MENE INC (MENE.CA) Stock Technical Analysis
Canada - TSX Venture Exchange - TSX-V:MENE - CA58680T1012 - Common Stock
We assign a technical rating of 4 out of 10 to MENE. Although MENE is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
MENE has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
0.13
2 important support areas can be observed.
- A support zone ranging from 0.14 to 0.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 0.13 to 0.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 0.17 to 0.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 0.18 to 0.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 0.23 to 0.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @0.24 from a horizontal line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for MENE.CA is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MENE.CA is down. |
| ChartMill Relative Strength | 74.73 | POSITIVE | MENE.CA has a high relative strength, it outperformed 74.73% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MENE.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of MENE.CA is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MENE.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 43.56 | NEUTRAL | The RSI value for MENE.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests MENE.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 35.9 | NEUTRAL | The Stochastics value for MENE.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 8.64 | HIGH VOLATILITY | The high ATR as a percentage value for MENE.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 15.86 | NEGATIVE | The low ADX value for MENE.CA suggests a weak or negative trend. |
TSX-V:MENE (12/4/2025, 7:00:00 PM)
0.165
+0.01 (+3.13%)
MENE INC / MENE.CA FAQ
What is the technical rating for MENE stock?
ChartMill assigns a technical rating of 4 / 10 to MENE.CA.
What is the current trend direction of MENE INC (MENE.CA) stock?
The current trend direction for MENE INC (MENE.CA) is Bearish.
What is the RSI signal for MENE stock?
MENE INC (MENE.CA) has an RSI value of 43.5591. This indicates that the stock is currently neutral.
What is the short term momentum for MENE INC (MENE.CA) stock?
The short term momentum for MENE INC (MENE.CA) is negative.
What are the support and resistance levels for MENE INC (MENE.CA) stock?
MENE INC (MENE.CA) has a support level at 0.14 and a resistance level at 0.17. Check the full technical report for our detailed analysis of MENE.CA support and resistance levels.