METALEX VENTURES LTD (MTX.CA) Stock Technical Analysis
Canada - TSX Venture Exchange - TSX-V:MTX - CA5909152038 - Common Stock
Taking everything into account, MTX scores 5 out of 10 in our technical rating. In the past year, MTX was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
- MTX is one of the lesser performing stocks in the Metals & Mining industry. 75% of 817 stocks in the same industry do better.
- In the last month MTX has a been trading in the 0.01 - 0.01 range, which is quite wide. It is currently trading near the high of this range.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- When compared to the yearly performance of all other stocks, MTX outperforms 57% of them, which is more or less in line with the market.
- MTX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MTX is lagging the market.
- Considerably lower volume is observed in the last couple of days.
MTX 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 a support zone below the current price at 0.01, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for MTX in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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When analyzing the support we notice one important area.
- A support zone ranging from 0.01 to 0.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 0.01 to 0.01. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @0.02 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 MTX.CA is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MTX.CA is neutral. |
| ChartMill Relative Strength | 57.75 | NEUTRAL | MTX.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MTX.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MTX.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MTX.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.64 | NEUTRAL | The RSI value for MTX.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests MTX.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 100 | OVERBOUGHT | The high Stochastics value suggests MTX.CA may be overbought. |
| Average True Range in percent/ATR (20) | 21.67 | HIGH VOLATILITY | The high ATR as a percentage value for MTX.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 32.59 | POSITIVE | The high ADX value value for MTX.CA suggests a strong trend. |
TSX-V:MTX (1/19/2026, 7:00:00 PM)
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METALEX VENTURES LTD / MTX.CA FAQ
Can you provide the ChartMill technical rating for METALEX VENTURES LTD?
ChartMill assigns a technical rating of 5 / 10 to MTX.CA.
Can you provide the trend direction for METALEX VENTURES LTD?
The current trend direction for METALEX VENTURES LTD (MTX.CA) is Bearish.
What is the RSI signal for METALEX VENTURES LTD (MTX.CA) stock?
METALEX VENTURES LTD (MTX.CA) has an RSI value of 53.6446. This indicates that the stock is currently neutral.
Can you provide the MACD signal for METALEX VENTURES LTD?
The MACD indicator for METALEX VENTURES LTD (MTX.CA) has a value of 0.0000575793, indicating a bearish trend.
What is the short term momentum for METALEX VENTURES LTD (MTX.CA) stock?
The short term momentum for METALEX VENTURES LTD (MTX.CA) is neutral.