Overall MERC gets a technical rating of 5 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. MERC was also a bad performer in the overall market in the last year.
- When comparing the yearly performance of all stocks, MERC is a bad performer in the overall market: 86% of all stocks are doing better.
- MERC is part of the Paper & Forest Products industry. There are 9 other stocks in this industry, of which 87% are performing better than MERC.
- MERC is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- In the last month MERC has a been trading in the 1.92 - 2.85 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
MERC has an average technical rating and it also does not offer a high 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
2.10
When analyzing the support we notice one important area.
- Support @2.12 from a trend line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 2.79 to 2.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @4.93 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 | NEUTRAL | NEUTRAL | The long term trend for MERC is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MERC is up. |
| ChartMill Relative Strength | 14.03 | NEGATIVE | MERC has a low relative strength, it was outperformed by 85.97% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MERC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MERC is above 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) | 80.3 | OVERBOUGHT | The high RSI value suggests MERC may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests MERC has a positive trend. |
| Stochastics (14,3) | 94.74 | OVERBOUGHT | The high Stochastics value suggests MERC may be overbought. |
| Average True Range in percent/ATR (20) | 4.5 | MEDIUM VOLATILITY | The ATR as a percentage value for MERC suggests some volalility. |
| Average Directional Index/ADX (14) | 39.67 | POSITIVE | The high ADX value value for MERC suggests a strong trend. |
2.79
+0.05 (+1.82%)
MERCER INTERNATIONAL INC / MERC FAQ
What is the technical rating for MERC stock?
ChartMill assigns a technical rating of 5 / 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 80.3011. This indicates that the stock is currently overbought.
Can you provide the support and resistance levels for MERCER INTERNATIONAL INC?
MERCER INTERNATIONAL INC (MERC) has a support level at 2.12 and a resistance level at 2.79. Check the full technical report for our detailed analysis of MERC support and resistance levels.