MERCER INTERNATIONAL INC (MERC) Stock Technical Analysis
NASDAQ:MERC • US5880561015
We assign a technical rating of 1 out of 10 to MERC. 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: 90% 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. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month MERC has a been trading in the 1.52 - 2.85 range, which is quite wide. It is currently trading near the lows of this range.
- Volume is considerably higher in the last couple of days.
The technical rating of MERC is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
1.65
2 important support areas can be observed.
- Support @1.70 from a trend line in the daily time frame.
- Support @1.67 from a horizontal line in the daily time frame.
6 important resistance areas can be observed.
- A resistance zone ranging from 1.78 to 1.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 2.07 to 2.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.35 from a trend line in the weekly time frame.
- Resistance @2.54 from a trend line in the daily time frame.
- Resistance @2.60 from a trend line in the weekly time frame.
- Resistance @2.68 from a trend 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 | 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 | 10.74 | NEGATIVE | MERC has a low relative strength, it was outperformed by 89.26% 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) | UP | MIXED | The current price of MERC is below the rising 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) | 37.89 | NEUTRAL | The RSI value for MERC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests MERC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 13.92 | OVERSOLD | The low Stochastics value suggests MERC may be oversold. |
| Average True Range in percent/ATR (20) | 9.6 | HIGH VOLATILITY | The high ATR as a percentage value for MERC suggests high volalility. |
| Average Directional Index/ADX (14) | 37.25 | POSITIVE | The high ADX value value for MERC suggests a strong trend. |
1.78
+0.08 (+4.71%)
MERCER INTERNATIONAL INC / MERC FAQ
What is the technical rating for MERC stock?
ChartMill assigns a technical rating of 1 / 10 to MERC.
Can you provide the trend direction for MERCER INTERNATIONAL INC?
The current trend direction for MERCER INTERNATIONAL INC (MERC) is Bearish.
What is the RSI signal for MERCER INTERNATIONAL INC (MERC) stock?
MERCER INTERNATIONAL INC (MERC) has an RSI value of 37.8877. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for MERCER INTERNATIONAL INC?
The buy/sell signal for MERCER INTERNATIONAL INC (MERC) is sell as both the short term and long term trends are negative.
Can you provide the support and resistance levels for MERCER INTERNATIONAL INC?
MERCER INTERNATIONAL INC (MERC) has a support level at 1.7 and a resistance level at 1.78. Check the full technical report for our detailed analysis of MERC support and resistance levels.