MECHEL PJSC-SPONSORED ADR (MTL) Stock Technical Analysis
NYSE:MTL - New York Stock Exchange, Inc. - US5838406081 - ADR - Currency: USD
We assign a technical rating of 1 out of 10 to MTL. MTL has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
MTL is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month MTL has a been trading in the 1.88 - 4.32 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
When compared to the yearly performance of all other stocks, MTL outperforms 62% of them, which is more or less in line with the market.
MTL is part of the Metals & Mining industry. There are 154 other stocks in this industry, MTL did better than 44% of them.
The technical rating of MTL is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
2.23
4.23
When analyzing the resistance we notice 2 important areas.
- Resistance @4.12 from a horizontal line in the daily time frame.
- Resistance @4.19 from a trend 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 MTL is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MTL is down. |
| ChartMill Relative Strength | 62.51 | NEUTRAL | MTL is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MTL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MTL is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of MTL is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 33.36 | NEUTRAL | The RSI value for MTL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.15 | NEGATIVE | The MACD value suggests MTL has a negative trend. |
| Stochastics (14,3) | 11.14 | OVERSOLD | The low Stochastics value suggests MTL may be oversold. |
| Average True Range in percent/ATR (20) | 13.07 | HIGH VOLATILITY | The high ATR as a percentage value for MTL suggests high volalility. |
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)
2.25
-0.05 (-2.17%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-2.17%
1 Week-42.46%
2 Weeks-40.48%
1 Month-18.77%
3 Month-23.47%
6 Month-21.87%
12 Month22.95%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.35
ATR(20)%13.07%
ATR Inc117.26%
Range Today0.21
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS62.51
Mansfield-1.81
10 Day High4.32
10 Day Low1.88
20 Day High4.32
20 Day Low1.88
52 Week High5.19
52 Week Low1.58
CS1 EndN/A
CR1 Start4.12
Volume & EV
DER(3)-2.37%
DER(5)-1.13%
Volume722.20K
Volume Incr177.25%
Vol(5)693.76K
Vol(50)293.62K