Taking everything into account, METCB scores 1 out of 10 in our technical rating. METCB 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 METCB 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
8.47
We found 2 important support areas.
- A support zone ranging from 11.92 to 12.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @8.56 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 12.52 to 12.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @14.01 from a trend 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 METCB is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for METCB is down. |
| ChartMill Relative Strength | 55.74 | NEUTRAL | METCB is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of METCB is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of METCB is below a declining 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) | 37.43 | NEUTRAL | The RSI value for METCB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.2 | NEGATIVE | The MACD value suggests METCB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 16.44 | OVERSOLD | The low Stochastics value suggests METCB may be oversold. |
| Average True Range in percent/ATR (20) | 10.26 | HIGH VOLATILITY | The high ATR as a percentage value for METCB suggests high volalility. |
| Average Directional Index/ADX (14) | 27.46 | POSITIVE | The high ADX value value for METCB suggests a strong trend. |
12.51
+0.13 (+1.05%)
RAMACO RESOURCES INC-B / METCB FAQ
Can you provide the ChartMill technical rating for RAMACO RESOURCES INC-B?
ChartMill assigns a technical rating of 1 / 10 to METCB.
What is the current trend direction of RAMACO RESOURCES INC-B (METCB) stock?
The current trend direction for RAMACO RESOURCES INC-B (METCB) is Bearish.
What is the RSI signal for RAMACO RESOURCES INC-B (METCB) stock?
RAMACO RESOURCES INC-B (METCB) has an RSI value of 37.4304. This indicates that the stock is currently neutral.
What is the MACD signal for RAMACO RESOURCES INC-B (METCB) stock?
The MACD indicator for RAMACO RESOURCES INC-B (METCB) has a value of -0.199587, indicating a bearish trend.
What are the support and resistance levels for RAMACO RESOURCES INC-B (METCB) stock?
RAMACO RESOURCES INC-B (METCB) has a support level at 12.11 and a resistance level at 12.52. Check the full technical report for our detailed analysis of METCB support and resistance levels.