Logo image of MTL

MECHEL PJSC-SPONSORED ADR (MTL) Stock Technical Analysis

NYSE:MTL - New York Stock Exchange, Inc. - US5838406081 - ADR - Currency: USD

2.25  -0.05 (-2.17%)

After market: 2.25 0 (0%)

Technical Rating and Analysis

1

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. The S&P500 Index however is trading in the upper part of its 52 week range, so MTL is lagging the market.
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 an average performer in the Metals & Mining industry, it outperforms 40% of 155 stocks in the same industry.
Weekly and Daily overview Charts
MECHEL PJSC-SPONSORED ADR / MTL Weekly stock chart
MECHEL PJSC-SPONSORED ADR / MTL Daily stock chart
Setup Rating and Analysis

2

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.

Support and Resistance Analysis

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.
Technical Indicator Signal Analysis

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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorNEUTRALNEUTRALThe long term trend for MTL is neutral.
ChartMill Short Term Trend IndicatorDOWNNEGATIVEThe short term trend for MTL is down.
ChartMill Relative Strength62.51NEUTRALMTL is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)DOWNNEGATIVEThe current price of MTL is below a declining SMA(20).
Simple Moving Average/SMA (50)DOWNNEGATIVEThe current price of MTL is below a declining SMA(50).
Simple Moving Average/SMA (200)UPMIXEDThe current price of MTL is below the rising SMA(200).
Relative Strength Index/RSI (14)33.36NEUTRALThe RSI value for MTL is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)-0.15NEGATIVEThe MACD value suggests MTL has a negative trend.
Stochastics (14,3)11.14OVERSOLDThe low Stochastics value suggests MTL may be oversold.
Average True Range in percent/ATR (20)13.07HIGH VOLATILITYThe high ATR as a percentage value for MTL suggests high volalility.
Chart- and CandleStick Pattern Analysis
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)
MECHEL PJSC-SPONSORED ADR / MTL Daily stock chart

MECHEL PJSC-SPONSORED ADR

NYSE:MTL (2/25/2022, 8:04:00 PM)

After market: 2.25 0 (0%)

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