METALLA ROYALTY & STREAMING (MTA) Stock Technical Analysis
NYSEARCA:MTA - NYSE Arca - CA59124U6051 - Common Stock - Currency: USD
We assign a technical rating of 4 out of 10 to MTA. In the last year, MTA was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
In the last month MTA has a been trading in the 2.75 - 3.16 range, which is quite wide. It is currently trading near the high of this range.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
When comparing the performance of all stocks over the past year, MTA turns out to be only a medium performer in the overall market: it outperformed 64% of all stocks.
MTA is part of the Metals & Mining industry. There are 153 other stocks in this industry, MTA did better than 50% of them.
MTA is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MTA is lagging the market slightly.
Although the technical rating is only medium, MTA does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 2.97, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
2.48
3.51
When analyzing the support we can see 4 important areas.
- A support zone ranging from 2.89 to 2.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @2.79 from a horizontal line in the daily time frame.
- A support zone ranging from 2.60 to 2.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.51 from a horizontal line in the daily time frame.
5 important resistance areas can be observed.
- Resistance @3.07 from a trend line in the weekly time frame.
- Resistance @3.16 from a trend line in the daily time frame.
- Resistance @3.26 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 3.37 to 3.38. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @3.48 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 | NEUTRAL | NEUTRAL | The long term trend for MTA is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MTA is neutral. |
| ChartMill Relative Strength | 64.08 | NEUTRAL | MTA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MTA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of MTA is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MTA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.22 | NEUTRAL | The RSI value for MTA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests MTA has a positive trend. |
| Stochastics (14,3) | 69.16 | NEUTRAL | The Stochastics value for MTA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.74 | MEDIUM VOLATILITY | The ATR as a percentage value for MTA suggests some volalility. |
| Average Directional Index/ADX (14) | 10.41 | NEGATIVE | The low ADX value for MTA 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)
3.06
+0.04 (+1.32%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg1.32%
1 Week4.79%
2 Weeks5.52%
1 Month2%
3 Month11.27%
6 Month-0.33%
12 Month-4.37%
2 Year-28.34%
3 Year-43.65%
5 Year-48.4%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.1
ATR(20)%3.74%
ATR Inc7.72%
Range Today0.09
ADR(20)0.1
ADR(20)%3.32%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS64.08
Mansfield-0.08
10 Day High3.09
10 Day Low2.75
20 Day High3.16
20 Day Low2.75
52 Week High4.08
52 Week Low2.32
CS1 End2.97
CR1 Start3.07
Volume & EV
DER(3)-0.89%
DER(5)-2.97%
Volume271.10K
Volume Incr10.1%
Vol(5)239.80K
Vol(50)322.37K