METALORE RESOURCES LTD (MET.CA) Stock Technical Analysis
TSX-V:MET - TSX Venture Exchange - CA5913071034 - Common Stock - Currency: CAD
We assign a technical rating of 1 out of 10 to MET. MET's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, MET is a bad performer in the overall market: 85% of all stocks are doing better.
MET is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 70% of 207 stocks in the same industry do better.
MET is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month MET has a been trading in the 2.25 - 2.95 range, which is quite wide. It is currently trading near the lows of this range.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
Warning: MET has an average volume of 1463 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
MET has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
2.17
3.54
When analyzing the support we notice one important area.
- A support zone ranging from 2.19 to 2.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
5 important resistance areas can be observed.
- A resistance zone ranging from 2.60 to 2.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.76 from a trend line in the daily time frame.
- Resistance @3.17 from a trend line in the weekly time frame.
- Resistance @3.30 from a trend line in the weekly time frame.
- Resistance @3.50 from a horizontal line in the weekly time frame.
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 MET.CA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MET.CA is down. |
| ChartMill Relative Strength | 15.76 | NEGATIVE | MET.CA has a low relative strength, it was outperformed by 84.24% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of MET.CA is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MET.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MET.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 47.3 | NEUTRAL | The RSI value for MET.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests MET.CA has a positive trend. |
| Stochastics (14,3) | 6.94 | OVERSOLD | The low Stochastics value suggests MET.CA may be oversold. |
| Average True Range in percent/ATR (20) | 6.36 | HIGH VOLATILITY | The high ATR as a percentage value for MET.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 10.02 | NEGATIVE | The low ADX value for MET.CA suggests a weak or negative 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:MET (7/7/2025, 7:00:00 PM)
2.35
+0.1 (+4.44%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg4.44%
1 Week-7.84%
2 Weeks-9.27%
1 Month3.98%
3 Month-20.34%
6 Month-27.69%
12 Month2.17%
2 Year-17.83%
3 Year4.44%
5 Year-6%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.11
ATR(20)%6.36%
ATR Inc-54.84%
Range Today0
ADR(20)0.03
ADR(20)%1.23%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.76
Mansfield-3.22
10 Day High2.73
10 Day Low2.25
20 Day High2.95
20 Day Low2.25
52 Week High3.44
52 Week Low2.2
CS1 End2.29
CR1 Start2.6
Volume & EV
DER(3)0%
DER(5)0%
Volume700
Volume Incr27.57%
Vol(5)2.18K
Vol(50)1.46K