REPORTING FOR 2019-12-04 | MARKETREFLEX.COM: With the assistance of the Beat The Market Analyzer software and our own in-house methods, we have conducted a deep analysis of how MRO has been trading over the last 2 weeks and the past day especially. On its latest session, Melrose Plc (LON:MRO) opened at 230.7, reaching a high of 232.6 and a low of 223.8 before closing at a price of 224.0. There was a total volume of 10262532.
VOLUME INDICATORS: We saw an accumulation-distribution index of 2082.04737, an on-balance volume of 231.1, chaikin money flow of 8.26316 and a force index of 30.8. There was an ease of movement rating of 0.00134, a volume-price trend of 31.08853 and a negative volume index of 1000.0. What do these volume indicators mean for MRO? Click here for an explanation.
VOLATILITY: We noted an average true range of 3.18126, bolinger bands of 232.7968, an upper bollinger band of 219.5032, lower bollinger band of 223.8, a bollinger high band indicator of 1.0, bollinger low band indicator of 1.0, a central keltner channel of 229.03333, high band keltner channel of 227.13333, low band keltner channel of 230.93333, a high band keltner channel indicator of 1.0 and a low band keltner channel indicator of 1.0. There was a donchian channel high band of 223.8, a donchian channel low band of 223.8, a donchian channel high band indicator of 1.0, and a donchian channel low band indicator of 1.0. What do these volatility indicators mean for MRO? Click here for an explanation.
TREND: We calculated a Moving Average Convergence Divergence (MACD) of 0.10545, a MACD signal of 0.05858, a MACD difference of 0.04687, a fast Exponential Moving Average (EMA) indicator of 223.8, a slow Exponential Moving Average (EMA) indicator of 223.8, an Average Directional Movement Index (ADX) of unknown, an ADX positive of 20.0, an ADX negative of 20.0, a positive Vortex Indicator (VI) of 1.0, a negative VI of 1.0, a trend vortex difference of 0.40816, a trix of 8.69729, a Mass Index (MI) of 1.0, a Commodity Channel Index (CCI) of 66.66667, a Detrended Price Oscillator (DPO) of -27.31817, a KST Oscillator (KST) of 139.03662 and a KST Oscillator (KST Signal) of 139.03662 (leaving a KST difference of 5.9802). We also found an Ichimoku rating of 231.65, an Ichimoku B rating of 231.65, a Ichimoku visual trend A of 204.42225, an Ichimoku visual trend B of 211.07575, an Aroon Indicator (AI) up of 4.0 and an AI indicator down of 4.0. That left a difference of 4.0. What do these trend indicators mean for MRO? Click here for an explanation.
MOMENTUM: We found a Relative Strength Index (RSI) of 50.0, a Money Flow Index (MFI) of 100.0, a True Strength Index (TSI) of 100.0, an ultimate oscillator of 79.83527, a stochastic oscillator of 463.15789, a stochastic oscillator signal of 463.15789, a Williams %R rating of 363.15789 and an awesome oscillator of 0.36833. What do these momentum indicators mean for MRO? Click here for an explanation.
RETURNS: There was a daily return of 13.90366, a daily log return of 2.07834 and a cumulative return of 2.10009.
What the heck does all of this mean? If you are new to technical analysis, the above may be gibberish to you, and that’s OK (though we do advise learning these things). The bottom line is that AS OF 2019-12-04 (if you are reading this later, the analysis will be out of date), here is what our deep analysis of technical indicators are telling us for Melrose Plc (LON:MRO)…
DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling Melrose Plc (LON:MRO) based solely on our analysis above, and are not responsible for any losses that you may incur if you choose make any investment decisions based on the above.
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