METALERO MINING CORP (MLO.CA) Stock Technical Analysis
TSX-V:MLO - TSX Venture Exchange - CA59117L1094 - Common Stock - Currency: CAD
Taking everything into account, MLO scores 1 out of 10 in our technical rating. MLO's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
When comparing the yearly performance of all stocks, MLO is a bad performer in the overall market: 100% of all stocks are doing better.
Warning: MLO has an average volume of 11926 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
In the last month MLO has a been trading in the 0.10 - 0.16 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
MLO has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
0.11
0.16
When analyzing the support we can see 2 important areas.
- A support zone ranging from 0.12 to 0.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.11 from a trend line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 0.14 to 0.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @0.15 from a trend line in the daily time frame.
- Resistance @0.16 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 | NEUTRAL | NEUTRAL | The long term trend for MLO.CA is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MLO.CA is neutral. |
| ChartMill Relative Strength | 0 | NEGATIVE | MLO.CA has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of MLO.CA is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MLO.CA is below a declining SMA(50). |
| Relative Strength Index/RSI (14) | 50.28 | NEUTRAL | The RSI value for MLO.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests MLO.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 27.27 | NEUTRAL | The Stochastics value for MLO.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 15.58 | HIGH VOLATILITY | The high ATR as a percentage value for MLO.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 11.6 | NEGATIVE | The low ADX value for MLO.CA 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)
TSX-V:MLO (6/6/2025, 7:00:00 PM)
0.13
+0.01 (+8.33%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg8.33%
1 Week18.18%
2 Weeks-13.33%
1 Month-3.7%
3 Month-10.34%
6 MonthN/A
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.02
ATR(20)%15.58%
ATR Inc-54.84%
Range Today0
ADR(20)0
ADR(20)%0.96%
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 High0.16
10 Day Low0.11
20 Day High0.16
20 Day Low0.11
52 Week HighN/A
52 Week LowN/A
CS1 End0.12
CR1 Start0.14
Volume & EV
DER(3)0%
DER(5)0%
Volume80.00K
Volume Incr280.63%
Vol(5)43.90K
Vol(50)11.93K