Mercator - MFI bullish divergence
Let's move on to analyzing what is happening in our Krakow company.
In the beginning, technical analysis - treat with distance :) You don't have to believe in TA, but you have to bear in mind that others do.
The price stopped at 0.786 fib. There is nothing under this support for a long, long time. So a fall in price below this level will most likely round the trend - bearish.
The RSI shows the oversold level - a buy signal.
Additionally, VWMACD is clearly approaching positive values, which indicates a change in the trend.
The Money Flow Index shows a bullish divergence, a strong signal of opening a long position.
Fundamental analysis directs us to quarterly reports.
Revenues from Q4 / 2021 and Q1 / 2021 decreased from 652 218 to 551 644 thousand PLN. Rather logically, the September-December 2020 period was more profitable than the December-March period due to the COVID situation in Poland. The result was fear. Still, stopping at values close to Q3 / 2020 is a good sign.
Net profits pulled us back from Q4 / 2020 to Q1 / Q2 / 2020, which rather discourages people from investing in MRC.
The next MRC report will decide the value of the stock.
In the beginning, technical analysis - treat with distance :) You don't have to believe in TA, but you have to bear in mind that others do.
The price stopped at 0.786 fib. There is nothing under this support for a long, long time. So a fall in price below this level will most likely round the trend - bearish.
The RSI shows the oversold level - a buy signal.
Additionally, VWMACD is clearly approaching positive values, which indicates a change in the trend.
The Money Flow Index shows a bullish divergence, a strong signal of opening a long position.
Fundamental analysis directs us to quarterly reports.
Revenues from Q4 / 2021 and Q1 / 2021 decreased from 652 218 to 551 644 thousand PLN. Rather logically, the September-December 2020 period was more profitable than the December-March period due to the COVID situation in Poland. The result was fear. Still, stopping at values close to Q3 / 2020 is a good sign.
Net profits pulled us back from Q4 / 2020 to Q1 / Q2 / 2020, which rather discourages people from investing in MRC.
The next MRC report will decide the value of the stock.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.