MERCER INTERNATIONAL INC (MERC) Stock Technical Analysis
NASDAQ:MERC - Nasdaq - US5880561015 - Common Stock - Currency: USD
Overall MERC gets a technical rating of 0 out of 10. 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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, MERC is a bad performer in the overall market: 96% 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 2.83 - 4.47 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
2.92
6.80
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 3.51 to 3.60. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @4.03 from a trend line in the daily time frame.
- Strong resistance @6.73 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 | 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 | 4.76 | NEGATIVE | MERC has a low relative strength, it was outperformed by 95.24% 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) | 37.24 | NEUTRAL | The RSI value for MERC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests MERC has a negative trend. |
| Stochastics (14,3) | 13.21 | OVERSOLD | The low Stochastics value suggests MERC may be oversold. |
| Average True Range in percent/ATR (20) | 10.21 | HIGH VOLATILITY | The high ATR as a percentage value for MERC suggests high volalility. |
| Average Directional Index/ADX (14) | 24.26 | 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)
2.95
-0.07 (-2.32%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryPaper & Forest Products
Performance
% Chg-2.32%
1 Week-2.32%
2 Weeks-25.51%
1 Month-24.16%
3 Month-21.54%
6 Month-55.03%
12 Month-57.43%
2 Year-67.55%
3 Year-81.81%
5 Year-64.8%
10 Year-74.24%
15 Year-40.76%
Volatility
ATR(14)0.35
ATR(20)%10.21%
ATR Inc-34.91%
Range Today0.16
ADR(20)0.28
ADR(20)%9.64%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS4.76
Mansfield-5.16
10 Day High4.47
10 Day Low2.83
20 Day High4.47
20 Day Low2.83
52 Week High8.28
52 Week Low2.83
CS1 EndN/A
CR1 Start3.51
Volume & EV
DER(3)-0.66%
DER(5)1.72%
Volume1.06M
Volume Incr4.38%
Vol(5)1.21M
Vol(50)773.57K