MERCER INTERNATIONAL INC (MERC) Stock Technical Analysis
NASDAQ:MERC - Nasdaq - US5880561015 - Common Stock - Currency: USD
Taking everything into account, MERC scores 0 out of 10 in our technical rating. MERC's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, MERC is a bad performer in the overall market: 97% of all stocks are doing better.
MERC is one of the lesser performing stocks in the Paper & Forest Products industry. 100% of 9 stocks in the same industry do better.
MERC is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so MERC is lagging the market.
In the last month MERC has a been trading in the 3.47 - 4.22 range, which is quite wide. It is currently trading near the lows of this range.
Considerably lower volume is observed in the last couple of days.
MERC has a poor technical rating and the quality of the setup is also not perfect at the moment. Prices have been consolidating lately.
More info and screens
3.49
6.91
We can see 3 important resistance areas.
- A resistance zone ranging from 3.63 to 3.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @3.80 from a horizontal line in the daily time frame.
- Resistance @6.84 from a trend line in the weekly 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 | DOWN | NEGATIVE | The long term trend for MERC is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MERC is down. |
| ChartMill Relative Strength | 3.46 | NEGATIVE | MERC has a low relative strength, it was outperformed by 96.54% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MERC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MERC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MERC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 34.94 | NEUTRAL | The RSI value for MERC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests MERC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 28.8 | NEUTRAL | The Stochastics value for MERC is a neutral value. |
| Average True Range in percent/ATR (20) | 4.48 | MEDIUM VOLATILITY | The ATR as a percentage value for MERC suggests some volalility. |
| Average Directional Index/ADX (14) | 23.21 | NEUTRAL | The ADX value for MERC suggests a possible start of a new 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)
3.53
-0.08 (-2.22%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryPaper & Forest Products
Performance
% Chg-2.22%
1 Week-5.36%
2 Weeks-3.55%
1 Month-14.11%
3 Month-45.78%
6 Month-43.16%
12 Month-59.1%
2 Year-56.26%
3 Year-73.16%
5 Year-56.74%
10 Year-74.2%
15 Year-11.31%
Volatility
ATR(14)0.16
ATR(20)%4.48%
ATR Inc21.98%
Range Today0.11
ADR(20)0.15
ADR(20)%4.34%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS3.46
Mansfield-4.51
10 Day High3.87
10 Day Low3.53
20 Day High4.22
20 Day Low3.47
52 Week High8.82
52 Week Low3.2
CS1 EndN/A
CR1 Start3.63
Volume & EV
DER(3)-0.42%
DER(5)-3.44%
Volume417.24K
Volume Incr-31.68%
Vol(5)313.32K
Vol(50)551.55K