METALLA ROYALTY & STREAMING (MTA) Stock Technical Analysis
USA - NYSEARCA:MTA - CA59124U6051 - Common Stock
We assign a technical rating of 9 out of 10 to MTA. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
MTA has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 6.35, a Stop Loss order could be placed below this zone.
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2.57
When analyzing the support we can see 4 important areas.
- A support zone ranging from 6.26 to 6.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @5.24 from a trend line in the daily time frame.
- Support @5.04 from a trend line in the daily time frame.
- Support @2.60 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 6.88 to 6.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 MTA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MTA is neutral. |
| ChartMill Relative Strength | 94.56 | POSITIVE | MTA has a high relative strength, it outperformed 94.56% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MTA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MTA is above the rising 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) | 44.18 | NEUTRAL | The RSI value for MTA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests MTA has a negative trend. |
| Stochastics (14,3) | 10.3 | OVERSOLD | The low Stochastics value suggests MTA may be oversold. |
| Average True Range in percent/ATR (20) | 6.19 | HIGH VOLATILITY | The high ATR as a percentage value for MTA suggests high volalility. |
| Average Directional Index/ADX (14) | 23.4 | NEUTRAL | The ADX value for MTA suggests a possible start of a new trend. |
6.36
+0.09 (+1.44%)
METALLA ROYALTY & STREAMING / MTA FAQ
Can you provide the ChartMill technical rating for METALLA ROYALTY & STREAMING?
ChartMill assigns a technical rating of 9 / 10 to MTA.
Can you provide the trend direction for METALLA ROYALTY & STREAMING?
The current trend direction for METALLA ROYALTY & STREAMING (MTA) is Bullish.
Can you provide the RSI signal for METALLA ROYALTY & STREAMING?
METALLA ROYALTY & STREAMING (MTA) has an RSI value of 44.1756. This indicates that the stock is currently neutral.
What are the support and resistance levels for METALLA ROYALTY & STREAMING (MTA) stock?
METALLA ROYALTY & STREAMING (MTA) has a support level at 6.35 and a resistance level at 6.88. Check the full technical report for our detailed analysis of MTA support and resistance levels.