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Analysis of the Metro St share: downward trend in all time horizons and potential price target of 5.82 euros
According to a report from www.boerse.de, Metro shares are currently in medium and long-term downtrends, but are showing short-term uptrends as the price recently crossed the 20-day line. Nevertheless, current trends suggest further bearishness as the price would only need to fall by 0.27 percent to break the 20-day GD to the downside. The high and low points of Metro stock show a clear downward movement over different time periods. Current trends indicate a potential downside of 4.59 percent, with a 5-year low price target of 5.82. In comparison with other companies in the peer group, Marks Spencer...
Analysis of the Metro St share: downward trend in all time horizons and potential price target of 5.82 euros
According to a report by www.boerse.de, Metro stock is currently in medium and long-term downtrends, but is showing short-term uptrends as the price recently crossed the 20-day line. Nevertheless, current trends suggest further bearishness as the price would only need to fall by 0.27 percent to break the 20-day GD to the downside.
The high and low points of Metro stock show a clear downward movement over different time periods. Current trends indicate a potential downside of 4.59 percent, with a 5-year low price target of 5.82.
Compared to other companies in the peer group, the Marks Spencer Group share is the strongest stock with a GD-200 gap of 35.51%.
Based on this data, Metro stock is expected to continue trending downwards in the near term. This could have an impact on the market and industry as investors may become more cautious and reconsider investing in similar companies. The consumer could also experience price fluctuations and changes in supply depending on how the stock affects the company.
Read the source article at www.boerse.de