 |
 |
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
 Featured MNV Articles:
| Metalla Royalty & Streaming Stock Getting Very OversoldBy Metals Channel Staff, Thursday, February 25, 3:56 PM ET
In trading on Thursday, shares of Metalla Royalty & Streaming Ltd (AMEX:MTA) entered into oversold territory, changing hands as low as $8.58 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In the case of Metalla Royalty & Streaming Ltd, the RSI reading has hit 29.3 — by comparison, the universe of metals and mining stocks covered by Metals Channel currently has an average RSI of 50.6, the RSI of Spot Gold is at 44.5, and the RSI of Spot Silver is presently 60.4. A bullish investor could look at MTA's 29.3 reading as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. Looking at a chart of one year performance (below), MTA's low point in its 52 week range is $3 per share, with $13.50 as the 52 week high point — that compares with a last trade of $8.66. Metalla Royalty & Streaming Ltd shares are currently trading off about 6.9% on the day.
Free Report: Top 7%+ Dividends (paid monthly)
This Article's Word Cloud:
AMEX
Channel
Dividends
Free
Gold
Index
Looking
Metalla
Metals
Oversold
Relative
Report
Royalty
Silver
Spot
Start
Stocks
Streaming
Strength
Thursday
about
analysis
average
begin
below
bullish
case
changing
chart
compares
comparison
considered
could
covered
currently
define
entered
entry
look
mdash
oversold
point
reading
share
shares
territory
that
trading
week
with
|
Play Video:
Learn About The RSI
Free Email Alerts By Stock:
Start slideshow: