MC MINING LTD (MCM.L) Stock Technical Analysis
LON:MCM - London Exchange - AU000000MCM9 - Common Stock - Currency: GBX
Taking everything into account, MCM scores 0 out of 10 in our technical rating. MCM scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, MCM does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 29.70. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 28.00, a Stop Loss order could be placed below this zone.
More info and screens
27.72
We found 1 important support area.
- A support zone ranging from 28.00 to 28.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 29.70 to 30.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for MCM.L is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MCM.L is down. |
| ChartMill Relative Strength | 4.75 | NEGATIVE | MCM.L has a low relative strength, it was outperformed by 95.25% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MCM.L is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MCM.L is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MCM.L is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 11.35 | OVERSOLD | The low RSI value suggests MCM.L may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests MCM.L has a negative trend. |
| Stochastics (14,3) | 37.95 | NEUTRAL | The Stochastics value for MCM.L is a neutral value. |
| Average True Range in percent/ATR (20) | 6.16 | HIGH VOLATILITY | The high ATR as a percentage value for MCM.L suggests high volalility. |
LON:MCM (12/27/2019, 7:00:00 PM)
28.5
0 (0%)