We assign a technical rating of 1 out of 10 to MTL. MTL has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
MTL is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
In the last month MTL has a been trading in the 1.88 - 4.32 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
When comparing the performance of all stocks over the past year, MTL turns out to be only a medium performer in the overall market: it outperformed 62% of all stocks.
MTL is part of the Metals & Mining industry. There are 152 other stocks in this industry, MTL did better than 50% of them.