RAMACO RESOURCES INC-A (METC) Stock Technical Analysis
USA - NASDAQ:METC - US75134P3038 - Common Stock
Overall METC gets a technical rating of 2 out of 10. Although METC is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
METC 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.
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15.00
When analyzing the support we can see 2 important areas.
- Support @23.79 from a horizontal line in the daily time frame.
- Support @15.15 from a trend 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 | DOWN | NEGATIVE | The short term trend for METC is down. |
| ChartMill Relative Strength | 94.13 | POSITIVE | METC has a high relative strength, it outperformed 94.13% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of METC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of METC is below 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) | 33.86 | NEUTRAL | The RSI value for METC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.82 | NEGATIVE | The MACD value suggests METC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 7.75 | OVERSOLD | The low Stochastics value suggests METC may be oversold. |
| Average True Range in percent/ATR (20) | 19.15 | HIGH VOLATILITY | The high ATR as a percentage value for METC suggests high volalility. |
| Average Directional Index/ADX (14) | 30.17 | POSITIVE | The high ADX value value for METC suggests a strong trend. |
24.71
+0.92 (+3.87%)
RAMACO RESOURCES INC-A / METC FAQ
Can you provide the ChartMill technical rating for RAMACO RESOURCES INC-A?
ChartMill assigns a technical rating of 2 / 10 to METC.
Can you provide the trend direction for RAMACO RESOURCES INC-A?
The current trend direction for RAMACO RESOURCES INC-A (METC) is Bearish.
What is the RSI signal for METC stock?
RAMACO RESOURCES INC-A (METC) has an RSI value of 33.8572. This indicates that the stock is currently neutral.
What is the MACD signal for METC stock?
The MACD indicator for RAMACO RESOURCES INC-A (METC) has a value of -1.81894, indicating a bearish trend.
What is the short term momentum for RAMACO RESOURCES INC-A (METC) stock?
The short term momentum for RAMACO RESOURCES INC-A (METC) is negative.