MEREN ENERGY INC (MER.CA) Stock Technical Analysis
Canada - TSX:MER - CA5889141019 - Common Stock
1.81 CAD
+0.05 (+2.84%)
Overall MER gets a technical rating of 5 out of 10. MER has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
When comparing the yearly performance of all stocks, MER is a bad performer in the overall market: 100% of all stocks are doing better.
MER is part of the Oil, Gas & Consumable Fuels industry. There are 216 other stocks in this industry, of which 91% are performing better than MER.
The long and short term trends are both positive. This is looking good!
In the last month MER has a been trading in the 1.65 - 1.83 range, which is quite wide. It is currently trading near the high of this range.
Considerably lower volume is observed in the last couple of days.
MER has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 1.81. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 1.77, a Stop Loss order could be placed below this zone.
More info and screens
1.61
1.85
2 important support areas can be observed.
- A support zone ranging from 1.74 to 1.77. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 1.63 to 1.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 1.81 to 1.83. This zone is formed by a combination of multiple trend lines 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) | UP | POSITIVE | The current price of MER.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MER.CA is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 59.18 | NEUTRAL | The RSI value for MER.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests MER.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 60.88 | NEUTRAL | The Stochastics value for MER.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.51 | MEDIUM VOLATILITY | The ATR as a percentage value for MER.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 14.59 | NEGATIVE | The low ADX value for MER.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:MER (9/15/2025, 7:00:00 PM)
1.81
+0.05 (+2.84%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg2.84%
1 Week3.43%
2 Weeks1.69%
1 Month1.69%
3 Month1.12%
6 MonthN/A
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.04
ATR(20)%2.51%
ATR Inc0.8%
Range Today0.04
ADR(20)0.04
ADR(20)%2.13%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High1.83
10 Day Low1.72
20 Day High1.84
20 Day Low1.65
52 Week HighN/A
52 Week LowN/A
CS1 End1.77
CR1 Start1.81
Volume & EV
DER(3)-26.04%
DER(5)-31.74%
Volume540.08K
Volume Incr-47.28%
Vol(5)369.45K
Vol(50)902.15K