Metabolic Explorer (METEX.PA) Stock Technical Analysis
EPA:METEX - Euronext Paris - Matif - FR0004177046 - Common Stock - Currency: EUR
Taking everything into account, METEX scores 0 out of 10 in our technical rating. METEX scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, METEX is a bad performer in the overall market: 100% of all stocks are doing better.
METEX is one of the lesser performing stocks in the Chemicals industry. 86% of 69 stocks in the same industry do better.
METEX is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so METEX is lagging the market.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
In the last month METEX has a been trading in the 0.05 - 0.20 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of METEX is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
0.12
0.20
When analyzing the support we notice one important area.
- Support @0.12 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 0.16 to 0.16. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @0.20 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 | DOWN | NEGATIVE | The long term trend for METEX.PA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for METEX.PA is down. |
| ChartMill Relative Strength | 0.35 | NEGATIVE | METEX.PA has a low relative strength, it was outperformed by 99.65% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of METEX.PA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of METEX.PA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of METEX.PA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 28.11 | OVERSOLD | The low RSI value suggests METEX.PA may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests METEX.PA has a negative trend. |
| Stochastics (14,3) | 56.72 | NEUTRAL | The Stochastics value for METEX.PA is a neutral value. |
| Average True Range in percent/ATR (20) | 15.98 | HIGH VOLATILITY | The high ATR as a percentage value for METEX.PA suggests high volalility. |
| Average Directional Index/ADX (14) | 32.08 | POSITIVE | The high ADX value value for METEX.PA 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)
EPA:METEX (5/6/2024, 7:00:00 PM)
0.1214
+0 (+1.17%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg1.17%
1 Week-25.52%
2 Weeks-29.83%
1 Month-18.96%
3 Month-75.72%
6 Month-77.09%
12 Month-88.65%
2 Year-97.36%
3 Year-97.15%
5 Year-92.36%
10 Year-95.49%
15 Year-97.9%
Volatility
ATR(14)0.02
ATR(20)%15.98%
ATR Inc14.17%
Range Today0.01
ADR(20)0.02
ADR(20)%15.07%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0.35
Mansfield-8.05
10 Day High0.18
10 Day Low0.05
20 Day High0.2
20 Day Low0.05
52 Week High1.22
52 Week Low0.05
CS1 End0.12
CR1 Start0.16
Volume & EV
DER(3)1.05%
DER(5)0.63%
Volume100.91K
Volume Incr164.09%
Vol(5)335.23K
Vol(50)212.64K