METALERO MINING CORP (MLO.CA) Stock Technical Analysis
Canada - TSX-V:MLO - CA59117L1094 - Common Stock
Taking everything into account, MLO scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, MLO is a bad performer.
Besides having an excellent technical rating, MLO also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 0.17, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for MLO in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
0.16
2 important support areas can be observed.
- A support zone ranging from 0.17 to 0.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 0.16 to 0.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @0.18 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 MLO.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MLO.CA is up. |
| 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) | UP | POSITIVE | The current price of MLO.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MLO.CA is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 58.73 | NEUTRAL | The RSI value for MLO.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests MLO.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 66.33 | NEUTRAL | The Stochastics value for MLO.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 7.14 | HIGH VOLATILITY | The high ATR as a percentage value for MLO.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 12.54 | NEGATIVE | The low ADX value for MLO.CA suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 0.19 | 0.16 | 0.03 (15.79%) | 6.33% |
| An entry @0.19. This is a Buy Stop order right above the resistance zone. | An exit @0.16. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.03 points, which is 15.79%. | When investing 6.33% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
TSX-V:MLO (9/19/2025, 7:00:00 PM)
0.175
-0.01 (-2.78%)