RAMACO RESOURCES INC-A (METC) Stock Technical Analysis
NASDAQ:METC - Nasdaq - US75134P3038 - Common Stock - Currency: USD
We assign a technical rating of 6 out of 10 to METC. METC has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
When comparing the yearly performance of all stocks, METC is a bad performer in the overall market: 76% of all stocks are doing better.
METC is one of the lesser performing stocks in the Metals & Mining industry. 71% of 155 stocks in the same industry do better.
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 8.51 - 10.29 range, which is quite wide. It is currently trading near the high of this range.
METC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so METC is lagging the market.
METC has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price.
More info and screens
8.74
10.48
We found 5 important support areas.
- Support @9.92 from a trend line in the weekly time frame.
- A support zone ranging from 9.36 to 9.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 9.15 to 9.18. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 8.98 to 8.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @8.83 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @10.00 from a horizontal line in the weekly time frame.
- Resistance @10.38 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 | 24.23 | NEGATIVE | METC has a low relative strength, it was outperformed by 75.77% 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) | DOWN | NEGATIVE | The current price of METC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.24 | NEUTRAL | The RSI value for METC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests METC has a positive trend. |
| Stochastics (14,3) | 79.37 | NEUTRAL | The Stochastics value for METC is a neutral value. |
| Average True Range in percent/ATR (20) | 5.75 | HIGH VOLATILITY | The high ATR as a percentage value for METC suggests high volalility. |
| Average Directional Index/ADX (14) | 18.6 | NEGATIVE | The low ADX value for METC suggests a weak or negative 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 |
|---|---|---|---|
| 10.01 | 9.91 | 0.10 (1.00%) | 25.00% |
| An entry @10.01. This is a Buy Stop order right above the resistance zone. | An exit @9.91. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.10 points, which is 1.00%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.25%. |
- The distance between exit and entry is rather small compared to the average daily movement of METC. Please evaluate whether better entry and exit points can be found.
- 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.
9.99
-0.06 (-0.6%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-0.6%
1 Week5.83%
2 Weeks6.28%
1 Month11%
3 Month4.5%
6 Month-16.89%
12 Month-18.32%
2 Year18.36%
3 Year-24.03%
5 Year366.82%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.53
ATR(20)%5.75%
ATR Inc4.09%
Range Today0.44
ADR(20)0.56
ADR(20)%5.65%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS24.23
Mansfield-1.14
10 Day High10.29
10 Day Low8.51
20 Day High10.29
20 Day Low8.51
52 Week High15.49
52 Week Low6.3
CS1 End9.92
CR1 Start10
Volume & EV
DER(3)-9.83%
DER(5)-8.3%
Volume395.40K
Volume Incr-7.77%
Vol(5)616.78K
Vol(50)772.45K