We assign a technical rating of 1 out of 10 to METC. METC has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The technical rating of METC is bad and it also does not present a quality setup 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
15.20
2 important support areas can be observed.
- Support @15.69 from a horizontal line in the weekly time frame.
- Support @15.35 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @18.20 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 | 49 | NEUTRAL | METC is not amongst the best or worst performers 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 | MIXED | The current price of METC is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 34.71 | NEUTRAL | The RSI value for METC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.61 | POSITIVE | The MACD value suggests METC has a positive trend. |
| Stochastics (14,3) | 33.39 | NEUTRAL | The Stochastics value for METC is a neutral value. |
| Average True Range in percent/ATR (20) | 9.32 | HIGH VOLATILITY | The high ATR as a percentage value for METC suggests high volalility. |
| Average Directional Index/ADX (14) | 34.54 | POSITIVE | The high ADX value value for METC suggests a strong trend. |
16.29
+0.2 (+1.24%)
RAMACO RESOURCES INC-A / METC FAQ
Can you provide the ChartMill technical rating for RAMACO RESOURCES INC-A?
ChartMill assigns a technical rating of 1 / 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 34.706. 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 0.612205, 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.