RAMACO RESOURCES INC-A (METC) Stock Technical Analysis
NASDAQ:METC • US75134P3038
Overall METC gets a technical rating of 3 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.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- METC is one of the lesser performing stocks in the Metals & Mining industry. 60% of 156 stocks in the same industry do better.
- 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.
- In the last month METC has a been trading in the 15.25 - 28.67 range, which is quite wide. It is currently trading near the lows of this range.
- METC has an average volume of 2986720 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 92% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- Considerably lower volume is observed in the last couple of days.
METC has a poor technical rating and the quality of the setup is also only medium 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
15.46
2 important support areas can be observed.
- A support zone ranging from 16.06 to 16.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @15.62 from a trend line in the daily time frame.
We can see 3 important resistance areas.
- Resistance @19.94 from a trend line in the daily time frame.
- Resistance @21.23 from a trend line in the weekly time frame.
- Resistance @28.18 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 | DOWN | NEGATIVE | The long term trend for METC is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for METC is down. |
| ChartMill Relative Strength | 92.16 | POSITIVE | METC has a high relative strength, it outperformed 92.16% 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) | UP | MIXED | The current price of METC is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of METC is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 44.76 | NEUTRAL | The RSI value for METC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.17 | NEGATIVE | The MACD value suggests METC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 23.53 | NEUTRAL | The Stochastics value for METC is a neutral value. |
| Average True Range in percent/ATR (20) | 11.67 | HIGH VOLATILITY | The high ATR as a percentage value for METC suggests high volalility. |
| Average Directional Index/ADX (14) | 20.26 | NEUTRAL | The ADX value for METC suggests a possible start of a new trend. |
17.2
+0.64 (+3.86%)
RAMACO RESOURCES INC-A / METC FAQ
Can you provide the ChartMill technical rating for RAMACO RESOURCES INC-A?
ChartMill assigns a technical rating of 3 / 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 44.7579. 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 -0.173366, indicating a bearish trend.
Can you provide the buy/sell signal for RAMACO RESOURCES INC-A?
The buy/sell signal for RAMACO RESOURCES INC-A (METC) is sell as both the short term and long term trends are negative.