MERCER INTERNATIONAL INC (MERC) Stock Technical Analysis
NASDAQ:MERC - US5880561015 - Common Stock
3.33 USD
+0.09 (+2.78%)
3.33 USD
0 (0%)
Taking everything into account, MERC scores 1 out of 10 in our technical rating. MERC scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, MERC is a bad performer in the overall market: 92% of all stocks are doing better.
MERC is one of the lesser performing stocks in the Paper & Forest Products industry. 62% of 9 stocks in the same industry do better.
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.
In the last month MERC has a been trading in the 2.59 - 3.38 range, which is quite wide. It is currently trading near the high 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 and the volatility has been reduced.
More info and screens
3.19
6.26
When analyzing the support we notice one important area.
- A support zone ranging from 3.22 to 3.23. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 3.34 to 3.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 3.44 to 3.47. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @3.71 from a trend line in the daily time frame.
- Resistance @6.20 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 | NEUTRAL | NEUTRAL | The short term trend for MERC is neutral. |
| ChartMill Relative Strength | 8.25 | NEGATIVE | MERC has a low relative strength, it was outperformed by 91.75% 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) | 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) | 51.72 | NEUTRAL | The RSI value for MERC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests MERC has a positive trend. |
| Stochastics (14,3) | 88.28 | OVERBOUGHT | The high Stochastics value suggests MERC may be overbought. |
| Average True Range in percent/ATR (20) | 5.91 | HIGH VOLATILITY | The high ATR as a percentage value for MERC suggests high volalility. |
| Average Directional Index/ADX (14) | 23.92 | 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)
3.33
+0.09 (+2.78%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryPaper & Forest Products
Performance
% Chg2.78%
1 Week2.46%
2 Weeks11%
1 Month10.26%
3 Month-6.98%
6 Month-57.63%
12 Month-44.5%
2 Year-63.37%
3 Year-79.47%
5 Year-60.26%
10 Year-70.92%
15 Year-33.13%
Volatility
ATR(14)0.17
ATR(20)%5.91%
ATR Inc-32.76%
Range Today0.15
ADR(20)0.19
ADR(20)%5.8%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.25
Mansfield-4.4
10 Day High3.38
10 Day Low2.94
20 Day High3.39
20 Day Low2.59
52 Week High8.28
52 Week Low2.59
CS1 End3.23
CR1 Start3.34
Volume & EV
DER(3)-0.06%
DER(5)-3.37%
Volume359.10K
Volume Incr-69.31%
Vol(5)424.04K
Vol(50)921.03K