MAC COPPER LTD (MTAL) Stock Technical Analysis
USA - NYSE:MTAL - JE00BQBC8469 - Common Stock
12.21 USD
0 (0%)
12.22 USD
+0.01 (+0.08%)
We assign a technical rating of 6 out of 10 to MTAL. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, MTAL is a bad performer.
When comparing the yearly performance of all stocks, MTAL is a bad performer in the overall market: 71% of all stocks are doing better.
MTAL is one of the lesser performing stocks in the Metals & Mining industry. 81% of 156 stocks in the same industry do better.
Both the short term and long term trends are positive. This is a very positive sign.
MTAL is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so MTAL is lagging the market slightly.
MTAL has an average volume of 1039990 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month MTAL has a been trading in a tight range between 12.18 and 12.23.
MTAL has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 12.21, a Stop Loss order could be placed below this zone.
More info and screens
11.81
12.54
We found 1 important support area.
- A support zone ranging from 11.93 to 12.21. 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.
- A resistance zone ranging from 12.41 to 12.42. This zone is formed by a combination of multiple trend lines 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 MTAL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MTAL is up. |
| ChartMill Relative Strength | 29.54 | NEGATIVE | MTAL has a low relative strength, it was outperformed by 70.46% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MTAL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MTAL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MTAL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.66 | NEUTRAL | The RSI value for MTAL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests MTAL has a negative trend. |
| Stochastics (14,3) | 50 | NEUTRAL | The Stochastics value for MTAL is a neutral value. |
| Average True Range in percent/ATR (20) | 0.19 | LOW VOLATILITY | The low ATR as a percentage value for MTAL suggests low volalility. |
| Average Directional Index/ADX (14) | 45.96 | POSITIVE | The high ADX value value for MTAL suggests a strong 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)
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 |
|---|---|---|---|
| 12.24 | 12.18 | 0.06 (0.49%) | 25.00% |
| An entry @12.24. This is a Buy Stop order right above the 10 day high. | An exit @12.18. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.06 points, which is 0.49%. | For a 0.12% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
12.21
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg0%
1 Week0%
2 Weeks0.08%
1 Month0.33%
3 Month1.41%
6 Month45.88%
12 Month-5.86%
2 Year11.92%
3 Year23.96%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.02
ATR(20)%0.19%
ATR Inc-11.31%
Range Today0.02
ADR(20)0.02
ADR(20)%0.18%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS29.54
Mansfield-0.26
10 Day High12.23
10 Day Low12.19
20 Day High12.23
20 Day Low12.18
52 Week High13.88
52 Week Low7.69
CS1 End12.21
CR1 Start12.41
Volume & EV
DER(3)-0.42%
DER(5)-1.75%
Volume671.90K
Volume Incr-18.35%
Vol(5)849.44K
Vol(50)1.04M