RAMACO RESOURCES INC-B (METCB) Stock Technical Analysis
NASDAQ:METCB - Nasdaq - US75134P5017 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to METCB. Both in the recent history as in the last year, METCB has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that METCB is one of the better performing stocks in the market, outperforming 88% of all stocks. However, this relatively good performance is mostly due to a recent big move.
METCB is an average performer in the Metals & Mining industry, it outperforms 65% of 157 stocks in the same industry.
METCB is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so METCB is lagging the market slightly.
In the last month METCB has a been trading in the 8.23 - 16.40 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although METCB has an excellent technical rating, it does not offer a high 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
7.20
14.55
3 important support areas can be observed.
- Support @7.73 from a trend line in the daily time frame.
- Support @7.60 from a trend line in the weekly time frame.
- Support @7.27 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 14.26 to 14.41. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 88.86 | POSITIVE | METCB has a high relative strength, it outperformed 88.86% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of METCB is below 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) | 54.41 | NEUTRAL | The RSI value for METCB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.22 | NEGATIVE | The MACD value suggests METCB has a negative trend. |
| Stochastics (14,3) | 42.16 | NEUTRAL | The Stochastics value for METCB is a neutral value. |
| Average True Range in percent/ATR (20) | 10.48 | HIGH VOLATILITY | The high ATR as a percentage value for METCB suggests high volalility. |
| Average Directional Index/ADX (14) | 45.22 | 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)
12.64
-0.94 (-6.92%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-6.92%
1 Week-12.25%
2 Weeks-9.39%
1 Month52.56%
3 Month45.62%
6 Month43.47%
12 Month21.76%
2 Year19.4%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.41
ATR(20)%10.48%
ATR Inc-5.64%
Range Today1.01
ADR(20)1.28
ADR(20)%10.11%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.86
Mansfield2.5
10 Day High16.4
10 Day Low12.46
20 Day High16.4
20 Day Low8.23
52 Week High16.4
52 Week Low6.01
CS1 End7.73
CR1 Start14.26
Volume & EV
DER(3)-9.72%
DER(5)-8.78%
Volume115.80K
Volume Incr-49.82%
Vol(5)188.00K
Vol(50)199.14K