MEREN ENERGY INC (MER.CA) Stock Technical Analysis
TSX:MER • CA5889141019
Overall MER gets a technical rating of 7 out of 10. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, MER is a bad performer.
- 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 one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 94% of 203 stocks in the same industry do better.
- The long and short term trends are both positive. This is looking good!
- In the last month MER has a been trading in the 1.90 - 2.40 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although MER has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
1.66
5 important support areas can be observed.
- A support zone ranging from 2.07 to 2.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @2.03 from a horizontal line in the daily time frame.
- Support @1.76 from a trend line in the weekly time frame.
- Support @1.73 from a horizontal line in the daily time frame.
- A support zone ranging from 1.68 to 1.70. 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) | 75.15 | OVERBOUGHT | The high RSI value suggests MER.CA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests MER.CA has a positive trend. |
| Stochastics (14,3) | 93.47 | OVERBOUGHT | The high Stochastics value suggests MER.CA may be overbought. |
| Average True Range in percent/ATR (20) | 2.93 | MEDIUM VOLATILITY | The ATR as a percentage value for MER.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 36.82 | POSITIVE | The high ADX value value for MER.CA suggests a strong trend. |
TSX:MER (2/13/2026, 7:00:00 PM)
2.38
+0.11 (+4.85%)
MEREN ENERGY INC / MER.CA FAQ
Can you provide the ChartMill technical rating for MEREN ENERGY INC?
ChartMill assigns a technical rating of 7 / 10 to MER.CA.
What is the current trend direction of MEREN ENERGY INC (MER.CA) stock?
The current trend direction for MEREN ENERGY INC (MER.CA) is Bullish.
What is the RSI signal for MER stock?
MEREN ENERGY INC (MER.CA) has an RSI value of 75.1518. This indicates that the stock is currently overbought.
Can you provide the MACD signal for MEREN ENERGY INC?
The MACD indicator for MEREN ENERGY INC (MER.CA) has a value of 0.0155738, indicating a bearish trend.
What is the buy/sell signal for MER stock?
The buy/sell signal for MEREN ENERGY INC (MER.CA) is buy as both the short term and long term trends are positive.