Overall METC gets a technical rating of 7 out of 10. 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.
Although METC has an excellent technical rating, it does not present a decent entry opportunity 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
14.49
When analyzing the support we can see 2 important areas.
- Support @15.41 from a trend line in the weekly time frame.
- Support @14.64 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 | UP | POSITIVE | The short term trend for METC is up. |
| ChartMill Relative Strength | 90.52 | POSITIVE | METC has a high relative strength, it outperformed 90.52% 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) | 67.16 | NEUTRAL | The RSI value for METC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.76 | POSITIVE | The MACD value suggests METC has a positive trend. |
| Stochastics (14,3) | 86.53 | OVERBOUGHT | The high Stochastics value suggests METC may be overbought. |
| Average True Range in percent/ATR (20) | 6.33 | HIGH VOLATILITY | The high ATR as a percentage value for METC suggests high volalility. |
| Average Directional Index/ADX (14) | 27.8 | POSITIVE | The high ADX value value for METC suggests a strong trend. |
22.05
+1.67 (+8.19%)
RAMACO RESOURCES INC-A / METC FAQ
Can you provide the ChartMill technical rating for RAMACO RESOURCES INC-A?
ChartMill assigns a technical rating of 7 / 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 67.159. 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 0.762289, indicating a bearish trend.