MERCER INTERNATIONAL INC (MERC) Stock Technical Analysis
USA - NASDAQ:MERC - US5880561015 - Common Stock
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 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.
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1.82
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 2.31 to 2.32. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @2.49 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 | 2.87 | NEGATIVE | MERC has a low relative strength, it was outperformed by 97.13% 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) | 25.19 | OVERSOLD | The low RSI value suggests MERC may be oversold. |
| 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) | 12.11 | OVERSOLD | The low Stochastics value suggests MERC may be oversold. |
| Average True Range in percent/ATR (20) | 8.6 | HIGH VOLATILITY | The high ATR as a percentage value for MERC suggests high volalility. |
| Average Directional Index/ADX (14) | 36.97 | POSITIVE | The high ADX value value for MERC suggests a strong trend. |
1.84
-0.04 (-2.13%)
MERCER INTERNATIONAL INC / MERC FAQ
What is the technical rating for MERC stock?
ChartMill assigns a technical rating of 0 / 10 to MERC.
What is the current trend direction of MERCER INTERNATIONAL INC (MERC) stock?
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 25.185. This indicates that the stock is currently oversold.
What is the MACD signal for MERC stock?
The MACD indicator for MERCER INTERNATIONAL INC (MERC) has a value of -0.043229, indicating a bearish trend.
What is the buy/sell signal for MERC stock?
The buy/sell signal for MERCER INTERNATIONAL INC (MERC) is sell as both the short term and long term trends are negative.