RAMACO RESOURCES INC-A (METC) Stock Technical Analysis
NASDAQ:METC - US75134P3038 - Common Stock
24.5 USD
+0.97 (+4.12%)
24.6 USD
+0.1 (+0.41%)
Taking everything into account, METC scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, METC has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
METC is part of the Metals & Mining industry. There are 155 other stocks in this industry. METC outperforms 94% of them.
METC is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so METC is lagging the market slightly.
In the last month METC has a been trading in the 16.53 - 27.31 range, which is quite wide. It is currently trading near the high of this range.
METC has an average volume of 3404980 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 97% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Besides having an excellent technical rating, METC also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. We notice that large players showed an interest for METC in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
8.90
24.75
We found 2 important support areas.
- Support @21.74 from a trend line in the daily time frame.
- Support @8.99 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 | UP | POSITIVE | The long term trend for METC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for METC is up. |
| ChartMill Relative Strength | 97.92 | POSITIVE | METC has a high relative strength, it outperformed 97.92% 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) | UP | POSITIVE | The current price of METC is above the rising 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) | 59.26 | NEUTRAL | The RSI value for METC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.29 | NEGATIVE | The MACD value suggests METC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 52.19 | NEUTRAL | The Stochastics value for METC is a neutral value. |
| Average True Range in percent/ATR (20) | 9.67 | HIGH VOLATILITY | The high ATR as a percentage value for METC suggests high volalility. |
| Average Directional Index/ADX (14) | 25.94 | POSITIVE | The high ADX value value for METC 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)
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 |
|---|---|---|---|
| 27.32 | 21.73 | 5.59 (20.46%) | 4.89% |
| An entry @27.32. This is a Buy Stop order right above the 10 day high. | An exit @21.73. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 5.59 points, which is 20.46%. | When investing 4.89% 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.
24.5
+0.97 (+4.12%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg4.12%
1 Week8.22%
2 Weeks4.3%
1 Month13.74%
3 Month171.02%
6 Month174.05%
12 Month100.98%
2 Year212.5%
3 Year132.45%
5 Year711.26%
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.31
ATR(20)%9.67%
ATR Inc-11.24%
Range Today2.14
ADR(20)2.19
ADR(20)%8.92%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.92
Mansfield8.98
10 Day High27.31
10 Day Low19.94
20 Day High27.31
20 Day Low16.53
52 Week High27.31
52 Week Low6.3
CS1 End21.74
CR1 StartN/A
Volume & EV
DER(3)3.28%
DER(5)2.47%
Volume2.96M
Volume Incr-22.64%
Vol(5)2.85M
Vol(50)3.40M