Taking everything into account, METC scores 6 out of 10 in our technical rating. Although METC has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.
- METC is part of the Metals & Mining industry. There are 157 other stocks in this industry, of which 65% are performing better than METC.
- METC 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.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- In the last month METC has a been trading in the 13.87 - 22.69 range, which is quite wide. It is currently trading near the high of this range.
- METC has an average volume of 3068940 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the yearly performance of all stocks, we notice that METC is one of the better performing stocks in the market, outperforming 87% of all stocks. However, we also see that METC couldn't keep up this performance in the last couple of months.
METC has an average technical rating and it also does not offer a high quality setup 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
14.54
2 important support areas can be observed.
- Support @15.41 from a trend line in the weekly time frame.
- Support @14.69 from a trend line in the daily time frame.
We can see 2 important resistance areas.
- Resistance @20.38 from a horizontal line in the weekly time frame.
- Resistance @22.05 from a horizontal line in the daily 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 | NEUTRAL | NEUTRAL | The long term trend for METC is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for METC is up. |
| ChartMill Relative Strength | 87.06 | POSITIVE | METC has a high relative strength, it outperformed 87.06% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of METC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of METC is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of METC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.65 | NEUTRAL | The RSI value for METC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.64 | POSITIVE | The MACD value suggests METC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 79.79 | NEUTRAL | The Stochastics value for METC is a neutral value. |
| Average True Range in percent/ATR (20) | 6.98 | HIGH VOLATILITY | The high ATR as a percentage value for METC suggests high volalility. |
| Average Directional Index/ADX (14) | 28.75 | POSITIVE | The high ADX value value for METC suggests a strong trend. |
20.34
-1.71 (-7.76%)
RAMACO RESOURCES INC-A / METC FAQ
Can you provide the ChartMill technical rating for RAMACO RESOURCES INC-A?
ChartMill assigns a technical rating of 6 / 10 to METC.
What is the current trend direction of RAMACO RESOURCES INC-A (METC) stock?
The current trend direction for RAMACO RESOURCES INC-A (METC) is Bearish.
Can you provide the RSI signal for RAMACO RESOURCES INC-A?
RAMACO RESOURCES INC-A (METC) has an RSI value of 56.6487. This indicates that the stock is currently neutral.
Can you provide the MACD signal for RAMACO RESOURCES INC-A?
The MACD indicator for RAMACO RESOURCES INC-A (METC) has a value of 0.640526, indicating a bearish trend.