MENE INC (MENE.CA) Stock Technical Analysis
TSX-V:MENE • CA58680T1012
Overall MENE gets a technical rating of 7 out of 10. Although MENE is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- MENE is part of the Textiles, Apparel & Luxury Goods industry. There are 5 other stocks in this industry, of which 75% are performing better than MENE.
- In the last month MENE has a been trading in the 0.16 - 0.26 range, which is quite wide. It is currently trading near the lows of this range.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- When compared to the yearly performance of all other stocks, MENE outperforms 63% of them, which is more or less in line with the market.
- MENE is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MENE is lagging the market.
- Volume is considerably higher in the last couple of days.
Besides having an excellent technical rating, MENE also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 0.16, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
0.15
2 important support areas can be observed.
- A support zone ranging from 0.16 to 0.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 0.15 to 0.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 0.20 to 0.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @0.21 from a trend line in the weekly time frame.
- Resistance @0.23 from a trend line in the weekly time frame.
- 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 | UP | POSITIVE | The long term trend for MENE.CA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MENE.CA is neutral. |
| ChartMill Relative Strength | 63.25 | NEUTRAL | MENE.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of MENE.CA is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MENE.CA is above 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) | 49.15 | 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) | 6.25 | OVERSOLD | The low Stochastics value suggests MENE.CA may be oversold. |
| Average True Range in percent/ATR (20) | 10.27 | HIGH VOLATILITY | The high ATR as a percentage value for MENE.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 29.51 | POSITIVE | The high ADX value value for MENE.CA suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 0.20 | 0.17 | 0.03 (14.57%) | 6.86% |
| An entry @0.20. This is a Buy Stop order right above the 10 day moving average. | An exit @0.17. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.03 points, which is 14.57%. | For a 1.00% total portfolio risk, you can invest 6.86% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
TSX-V:MENE (2/20/2026, 7:00:00 PM)
0.185
-0.01 (-2.63%)
MENE INC / MENE.CA FAQ
What is the technical rating for MENE stock?
ChartMill assigns a technical rating of 7 / 10 to MENE.CA.
What is the trend direction for MENE stock?
The current trend direction for MENE INC (MENE.CA) is Bullish.
What is the RSI signal for MENE stock?
MENE INC (MENE.CA) has an RSI value of 49.1496. This indicates that the stock is currently neutral.
What is the short term momentum for MENE stock?
The short term momentum for MENE INC (MENE.CA) is neutral.