METALICO INC (MEA) Technical Analysis
NYSEARCA:MEA • US5911761022
Current stock price
MEA Technical Rating and Analysis
Taking everything into account, MEA scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, MEA is only an average performer.
- The long and short term trends are both positive. This is looking good!
- In the last month MEA has a been trading in the 0.47 - 0.60 range, which is quite wide. It is currently trading near the high of this range.
- When comparing the performance of all stocks over the past year, MEA turns out to be only a medium performer in the overall market: it outperformed 54% of all stocks.
- MEA is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MEA is lagging the market slightly.
- Volume is considerably higher in the last couple of days.
MEA Weekly and Daily overview Charts
MEA Setup Rating and Analysis
Besides having an excellent technical rating, MEA also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. We notice that large players showed an interest for MEA in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
MEA Support and Resistance Analysis
0.34
We found 4 important support areas.
- A support zone ranging from 0.57 to 0.57. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @0.55 from a horizontal line in the daily time frame.
- Support @0.52 from a trend line in the daily time frame.
- Support @0.34 from a trend line in the weekly time frame.
MEA Technical Indicator Signal Analysis
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 | UP | POSITIVE | The long term trend for MEA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MEA is up. |
| ChartMill Relative Strength | 54.74 | NEUTRAL | MEA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MEA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MEA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MEA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 68.09 | NEUTRAL | The RSI value for MEA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests MEA has a positive trend. |
| Stochastics (14,3) | 91.38 | OVERBOUGHT | The high Stochastics value suggests MEA may be overbought. |
| Average True Range in percent/ATR (20) | 3.64 | MEDIUM VOLATILITY | The ATR as a percentage value for MEA suggests some volalility. |
MEA Chart- and CandleStick Pattern Analysis
MEA Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 0.61 | 0.56 | 0.05 (8.20%) | 12.20% |
| An entry @0.61. This is a Buy Stop order right above the 10 day high. | An exit @0.56. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.05 points, which is 8.20%. | When investing 12.20% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
MEA Technicals: Chart, Performance Metrics, Trend & Indicators
NYSEARCA:MEA (9/11/2015, 8:14:52 PM)
0.59
+0.01 (+1.72%)
METALICO INC / MEA TA FAQ
Can you provide the ChartMill technical rating for METALICO INC?
ChartMill assigns a technical rating of 8 / 10 to MEA.
What is the current trend direction of METALICO INC (MEA) stock?
The current trend direction for METALICO INC (MEA) is Bullish.
Can you provide the RSI signal for METALICO INC?
METALICO INC (MEA) has an RSI value of 68.0865. This indicates that the stock is currently neutral.
What is the short term momentum for MEA stock?
The short term momentum for METALICO INC (MEA) is positive.
What is the buy/sell signal for METALICO INC (MEA) stock?
The buy/sell signal for METALICO INC (MEA) is buy as both the short term and long term trends are positive.