RAMACO RESOURCES INC-A (METC) Stock Technical Analysis
NASDAQ:METC - Nasdaq - US75134P3038 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to METC. METC has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
METC has an average volume of 1036450 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
Looking at the yearly performance, METC did better than 81% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
METC is an average performer in the Metals & Mining industry, it outperforms 53% of 154 stocks in the same industry.
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.
In the last month METC has a been trading in the 9.60 - 14.29 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
METC has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
8.90
13.28
When analyzing the support we can see 2 important areas.
- A support zone ranging from 10.09 to 10.09. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @8.99 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @12.21 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 13.12 to 13.15. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The short term trend for METC is neutral. |
| ChartMill Relative Strength | 81.92 | POSITIVE | METC has a high relative strength, it outperformed 81.92% 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) | 56.52 | NEUTRAL | The RSI value for METC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests METC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 34.68 | NEUTRAL | The Stochastics value for METC is a neutral value. |
| Average True Range in percent/ATR (20) | 8.73 | HIGH VOLATILITY | The high ATR as a percentage value for METC suggests high volalility. |
| Average Directional Index/ADX (14) | 35.94 | 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 |
|---|---|---|---|
| 12.22 | 10.08 | 2.14 (17.51%) | 5.71% |
| An entry @12.22. This is a Buy Stop order right above the resistance zone. | An exit @10.08. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.14 points, which is 17.51%. | For a 1.00% total portfolio risk, you can invest 5.71% of your capital in this trade. |
- 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.
11.94
-0.07 (-0.58%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-0.58%
1 Week3.83%
2 Weeks4.83%
1 Month20.24%
3 Month74.56%
6 Month15.25%
12 Month-15.56%
2 Year29.78%
3 Year1.7%
5 Year437.84%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.28
ATR(20)%8.73%
ATR Inc34.1%
Range Today0.54
ADR(20)1.04
ADR(20)%8.69%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS81.92
Mansfield0.34
10 Day High14.29
10 Day Low9.75
20 Day High14.29
20 Day Low9.6
52 Week High15.49
52 Week Low6.3
CS1 End10.09
CR1 Start12.21
Volume & EV
DER(3)-0.57%
DER(5)-0.09%
Volume870.00K
Volume Incr272.29%
Vol(5)3.34M
Vol(50)1.04M