METAL ENERGY CORP (MERG.CA) Stock Technical Analysis
TSX-V:MERG • CA5910882086
We assign a technical rating of 10 out of 10 to MERG. Both in the recent history as in the last year, MERG has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, MERG did better than 97% of all other stocks.
- MERG is part of the Metals & Mining industry. There are 812 other stocks in this industry. MERG outperforms 94% of them.
- MERG is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so MERG is lagging the market slightly.
- In the last month MERG has a been trading in the 0.75 - 1.15 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, MERG also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.
More info and screens
0.82
When analyzing the support we can see 2 important areas.
- A support zone ranging from 0.88 to 0.88. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @0.83 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 | UP | POSITIVE | The long term trend for MERG.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MERG.CA is up. |
| ChartMill Relative Strength | 97.42 | POSITIVE | MERG.CA has a high relative strength, it outperformed 97.42% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MERG.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MERG.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MERG.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.9 | NEUTRAL | The RSI value for MERG.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests MERG.CA has a positive trend. |
| Stochastics (14,3) | 56.76 | NEUTRAL | The Stochastics value for MERG.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 7.23 | HIGH VOLATILITY | The high ATR as a percentage value for MERG.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 37.63 | POSITIVE | The high ADX value value for MERG.CA suggests a strong trend. |
TSX-V:MERG (2/11/2026, 7:00:00 PM)
1
+0.04 (+4.17%)
METAL ENERGY CORP / MERG.CA FAQ
Can you provide the ChartMill technical rating for METAL ENERGY CORP?
ChartMill assigns a technical rating of 10 / 10 to MERG.CA.
Can you provide the trend direction for METAL ENERGY CORP?
The current trend direction for METAL ENERGY CORP (MERG.CA) is Bullish.
Can you provide the RSI signal for METAL ENERGY CORP?
METAL ENERGY CORP (MERG.CA) has an RSI value of 60.8965. This indicates that the stock is currently neutral.
What is the MACD signal for METAL ENERGY CORP (MERG.CA) stock?
The MACD indicator for METAL ENERGY CORP (MERG.CA) has a value of 0.00568051, indicating a bearish trend.
Can you provide the short term momentum for METAL ENERGY CORP?
The short term momentum for METAL ENERGY CORP (MERG.CA) is positive.