MIDWEST ENERGY EMISSIONS COR (MEEC.CA) Stock Technical Analysis
TSX-V:MEEC - TSX Venture Exchange - US59833H1014 - Common Stock - Currency: CAD
Taking everything into account, MEEC scores 0 out of 10 in our technical rating. 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 part of the Commercial Services & Supplies industry. There are 24 other stocks in this industry, of which 78% are performing better than MEEC.
MEEC is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
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
1.14
When analyzing the support we notice one important 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.
When analyzing the resistance we notice 3 important areas.
- 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. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
TSX-V:MEEC (11/22/2024, 7:00:00 PM)
0.9
-0.05 (-5.26%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryCommercial Services & Supplies
Performance
% Chg-5.26%
1 Week-7.22%
2 Weeks-8.16%
1 Month-21.74%
3 Month-14.29%
6 Month-18.18%
12 Month-33.33%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.03
ATR(20)%4.06%
ATR Inc-20.45%
Range Today0.03
ADR(20)0.02
ADR(20)%2.28%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS16.27
Mansfield-2.99
10 Day High1
10 Day Low0.88
20 Day High1.1
20 Day Low0.88
52 Week High1.94
52 Week Low0.85
CS1 End0.87
CR1 Start1.01
Volume & EV
DER(3)-152.33%
DER(5)-128.67%
Volume37.00K
Volume Incr26.38%
Vol(5)9.64K
Vol(50)6.49K