RAMACO RESOURCES INC. - Daily - Technical analysis published on 09/20/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Strongly bearish
Technical indicators
28%
50%
22%
My opinion
Bearish under 4.50 USD
My targets
3.73 USD (-8.35%)
3.19 USD (-21.62%)
My analysis
The bearish basic trend is very strong on RAMACO RESOURCES INC. but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 4.50 USD. Crossing the first support at 3.73 USD would be a sign of a further potential price plummet. Sellers would then use the next support located at 3.19 USD as an objective. Caution, a return to above the resistance located at 4.50 USD would be a sign of a possible consolidation phase of the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
FORCE
0
10
6.1
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The RAMACO RESOURCES INC. rating is 4.07 USD. The price has increased by +0.49% since the last closing and was between 4.00 USD and 4.08 USD. This implies that the price is at +1.75% from its lowest and at -0.25% from its highest.4.00
4.08
4.07
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in Daily of this RAMACO RESOURCES INC. chart shows a sharp bearish trend. The signals given by moving averages are 89.29% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : Daily
On the 18 technical indicators analysed, 5 are bullish, 4 are neutral and 9 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Momentum indicator is back under 0
Type : Bearish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 3.19 | 3.73 | 4.07 | 4.50 | 5.21 | 6.10 |
| Change (%) | -21.62% | -8.35% | - | +10.57% | +28.01% | +49.88% |
| Change | -0.88 | -0.34 | - | +0.43 | +1.14 | +2.03 |
| Level | Intermediate | Intermediate | - | Major | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.74 | 3.89 | 4.03 | 4.18 | 4.32 | 4.47 | 4.61 |
| Camarilla | 4.08 | 4.11 | 4.13 | 4.16 | 4.19 | 4.21 | 4.24 |
| Woodie | 3.73 | 3.89 | 4.02 | 4.18 | 4.31 | 4.47 | 4.60 |
| Fibonacci | 3.89 | 4.00 | 4.07 | 4.18 | 4.29 | 4.36 | 4.47 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.83 | 4.13 | 4.42 | 4.72 | 5.01 | 5.31 | 5.60 |
| Camarilla | 4.56 | 4.61 | 4.67 | 4.72 | 4.77 | 4.83 | 4.88 |
| Woodie | 3.84 | 4.13 | 4.43 | 4.72 | 5.02 | 5.31 | 5.61 |
| Fibonacci | 4.13 | 4.35 | 4.49 | 4.72 | 4.94 | 5.08 | 5.31 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.26 | 2.13 | 3.20 | 4.07 | 5.14 | 6.01 | 7.08 |
| Camarilla | 3.73 | 3.90 | 4.08 | 4.26 | 4.44 | 4.62 | 4.79 |
| Woodie | 1.35 | 2.18 | 3.29 | 4.12 | 5.23 | 6.06 | 7.17 |
| Fibonacci | 2.13 | 2.87 | 3.33 | 4.07 | 4.81 | 5.27 | 6.01 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 42.96 | |
| MACD (12,26,9): | 0.0300 | |
| Directional Movement: | -10.06 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 4.39 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.96 | |
| Elder Ray (13): | -0.36 | |
| Super Trend (3,10): | 3.90 | |
| Zig ZAG (10): | 4.05 | |
| VORTEX (21): | 1.0200 | |
| Stochastique (14,3,5): | 23.50 | |
| TEMA (21): | 4.52 | |
| Williams %R (14): | -86.49 | |
| Chande Momentum Oscillator (20): | -0.15 | |
| Repulse (5,40,3): | -7.7300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.2000 | |
| Courbe Coppock: | 17.11 |
| MA7: | 4.51 | |
| MA20: | 4.35 | |
| MA50: | 4.42 | |
| MA100: | 5.15 | |
| MAexp7: | 4.36 | |
| MAexp20: | 4.36 | |
| MAexp50: | 4.51 | |
| MAexp100: | 4.88 | |
| Price / MA7: | -9.76% | |
| Price / MA20: | -6.44% | |
| Price / MA50: | -7.92% | |
| Price / MA100: | -20.97% | |
| Price / MAexp7: | -6.65% | |
| Price / MAexp20: | -6.65% | |
| Price / MAexp50: | -9.76% | |
| Price / MAexp100: | -16.60% |
News
The latest news and videos published on RAMACO RESOURCES INC. at the time of the analysis were as follows:
- Ramaco Resources, Inc. Announces a Partial Structural Failure at one of the storage silos at the Company’s Elk Creek coal complex
- Ramaco Resources, Inc. Announces Updated Status of Mining Operations at Berwind Mine Complex and Domestic Sales Commitments for 2019
- Ramaco Resources, Inc. Reports Second Quarter 2018 Financial Results
- Ramaco Resources, Inc. to Release Second Quarter 2018 Financial Results on Monday, August 6, 2018 and Host Conference Call and Webcast on Tuesday, August 7, 2018
- Ramaco Resources Announces Changes in Financial Officers and New Financing
This member declared not having a position on this financial instrument or a related financial instrument.
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