Metro Inc. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Metro Inc. stock price up 4.64% on Friday
(Updated on Jun 28, 2024)
The Metro Inc. stock price gained 4.64% on the last trading day (Friday, 28th Jun 2024), rising from $53.42 to $55.90. During the last trading day the stock fluctuated 0.576% from a day low at $55.58 to a day high of $55.90. The price has been going up and down for this period, and there has been a 3.1% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 226 more shares were traded than the day before. In total, 226 shares were bought and sold for approximately $12.63 thousand.
The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 5.73% during the next 3 months and, with a 90% probability hold a price between $56.12 and $59.92 at the end of this 3-month period.
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MTRAF Signals & Forecast
The Metro Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $53.77 and $54.05. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 10.15%. Further rise is indicated until a new top pivot has been found. Metro Inc. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Metro Inc. stock
Metro Inc. finds support from accumulated volume at $54.37 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.320 between high and low, or 0.576%. For the last week the stock has had daily average volatility of 0.115%.
Our recommended stop-loss: $53.75 (-3.84%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 77 days ago.)
Trading Expectations (MTRAF) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Metro Inc. to open at $55.79, and during the day (based on 14 day Average True Range), to move between $55.54 and $56.26, which gives a possible trading interval of +/-$0.361 (+/-0.65%) up or down from last closing price. If Metro Inc. takes out the full calculated possible swing range there will be an estimated 1.29% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $54.37, some $1.53 (2.74%) from the current price of $55.90, our system finds the risk reward attractive.
Is Metro Inc. stock A Buy?
Metro Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Metro Inc. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $55.79 ( 0.191%) | $55.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MTRAF
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 56.11 | 0.382% |
| R2 | 55.99 | 0.163% |
| R1 | 55.92 | 0.0279% |
| Price | 55.90 | |
| S1 | 55.67 | -0.409% |
| S2 | 55.60 | -0.545% |
| S3 | 55.47 | -0.763% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 55.90 | |
| S1 | 54.37 | -2.74% |
| S2 | 54.18 | -3.08% |
| S3 | 54.13 | -3.17% |
MTRAF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 14, 2024 | May 14, 2024 | Jun 04, 2024 | $0.245 | 0.448% |
| 2 | Feb 14, 2024 | Feb 14, 2024 | Mar 12, 2024 | $0.250 | 0.457% |
| 3 | Oct 26, 2023 | Oct 26, 2023 | Nov 14, 2023 | $0.219 | 0.405% |
| 4 | Aug 29, 2023 | Aug 29, 2023 | Sep 20, 2023 | $0.223 | 0.414% |
| 5 | May 09, 2023 | May 09, 2023 | May 09, 2023 | $0.226 | 0.392% |
FAQ
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