Mechel PAO Technical Analysis (NYSE:MTL)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. The Mechel PAO stock price data and volume are plotted in MTL stock charts and these trading charts form the basis of technical analysis.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for Mechel PAO. Technical analysis uses an approach for Mechel PAO stock analysis that does not care for the fair value of a company but uses price and volume data only.
Mechel PAO Moving Average
Moving averages help predict the price direction of MTL stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The 20 day moving average of $2.81 is above the last closing price of $2.52 and the 50 day moving average of $3.09 is above the last closing price of $2.52. The 10 and 20 day periods can predict short term moving average trends.
Mechel PAO Bollinger Bands
Bollinger bands comprise of a center line usually MTL SMA, and two MTL stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. Currently the stock price of $2.52 is in the lower range of Mechel PAO bollinger bands.
Mechel PAO Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The Mechel PAO MACD indicator is below 0 indicating a bearish trend.
Mechel PAO Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. The relative strength index of MTL stock is 31.4.