We assign a technical rating of 5 out of 10 to METD. In the last year, METD was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
Although the technical rating is only medium, METD does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 16.15, a Stop Loss order could be placed below this zone.
More info and screens
13.65
We found 4 important support areas.
- A support zone ranging from 15.63 to 16.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @14.64 from a horizontal line in the daily time frame.
- Support @14.28 from a trend line in the daily time frame.
- Support @13.79 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 17.31 to 17.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @19.33 from a trend line in the weekly 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 METD is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for METD is neutral. |
| ChartMill Relative Strength | 40.73 | NEUTRAL | METD is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of METD is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of METD is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of METD is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.42 | NEUTRAL | The RSI value for METD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.18 | NEGATIVE | The MACD value suggests METD has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 17.9 | OVERSOLD | The low Stochastics value suggests METD may be oversold. |
| Average True Range in percent/ATR (20) | 2.74 | MEDIUM VOLATILITY | The ATR as a percentage value for METD suggests some volalility. |
| Average Directional Index/ADX (14) | 26.71 | POSITIVE | The high ADX value value for METD suggests a strong trend. |
16.2
+0.18 (+1.12%)
DIREX DAILY META BEAR 1X SHS / METD FAQ
Can you provide the ChartMill technical rating for DIREX DAILY META BEAR 1X SHS?
ChartMill assigns a technical rating of 5 / 10 to METD.
Can you provide the trend direction for DIREX DAILY META BEAR 1X SHS?
The current trend direction for DIREX DAILY META BEAR 1X SHS (METD) is Bearish.
What is the RSI signal for DIREX DAILY META BEAR 1X SHS (METD) stock?
DIREX DAILY META BEAR 1X SHS (METD) has an RSI value of 48.4195. This indicates that the stock is currently neutral.
Can you provide the MACD signal for DIREX DAILY META BEAR 1X SHS?
The MACD indicator for DIREX DAILY META BEAR 1X SHS (METD) has a value of -0.179487, indicating a bearish trend.
Can you provide the support and resistance levels for DIREX DAILY META BEAR 1X SHS?
DIREX DAILY META BEAR 1X SHS (METD) has a support level at 16.15 and a resistance level at 17.31. Check the full technical report for our detailed analysis of METD support and resistance levels.