MENE INC (MENE.CA) Stock Technical Analysis
TSX-V:MENE - TSX Venture Exchange - CA58680T1012 - Common Stock - Currency: CAD
Overall MENE gets a technical rating of 4 out of 10. MENE was a bad performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term this still looks good.
83% of all other stocks performed better in the past year than MENE.
MENE is part of the Textiles, Apparel & Luxury Goods industry. There are 5 other stocks in this industry, of which 100% are performing better than MENE.
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!
MENE is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MENE is lagging the market slightly.
In the last month MENE has a been trading in the 0.12 - 0.17 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, MENE does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 0.13, a Stop Loss order could be placed below this zone.
More info and screens
0.12
0.17
2 important support areas can be observed.
- A support zone ranging from 0.13 to 0.13. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 0.12 to 0.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 0.14 to 0.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 0.15 to 0.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 0.16 to 0.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @0.17 from a horizontal line in the daily 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 | 17.97 | NEGATIVE | MENE.CA has a low relative strength, it was outperformed by 82.03% 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) | DOWN | MIXED | The current price of MENE.CA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.73 | NEUTRAL | The RSI value for MENE.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests MENE.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 63.33 | NEUTRAL | The Stochastics value for MENE.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 8.39 | HIGH VOLATILITY | The high ATR as a percentage value for MENE.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 11.49 | NEGATIVE | The low ADX value for MENE.CA suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
TSX-V:MENE (6/18/2025, 7:00:00 PM)
0.14
-0.01 (-6.67%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryTextiles, Apparel & Luxury Goods
Performance
% Chg-6.67%
1 Week3.7%
2 Weeks3.7%
1 Month0%
3 Month-3.45%
6 Month7.69%
12 Month-20%
2 Year-53.33%
3 Year-76.67%
5 Year-60.56%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.01
ATR(20)%8.39%
ATR Inc-61.11%
Range Today0.01
ADR(20)0.01
ADR(20)%6.43%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS17.97
Mansfield0.49
10 Day High0.16
10 Day Low0.13
20 Day High0.17
20 Day Low0.12
52 Week High0.25
52 Week Low0.08
CS1 End0.13
CR1 Start0.14
Volume & EV
DER(3)-163.48%
DER(5)-131.69%
Volume42.33K
Volume Incr-60.81%
Vol(5)20.75K
Vol(50)38.14K