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.
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.
2.23
When analyzing the resistance we notice 2 important areas.
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. |
2.25
-0.05 (-2.17%)