NYSEARCA:COAL - NYSE Arca - US3015054675 - ETF - Currency: USD
We assign a technical rating of 1 out of 10 to COAL. COAL scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
COAL has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 17.40. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 17.27, a Stop Loss order could be placed below this zone.
16.75
When analyzing the support we notice one important area.
We can see 2 important resistance areas.
17.39
+0.46 (+2.72%)