SPROTT ACT METALS&MINERS ETF (METL) Stock Technical Analysis
USA - NASDAQ:METL - US85208P8573 - ETF
Taking everything into account, METL scores 3 out of 10 in our technical rating. In the last year, METL was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
The technical rating of METL is bad and it also does not present a quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
21.03
We found 1 important support area.
- A support zone ranging from 21.24 to 21.47. This zone is formed by a combination of multiple trend lines and important moving averages 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 METL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for METL is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | METL has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Relative Strength Index/RSI (14) | 81.96 | OVERBOUGHT | The high RSI value suggests METL may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.59 | POSITIVE | The MACD value suggests METL has a positive trend, although the MACD value is declining. |
| Average Directional Index/ADX (14) | 36.46 | POSITIVE | The high ADX value value for METL suggests a strong trend. |
22.11
+0.32 (+1.47%)