEARISH

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High Price /
Weaker price performance from MRO has seen a lower high of -3.4 % [Downtrend]

MRO: HIGH Current Signal -> (1) 22 Jun: BEARISH (2) 21 Jun: BEARISH (3) 20 Jun: BULLISH

Sine Weighted Moving Average /
Melrose is in a short term downtrend with the resistance price @$228.761

[BEARISH]: Melrose currently has a confirmed downtrend. Recent trading has caused the SWMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SWMA5 is -0.5%.

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[Bearish]: Melrose has failed beat previous trading range
Price Range /
[Bearish]: Melrose has failed beat previous trading range

[BEARISH]: Melrose current downtrend in the first timeframe. Currently, the Range is $3.

Melrose: Sellers have taken control.
Open Tod Vs Close Tod /
Melrose: Sellers have taken control.

[BEARISH]: Melrose opened in the middle part of daily range at 46.7% & closed in the lower part of the trading range at 0%. This suggests the sellers have taken control. Over the last 12 months there has been 34 trading days with the opening price in the middle shadow & the closing the price in the lower shadow giving a confirmation ratio of 12.9%. Over the last month there has been 3 trading days with the opening price in the middle price range & the closing the price in the lower price range giving a confirmation ratio of 20%.

Ulcer Index /
Ulcer index has reduced in stress level & low drawdown is expected for Melrose

[BEARISH]: Melrose UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 3.948.

Ease of Movement /
Trading session closed lower on low volume for Melrose [Bearish]

MRO: EOM Current Signal -> (1) 22 Jun: BEARISH EASY (2) 21 Jun: BEARISH EASY (3) 20 Jun: BULLISH EASY

Closing Price /
[Bearish]: Melrose has failed to beat previous close by -0.5 %

[BEARISH]: Melrose current downtrend in the first timeframe. Currently, the Close is $221.9.

The SMA trend following signal is still current for Melrose [Bearish]
Simple Moving Average /
The SMA trend following signal is still current for Melrose [Bearish]

[BEARISH]: Melrose currently has a confirmed downtrend. Recent trading has caused the SMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SMA5 is -0.5%.

Exponential Moving Average(5) signal continues for Melrose indicating downward price movement is likely
Exponential Moving Average /
Exponential Moving Average(5) signal continues for Melrose indicating downward price movement is likely

[BEARISH]: Melrose currently has a confirmed downtrend. Recent trading has caused the EMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on EMA5 is -0.5%.

Close Tod Vs Close Yest /
Sellers continue to be keener than buyers for Melrose & are driving the price down.

MRO: Recent Performance ->(1) 22 Jun: -0.5% (2) 21 Jun: -3.8% (3) 20 Jun: 0.2%

Aroon Oscillator /
Melrose has signalled an Aroon trend present [Strong Downtrend]

[BEARISH]: Melrose has a current ARU(25) of 16 and a current ARD(25) of 100

MACD Volume /
Melrose: Volume MACD oscillator (485988)

[BULLISH]: Melrose currently has positive Volume MACD of 485988. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

Melrose currently has negative rate of change for -6.765
Rate of Change /
Melrose currently has negative rate of change for -6.765

[BEARISH]: Melrose currently has negative rate of change of -6.765%. This means the current price is less than the price 14 days ago and therefore losing momentum & is a leading indicator of price movement in the downward direction

CMF highlights continued negative divergence for Melrose
Chaikin Money Flow /
CMF highlights continued negative divergence for Melrose

[BEARISH]: Melrose current price has highlighted recent selling pressure and the continuation of a bearish trading conditions. Currently, the CMF is -0.43. MRO The bearish signal has been active for 4 days. During the quarter, the lowest CMF value was -0.43

Melrose: 1.618 Fibonacci Extension ($262.51)
Fibonacci Extensions /
Melrose: 1.618 Fibonacci Extension ($262.51)

Melrose: The current Fibonacci Extension levels are: (23.61%) $227.83: (38.2%) $231.49: (50%) $234.45: (61.8%) $237.41The current support levels are: (78.6%) $241.63: (100%) $247: (138.2%) $256.59: (161.8%) $262.51: (261.8%) $287.61: (423.61%) $328.23

Close Tod Vs Range Tod /
Trading for Melrose highlights the commitment of sellers to carry positions overnight.

MRO: Close versus price range Recent Trading ->(1) 22 Jun: 0.000000000000000% (2) 21 Jun: 1.000000000000000% (3) 20 Jun: 13.300000000000000%

Detrended Price Oscillator /
The simple moving average and past price for MRO has confirmed bearish trading conditions

[BEARISH]: Melrose currently has a confirmed downtrend. Price is currently below the displaced moving average for MRO. Currently, the return on DPO20 is -0.5%.

Elders Force Index /
Melrose: Direction, extent & volume have decreased in recent trading [Selling Pressure]

[BEARISH]: Melrose current price has highlighted recent selling pressure. Currently, the Elders Force Index is -6.39978e+007.

Commodity Channel Index /
The current price level for Melrose is maintained below the average

MRO: CCI Recent Trading -> (1) 22 Jun: -255 (2) 21 Jun: -253 (3) 20 Jun: -136

[Bullish]: Melrose current trading has maintained the Stochastic Oscillator to oversold status
Stochastic Oscillator /
[Bullish]: Melrose current trading has maintained the Stochastic Oscillator to oversold status

[BULLISH]: Melrose is currently Oversold highlighting the potential for a short term trend reversal in the upward direction.

Bear power has increased for Melrose signalling bearish conditions are likely
Elder Ray Index /
Bear power has increased for Melrose signalling bearish conditions are likely

[BEARISH]: Melrose Elder Ray Index is signalling a Bearish movementERI is -10.24 indicating bear power. Prices are being driven below the consensus of value for MRO during the last trading session [Selling Pressure]

Williams %R /
William %R oversold signal had been maintained for Melrose

[BEARISH]: Melrose is currently Overbought highlighting the potential for a short term trend reversal in the downward direction.

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