MIDWEST ENERGY EMISSIONS COR (MEEC.CA) Stock Technical Analysis
Canada • TSX Venture Exchange • TSX-V:MEEC • US59833H1014
Overall MEEC gets a technical rating of 0 out of 10. MEEC scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 84% of all other stocks performed better in the past year than MEEC.
- MEEC is one of the lesser performing stocks in the Commercial Services & Supplies industry. 60% of 24 stocks in the same industry do better.
- MEEC is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index however is also trading in the lower part of its yearly range, so it may just be a bad time for stocks in general.
- In the last month MEEC has a been trading in the 0.88 - 1.10 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- Warning: MEEC has an average volume of 6491 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The technical rating of MEEC is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
0.85
We found 1 important support area.
- A support zone ranging from 0.86 to 0.87. This zone is formed by a combination of multiple trend lines in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 1.01 to 1.01. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @1.08 from a trend line in the daily time frame.
- A resistance zone ranging from 1.12 to 1.13. This zone is formed by a combination of multiple trend lines 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 MEEC.CA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MEEC.CA is down. |
| ChartMill Relative Strength | 16.27 | NEGATIVE | MEEC.CA has a low relative strength, it was outperformed by 83.73% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MEEC.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MEEC.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MEEC.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 39.78 | NEUTRAL | The RSI value for MEEC.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests MEEC.CA has a negative trend. |
| Stochastics (14,3) | 41.45 | NEUTRAL | The Stochastics value for MEEC.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 4.06 | MEDIUM VOLATILITY | The ATR as a percentage value for MEEC.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 36.95 | POSITIVE | The high ADX value value for MEEC.CA suggests a strong trend. |
TSX-V:MEEC (11/22/2024, 7:00:00 PM)
0.9
-0.05 (-5.26%)
MIDWEST ENERGY EMISSIONS COR / MEEC.CA FAQ
What is the technical rating for MEEC stock?
ChartMill assigns a technical rating of 0 / 10 to MEEC.CA.
What is the current trend direction of MIDWEST ENERGY EMISSIONS COR (MEEC.CA) stock?
The current trend direction for MIDWEST ENERGY EMISSIONS COR (MEEC.CA) is Bearish.
What is the RSI signal for MEEC stock?
MIDWEST ENERGY EMISSIONS COR (MEEC.CA) has an RSI value of 39.7847. This indicates that the stock is currently neutral.
Can you provide the MACD signal for MIDWEST ENERGY EMISSIONS COR?
The MACD indicator for MIDWEST ENERGY EMISSIONS COR (MEEC.CA) has a value of -0.00462133, indicating a bearish trend.
What are the support and resistance levels for MIDWEST ENERGY EMISSIONS COR (MEEC.CA) stock?
MIDWEST ENERGY EMISSIONS COR (MEEC.CA) has a support level at 0.87 and a resistance level at 1.01. Check the full technical report for our detailed analysis of MEEC.CA support and resistance levels.