MEREN ENERGY INC (MER.CA) Stock Technical Analysis
TSX:MER - Toronto Stock Exchange - CA5889141019 - Common Stock - Currency: CAD
Taking everything into account, MER scores 3 out of 10 in our technical rating. MER performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
The technical rating of MER is bad and it also does not present a 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
1.71
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 1.80 to 1.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 MER.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MER.CA is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | MER.CA has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MER.CA is below a declining SMA(20). |
| Relative Strength Index/RSI (14) | 22.06 | OVERSOLD | The low RSI value suggests MER.CA may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests MER.CA has a negative trend. |
| Stochastics (14,3) | 16.67 | OVERSOLD | The low Stochastics value suggests MER.CA may be oversold. |
| Average True Range in percent/ATR (20) | 2.36 | MEDIUM VOLATILITY | The ATR as a percentage value for MER.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 22.31 | NEUTRAL | The ADX value for MER.CA suggests a possible start of a new trend. |
TSX:MER (6/26/2025, 7:00:00 PM)
1.73
0 (0%)