MECHEL PJSC-SPONSORED ADR (MTL) Technical Analysis
NYSE:MTL • US5838406081
Current stock price
MTL Technical Rating and Analysis
Overall MTL gets a technical rating of 1 out of 10. 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 one of the lesser performing stocks in the Metals & Mining industry. 67% of 159 stocks in the same industry do better.
- 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 Weekly and Daily overview Charts
MTL Setup Rating and Analysis
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
MTL Support and Resistance Analysis
2.23
2 important resistance areas can be observed.
- Resistance @4.12 from a horizontal line in the daily time frame.
- Resistance @4.19 from a trend line in the daily time frame.
MTL 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.
| 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. |
MTL Chart- and CandleStick Pattern Analysis
MTL Technicals: Chart, Performance Metrics, Trend & Indicators
2.25
-0.05 (-2.17%)
MECHEL PJSC-SPONSORED ADR / MTL TA FAQ
What is the technical rating for MTL stock?
ChartMill assigns a technical rating of 1 / 10 to MTL.
What is the trend direction for MTL stock?
The current trend direction for MECHEL PJSC-SPONSORED ADR (MTL) is Bearish.
Can you provide the RSI signal for MECHEL PJSC-SPONSORED ADR?
MECHEL PJSC-SPONSORED ADR (MTL) has an RSI value of 33.3627. This indicates that the stock is currently neutral.
What are the support and resistance levels for MECHEL PJSC-SPONSORED ADR (MTL) stock?
MECHEL PJSC-SPONSORED ADR (MTL) has a resistance level at 4.12. Check the full technical report for our detailed analysis of MTL support and resistance levels.