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Metgasco Limited

MEL.AX Technical Analysis Summary (ASX)

Analyze MEL.AX on the ASX with RSI, MACD, ADX, Bollinger Bands, support, resistance, momentum, and the latest technical trading signals.

MEL.AX●ASX
EnergyOil & Gas Exploration & Production
$0.01
$0.00(0.00%)
Australian Market opens in 12h 36m

Disclaimer for Technical Analysis Page

The technical indicators and trading signals shown on this page are for informational purposes only and do not constitute financial advice. Stock market investments involve risk, and past performance is not a guarantee of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.Read our Full Disclaimer

MEL.AX Technical Analysis Summary (ASX)

Metgasco Limited (ASX: MEL.AX) stock currently shows a neutral trend on the ASX, supported by momentum and balanced buying pressure.

Overall Sentiment:Neutral
Momentum:Neutral to Bearish (RSI: 40.07)
Trend Strength:Weak (ADX: 15.81)
Support/Resistance:$0.01 – $0.01 (Bollinger Bands)

Technical conditions suggest Metgasco Limited on the ASX is awaiting a decisive move. Technical conditions suggest Metgasco Limited is consolidating, awaiting a decisive move.

Momentum Indicators

RSI (14): 40.07

Bearish
Below midpoint indicates downward pressure.

Stochastic %K: 61.11

Bullish
Buying momentum building without extremes.

Williams %R: -50.00

Neutral
Balanced market without strong signals.

Rate of Change (ROC): 9.09

Strongly Bullish
Strong upside momentum.

Takeaway:Metgasco Limited shows neutral momentum, with indicators pointing to indecision.

Trend & Volatility

MACD: 0.00

Neutral
Neutral, momentum shows no clear direction.

ADX: 15.81

Weak
Weak trend, market trading sideways.

ATR (14): 0.00

Low
Low volatility, stable price action.

CCI (14): 23.33

Bullish
Bullish, momentum building upward.

Takeaway:Metgasco Limited shows a neutral trend, with weak conviction and limited volatility.

Support & Resistance indicators
Bollinger Bands
Upper Band
$0.01
Middle Band (SMA 20)
$0.01
Lower Band
$0.01
Current Position
Above Upper Band

Takeaway:Metgasco Limited trades near the upper band, signaling overbought conditions and risk of pullback.

Keltner Channels
Upper Channel
$0.01
Middle Line (EMA 20)
$0.01
Lower Channel
$0.01
Squeeze Status
No Squeeze

Takeaway:Metgasco Limited trades near the upper channel, signaling resistance and risk of pullback.

Volume & Money Flow Analysis
On-Balance Volume-827.73K
Money Flow Index99.03Bearish risk, overbought conditions may trigger pullback.
Relative Vigor Index9.42Bearish, price momentum favors sellers.

Overall Takeaway:MEL.AX shows mixed signals in money flow analysis.

Technical Trading Signals Summary
Based on the current technical analysis of Metgasco Limited (ASX: MEL.AX), here are the key trading signals and recommendations:

Bullish Signals

Price trading above middle Bollinger Band → mid-term support intact.

Bearish Signals

Price near upper Bollinger Band → potential resistance and pullback risk.

MFI above 80 → overbought conditions may limit upside.

RVI below 50 → vigor tilted toward sellers.

Overall Recommendation:Technical indicators for Metgasco Limited are mixed, suggesting a Hold or wait-and-see approach.

(ASX: MEL.AX) Technical Analysis FAQ