NYSEARCA:COAL - NYSE Arca - US3015054675 - ETF - Currency: USD
Taking everything into account, COAL scores 1 out of 10 in our technical rating. COAL scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, COAL does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 17.30. Right above this resistance zone may be a good entry point.
17.12
2 important resistance areas can be observed.
17.2934
-0.27 (-1.52%)