FRANKLIN AI METAVE BLKC UCIT (METE.MI) Stock Technical Analysis
BIT:METE - IE000IM4K4K2 - ETF
41.115 EUR
+0.43 (+1.04%)
We assign a technical rating of 6 out of 10 to METE. METE has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
When comparing the yearly performance of all stocks, METE is a bad performer in the overall market: 100% of all stocks are doing better.
Warning: METE has an average volume of 671 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month METE has a been trading in the 31.55 - 41.82 range, which is quite wide. It is currently trading near the high of this range.
Considerably lower volume is observed in the last couple of days.
METE has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.
More info and screens
34.02
43.96
We found 4 important support areas.
- A support zone ranging from 38.70 to 39.08. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @36.64 from a trend line in the daily time frame.
- Support @35.31 from a horizontal line in the weekly time frame.
- Support @34.36 from a trend line in the daily time frame.
We found 1 important resistance area.
- Resistance @43.52 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 | UP | POSITIVE | The long term trend for METE.MI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for METE.MI is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | METE.MI has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of METE.MI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of METE.MI is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 59.79 | NEUTRAL | The RSI value for METE.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests METE.MI has a positive trend. |
| Stochastics (14,3) | 82.73 | OVERBOUGHT | The high Stochastics value suggests METE.MI may be overbought. |
| Average True Range in percent/ATR (20) | 3.15 | MEDIUM VOLATILITY | The ATR as a percentage value for METE.MI suggests some volalility. |
| Average Directional Index/ADX (14) | 16.55 | NEGATIVE | The low ADX value for METE.MI suggests a weak or negative 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 |
|---|---|---|---|
| 41.79 | 39.08 | 2.72 (6.51%) | 15.37% |
| An entry @41.79. This is a Buy Stop order right above the 10 day high. | An exit @39.08. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 2.72 points, which is 6.51%. | For a 1.00% total portfolio risk, you can invest 15.37% of your capital in this trade. |
- 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.
BIT:METE (9/1/2025, 7:00:00 PM)
41.115
+0.43 (+1.04%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.04%
1 Week5.19%
2 Weeks-0.58%
1 Month16.41%
3 Month30.19%
6 Month77.37%
12 MonthN/A
2 Year75.18%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.14
ATR(20)%3.15%
ATR Inc-54.14%
Range Today0.51
ADR(20)0.63
ADR(20)%1.54%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High41.79
10 Day Low39.09
20 Day High41.82
20 Day Low31.55
52 Week HighN/A
52 Week LowN/A
CS1 End39.08
CR1 Start43.52
Volume & EV
DER(3)0%
DER(5)0%
Volume72
Volume Incr-56.89%
Vol(5)110.6
Vol(50)671.98