METL:NASDAQSprott Active Metals & Miners ETF analysis

The moving-average structure behind Sprott Active Metals & Miners ETF is bearish at $24.34, with short-term averages lagging the long-term ones. Over a rolling month the price has lost 15.5%. Momentum indicators put RSI at 34.6 (approaching oversold) with MACD reading bearish. Watch $24.24 as support and $27.86 as the nearer resistance level.
The 0.99% expense ratio is middling for its category, and the fund manages $80.7M in assets.
Risk comes out at 8 of a possible 10, a high reading. With 30-day volatility of 32.4%, a beta of 2.06 and a maximum drawdown of 28.8%, position sizing matters more than entry timing here. Thin trading volumes mean execution costs can be material on larger orders. The wider market backdrop reads extreme greed at 94 on the fear-greed composite.
Near-term and long-term part ways here — sell short-term against hold longer out, with 2/10 conviction on the long call.