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 MTC.AX
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Stronger technical forecast for MetalsTech Limited stock price after Thursday trading.
(Updated on Mar 28, 2024)

Hold candidate since Mar 28, 2024 PDF

The MetalsTech Limited stock price gained 3.13% on the last trading day (Thursday, 28th Mar 2024), rising from $0.160 to $0.165. During the last trading day the stock fluctuated 3.03% from a day low at $0.165 to a day high of $0.170. The price has risen in 4 of the last 10 days but is still down by -5.71% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 325 thousand more shares were traded than the day before. In total, 349 thousand shares were bought and sold for approximately $57.52 thousand.

The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $0.172 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -31.86% during the next 3 months and, with a 90% probability hold a price between $0.0739 and $0.117 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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MTC.AX Signals & Forecast

The MetalsTech Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.161 and $0.165. A breakdown below any of these levels will issue sell signals. MetalsTech Limited has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, March 08, 2024, and so far it has fallen -13.16%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for MetalsTech Limited stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.155 and $0.150. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, MetalsTech Limited finds support just below today's level at $0.155. If this is broken, then the next support from accumulated volume will be at $0.150 and $0.140.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0050 between high and low, or 3.03%. For the last week, the stock has had daily average volatility of 3.17%.

Our recommended stop-loss: $0.155 (-5.96%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 14 days ago.)

Trading Expectations (MTC.AX) For The Upcoming Trading Day Of Tuesday 2nd

For the upcoming trading day on Tuesday, 2nd we expect MetalsTech Limited to open at $0.167, and during the day (based on 14 day Average True Range), to move between $0.153 and $0.177, which gives a possible trading interval of +/-$0.0116 (+/-7.05%) up or down from last closing price. If MetalsTech Limited takes out the full calculated possible swing range there will be an estimated 14.10% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.170 (3.03%) than the support at $0.155 (6.06%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is MetalsTech Limited stock A Buy?

MetalsTech Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.095 Hold/Accumulate Upgraded

Predicted Opening Price for MetalsTech Limited of Tuesday, April 2, 2024

Fair opening price April 2, 2024 Current price
$0.167 ( 1.01%) $0.165

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

Trading levels for MTC.AX

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 0.172 4.04 %
R2 0.170 2.88 %
R1 0.169 2.17 %
Current price: 0.165
Support S1 0.165 -0.147 %
S2 0.164 -0.86 %
S3 0.162 -2.02 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0.190 15.15 %
R2 0.175 6.06 %
R1 0.170 3.03 %
Current price 0.165
Support S1 0.155 -6.06%
S2 0.150 -9.09%
S3 0.140 -15.15%

FAQ

What is the symbol for MetalsTech Limited Stock and on which exchange is it traded?
The symbol for MetalsTech Limited is MTC.AX and it is traded on the ASX (Australian Securities Exchange).

Should I buy or sell MetalsTech Limited Stock?
MetalsTech Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

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

What's the current price of MetalsTech Limited Stock?
As of the end of day on the 2024-03-28, the price of an MetalsTech Limited (MTC.AX) share was $0.165.

What is the 52-week high and low for MetalsTech Limited Stock?
The 52-week high for MetalsTech Limited Stock is $0.415 and the 52-week low is $0.120.

What is the market capitalization of MetalsTech Limited Stock?
As of the 2024-03-28, the market capitalization of MetalsTech Limited is 30.233M.

When is the next earnings date for MetalsTech Limited?
The upcoming earnings date for MetalsTech Limited is Jul 29, 2024.
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About MetalsTech Limited

MetalsTech Limited engages in the exploration of gold and lithium deposits in Canada, England, and Slovakia. The company also explores for silver deposits. Its flagship property is the Sturec Gold Project located in central Slovakia. The company was incorporated in 2016 and is headquartered in Subiaco, Australia.... MTC.AX Profile

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