RAMACO RESOURCES INC-B (METCB) Stock Technical Analysis
USA - NASDAQ:METCB - US75134P5017 - Common Stock
17.47 USD
+0.5 (+2.95%)
17.9871 USD
+0.52 (+2.96%)
Taking everything into account, METCB scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, METCB is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
METCB is part of the Metals & Mining industry. There are 156 other stocks in this industry. METCB outperforms 76% of them.
METCB is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so METCB is lagging the market slightly.
In the last month METCB has a been trading in the 15.14 - 18.02 range, which is quite wide. It is currently trading near the high of this range.
Looking at the yearly performance, METCB did better than 95% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
Considerably lower volume is observed in the last couple of days.
METCB has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 17.57. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for METCB in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
14.75
17.76
When analyzing the support we can see 3 important areas.
- A support zone ranging from 16.83 to 16.95. 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 15.59 to 15.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 14.90 to 15.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 17.57 to 17.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for METCB is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for METCB is up. |
| ChartMill Relative Strength | 95.65 | POSITIVE | METCB has a high relative strength, it outperformed 95.65% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of METCB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of METCB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of METCB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.03 | NEUTRAL | The RSI value for METCB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests METCB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 71.73 | NEUTRAL | The Stochastics value for METCB is a neutral value. |
| Average True Range in percent/ATR (20) | 5.08 | HIGH VOLATILITY | The high ATR as a percentage value for METCB suggests high volalility. |
| Average Directional Index/ADX (14) | 27.94 | POSITIVE | The high ADX value value for METCB 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 |
|---|---|---|---|
| 17.59 | 16.82 | 0.77 (4.38%) | 22.84% |
| An entry @17.59. This is a Buy Stop order right above the resistance zone. | An exit @16.82. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.77 points, which is 4.38%. | When investing 22.84% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of METCB. 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.
17.47
+0.5 (+2.95%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg2.95%
1 Week8.37%
2 Weeks-0.57%
1 Month9.19%
3 Month113.39%
6 Month170.33%
12 Month72.58%
2 Year44.72%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.98
ATR(20)%5.08%
ATR Inc-18.01%
Range Today0.66
ADR(20)0.88
ADR(20)%5.04%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.65
Mansfield5.2
10 Day High17.9
10 Day Low16.02
20 Day High18.02
20 Day Low15.14
52 Week High20.56
52 Week Low5.94
CS1 End16.95
CR1 Start17.57
Volume & EV
DER(3)13.11%
DER(5)10.57%
Volume91.10K
Volume Incr-24.05%
Vol(5)62.76K
Vol(50)127.24K