MEREN ENERGY INC (MER.CA) Stock Technical Analysis
TSX:MER • CA5889141019
Taking everything into account, MER scores 6 out of 10 in our technical rating. 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.
- 100% of all other stocks performed better in the past year than MER.
- MER is part of the Oil, Gas & Consumable Fuels industry. There are 212 other stocks in this industry, of which 93% are performing better than MER.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- In the last month MER has a been trading in the 2.04 - 2.40 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
Although the technical rating is only medium, MER does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 2.04, a Stop Loss order could be placed below this zone.
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1.66
When analyzing the support we can see 4 important areas.
- A support zone ranging from 2.00 to 2.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.77 from a trend line in the weekly time frame.
- Support @1.73 from a horizontal line in the daily time frame.
- Support @1.68 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 MER.CA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MER.CA is neutral. |
| 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 | MIXED | The current price of MER.CA is below 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) | 52.86 | NEUTRAL | The RSI value for MER.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests MER.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 22.22 | NEUTRAL | The Stochastics value for MER.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 4.04 | MEDIUM VOLATILITY | The ATR as a percentage value for MER.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 30.49 | POSITIVE | The high ADX value value for MER.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 |
|---|---|---|---|
| 2.25 | 2.04 | 0.21 (9.21%) | 10.86% |
| An entry @2.25. This is a Buy Stop order right above the 10 day moving average. | An exit @2.04. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.21 points, which is 9.21%. | For a 1.00% total portfolio risk, you can invest 10.86% 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:MER (2/27/2026, 7:00:00 PM)
2.18
+0.06 (+2.83%)
MEREN ENERGY INC / MER.CA FAQ
Can you provide the ChartMill technical rating for MEREN ENERGY INC?
ChartMill assigns a technical rating of 6 / 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 52.8606. This indicates that the stock is currently neutral.
Can you provide the MACD signal for MEREN ENERGY INC?
The MACD indicator for MEREN ENERGY INC (MER.CA) has a value of -0.0221163, indicating a bearish trend.