MEREN ENERGY INC (MER.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:MER - CA5889141019 - Common Stock
Taking everything into account, MER scores 1 out of 10 in our technical rating. In the last year, MER was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
Although the technical rating is bad, MER does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 1.68, a Stop Loss order could be placed below this zone.
More info and screens
1.65
When analyzing the support we notice one important area.
- A support zone ranging from 1.67 to 1.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 1.74 to 1.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.82 from a horizontal line in the daily time frame.
- A resistance zone ranging from 1.90 to 1.90. 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 | DOWN | NEGATIVE | The short term trend for MER.CA is down. |
| 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). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MER.CA is below a declining SMA(50). |
| Relative Strength Index/RSI (14) | 41.15 | NEUTRAL | The RSI value for MER.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests MER.CA has a negative trend. |
| Stochastics (14,3) | 6.67 | OVERSOLD | The low Stochastics value suggests MER.CA may be oversold. |
| Average True Range in percent/ATR (20) | 3.59 | MEDIUM VOLATILITY | The ATR as a percentage value for MER.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 14.61 | NEGATIVE | The low ADX value for MER.CA suggests a weak or negative trend. |
TSX:MER (11/27/2025, 7:00:00 PM)
1.69
+0.01 (+0.6%)
MEREN ENERGY INC / MER.CA FAQ
Can you provide the ChartMill technical rating for MEREN ENERGY INC?
ChartMill assigns a technical rating of 1 / 10 to MER.CA.
What is the trend direction for MER stock?
The current trend direction for MEREN ENERGY INC (MER.CA) is Bullish.
What is the RSI signal for MEREN ENERGY INC (MER.CA) stock?
MEREN ENERGY INC (MER.CA) has an RSI value of 41.1494. This indicates that the stock is currently neutral.
What is the short term momentum for MER stock?
The short term momentum for MEREN ENERGY INC (MER.CA) is negative.
What are the support and resistance levels for MEREN ENERGY INC (MER.CA) stock?
MEREN ENERGY INC (MER.CA) has a support level at 1.68 and a resistance level at 1.74. Check the full technical report for our detailed analysis of MER.CA support and resistance levels.