Technical Analysis - MECHEL OAO (Stock Symbol: MTL)
MTL Pivot Point Support and Resistance Levels
Mechel OAO, together with its subsidiaries, engages in mining and steel businesses in the Russian Federation, other CIS countries, Europe, Asia, the Middle East, the United States, and internationally. The company operates through four segments: Mining, Steel, Ferroalloys, and Power. The Mining segment engages in the production and sale of metallurgical and steam coal, coke, iron ore, and limestone, as well as chemical products, such as coal tar, naphthalene, and other compounds. The Steel segment produces and sells semi-finished steel products, carbon and special long products, and carbon and stainless flat products, as well as metal products, including wire products, forgings, and stampings. The Ferroalloys segment is involved in the production and sale of nickel ore, low-ferrous ferronickel, ferrochrome, and ferrosilicon. The Power segment engages in the generation and sale of electricity and heat energy from steam coal; and power distribution activities. The company, formerly known as Mechel Steel Group OAO, was founded in 2003 and is based in Moscow, the Russian Federation.
Select formula to calculate Traditional Pivot Point
MTL Pivot Points (traditional) calculated for the Next trading session
|Support / Resistance||Daily MTL|
|Used Period||10/23/2014||10/20/2014 - 10/23/2014||10/01/2014 - 10/23/2014|
|Used MTL Quotes||O:0.82;H:0.90;L:0.82;C:0.89||O:0.85;H:0.95;L:0.81;C:0.89||O:1.22;H:1.34;L:0.67;C:0.89|
Daily MTL support and resistance levels are based on the MTL quotes recorded on 10/23/2014
Open: 0.82; High: 0.90; Low: 0.82; Close: 0.89.
Weekly MTL support and resistance levels are based on the MTL quotes recorder in period from 10/20/2014 to 10/23/2014
Open: 0.85; High: 0.95; Low: 0.81; Close: 0.89.
Monthly MTL support and resistance levels are based on the MTL quotes recorded in period from 10/01/2014 to 10/23/2014
Open: 1.22; High: 1.34; Low: 0.67; Close: 0.89.
Daily MTL Pivot Points (traditional and non-traditional)
support and resistance levels are calculated for the Next trading session
|Pivot Point Level||Traditional|