Stronger Sell Today MRW.L ranks #5149 as SELL CANDIDATE. Weaker Sell
Today MRW.L ranks #5149 as SELL CANDIDATE.

MRW.L stock Morrison (Wm.) Supermarkets plc

MRW.L stock
Morrison (Wm.) Supermarkets plc

April 25, 2019
Change -1.91%
Chart period: 2019-01-28 - 2019-04-25
VOLUME
Buy
TREND
Sell

MV LONG
Sell

MV SHORT
Sell

PIVOT
Sell

MACD
Sell

Will MRW.L stock price go up or down on Fri, 26 Apr 2019?

Morrison (Wm.) Supermarkets plc Forecast and Stock Analysis

Technical MRW.L stock analysis for April 25, 2019.

Sell candidate since 2019-04-24 Loss -1.91%

Morrison (Wm.) Supermarkets plc fell by -1.91% in the last day from £219.90 to £215.70 and has now fallen 3 days in a row. The price has fallen in 6 of the last 10 days and is down by -3.19% for this period. Volume has increased in the last day by 0.86 million shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 9.00 million shares bought and sold for approximately £1 942.17 million.

Close price at the end of the last trading day (Thursday, 25th Apr 2019) of the MRW.L stock was £215.70. This is 1.91% less than the trading day before Wednesday, 24th Apr 2019.

During day the stock fluctuated 2.51% from a day low at £215.30 to a day high of £220.70.

30 day high of the MRW.L stock price was £230.90 and low was £215.30.
90 day high was £246.45 and low was £215.30.
52 week high for the Morrison (Wm.) Supermarkets plc - £270.50 and low - £209.20.

Trend

Morrison (Wm.) Supermarkets plc lies in the lower of a falling trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at £212.68 will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -7.72% during the next 3 months and, with 90% probability hold a price between £196.26 and £211.14 at the end of this period.

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Signals

There are few to none technical positive signals at the moment. Morrison (Wm.) Supermarkets plc holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at £221.47 and £224.81. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Wednesday April 03, 2019, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

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Relative Strength Index (RSI)

The stock currently holds a RSI14 at 21 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.

Access full RSI 14 and RSI 21 lists

Support & Resistance

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

Price: £215.70 Resistance: £225.00

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved £5.40 (2.51%) between high and low. For the last week, the stock has had a daily average volatility of 1.74%.

Morrison (Wm.) Supermarkets plc is oversold on RSI14 (21). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.

Overall risk:

Very Low Low Medium High Very High

Stronger Sell Today MRW.L ranks #5149 as SELL CANDIDATE. Weaker Sell
Today MRW.L ranks #5149 as SELL CANDIDATE.