RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of METC
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Ramaco Resources Inc stock price ended at $16.84 on Thursday, after gaining 1.75%.
(Updated on Mar 28, 2024)

Sell candidate since Mar 12, 2024 Loss -3.61% PDF

The Ramaco Resources Inc stock price gained 1.75% on the last trading day (Thursday, 28th Mar 2024), rising from $16.55 to $16.84. During the last trading day the stock fluctuated 4.30% from a day low at $16.29 to a day high of $16.99. The price has risen in 6 of the last 10 days and is up by 0.54% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 57 thousand more shares were traded than the day before. In total, 779 thousand shares were bought and sold for approximately $13.12 million.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -12.44% during the next 3 months and, with a 90% probability hold a price between $12.82 and $17.53 at the end of this 3-month period.

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METC Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, March 19, 2024, and so far it has risen 3.00%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Ramaco Resources Inc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $17.70. On a fall, the stock will find some support from the short-term average at $16.69. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Ramaco Resources Inc stock

Ramaco Resources Inc finds support from accumulated volume at $16.83 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.700 between high and low, or 4.30%. For the last week, the stock has had daily average volatility of 4.27%.

Ramaco Resources Inc is oversold on RSI14 (19). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (METC) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Ramaco Resources Inc to open at $16.71, and during the day (based on 14 day Average True Range), to move between $15.92 and $17.76, which gives a possible trading interval of +/-$0.92 (+/-5.47%) up or down from last closing price. If Ramaco Resources Inc takes out the full calculated possible swing range there will be an estimated 10.93% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $16.83 (0.06%) than the resistance at $18.12 (7.60%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Ramaco Resources Inc stock A Buy?

Ramaco Resources Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -1.454 Sell Candidate Unchanged

Predicted Opening Price for Ramaco Resources Inc of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$16.71 ( 0.792%) $16.84

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for METC

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 17.41 3.37 %
R2 17.14 1.78 %
R1 16.97 0.796 %
Current price: 16.84
Support S1 16.44 -2.38 %
S2 16.27 -3.36 %
S3 16.01 -4.95 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 20.65 22.62 %
R2 18.13 7.66 %
R1 18.12 7.60 %
Current price 16.84
Support S1 16.83 -0.0594%
S2 16.50 -2.02%
S3 16.41 -2.55%

METC Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 29, 2024 Feb 29, 2024 Feb 29, 2024 $0 0%
2 Oct 16, 2023 Nov 30, 2023 Dec 15, 2023 $0.130 0.86%
3 Aug 06, 2023 Aug 31, 2023 Sep 15, 2023 $0.125 1.39%
4 Aug 05, 2023 May 31, 2023 Jun 15, 2023 $0.125 1.41%
5 May 27, 2023 Feb 28, 2023 Mar 15, 2023 $0.125 1.45%

FAQ

What is the symbol for Ramaco Resources Inc Stock and on which exchange is it traded?
The symbol for Ramaco Resources Inc is METC and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Ramaco Resources Inc Stock?
Ramaco Resources Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

How to buy Ramaco Resources Inc Stock?
Ramaco Resources Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Ramaco Resources Inc Stock.

What's the current price of Ramaco Resources Inc Stock?
As of the end of day on the 2024-03-28, the price of an Ramaco Resources Inc (METC) share was $16.84.

What is the 52-week high and low for Ramaco Resources Inc Stock?
The 52-week high for Ramaco Resources Inc Stock is $22.70 and the 52-week low is $7.26.

What is the market capitalization of Ramaco Resources Inc Stock?
As of the 2024-03-28, the market capitalization of Ramaco Resources Inc is 856.755M.

When is the next earnings date for Ramaco Resources Inc?
The upcoming earnings date for Ramaco Resources Inc is May 01, 2024.
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About Ramaco Resources Inc

Ramaco Resources Ramaco Resources, Inc. produces and sells metallurgical coal. The company's development portfolio includes the Elk Creek project consisting of approximately 20,200 acres of controlled mineral and 16 seams located in southern West Virginia; the Berwind property comprising approximately 41,300 acres of controlled mineral and an area of Squire Jim seam coal deposits, which is situated on the border of West Virginia and Virginia; the Knox Creek prope... METC Profile

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