METAL ENERGY CORP (MERG.CA) Technical Analysis
TSX-V:MERG • CA5910882086
Current stock price
MERG.CA Technical Rating and Analysis
We assign a technical rating of 6 out of 10 to MERG. In the last year, MERG was one of the better performers, but we do observe some doubts in the very recent evolution.
- In the last month MERG has a been trading in the 0.71 - 1.37 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- MERG is part of the Metals & Mining industry. There are 827 other stocks in this industry. MERG outperforms 93% of them.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
- When comparing the yearly performance of all stocks, we notice that MERG is one of the better performing stocks in the market, outperforming 96% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
- MERG is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MERG is lagging the market slightly.
MERG.CA Weekly and Daily overview Charts
MERG.CA Setup Rating and Analysis
MERG 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
MERG.CA Support and Resistance Analysis
0.80
When analyzing the support we notice one important area.
- A support zone ranging from 0.81 to 0.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
MERG.CA Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The short term trend for MERG.CA is down. |
| ChartMill Relative Strength | 96.89 | POSITIVE | MERG.CA has a high relative strength, it outperformed 96.89% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MERG.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of MERG.CA is below 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) | 37.24 | NEUTRAL | The RSI value for MERG.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests MERG.CA has a negative trend. |
| Stochastics (14,3) | 11.62 | OVERSOLD | The low Stochastics value suggests MERG.CA may be oversold. |
| Average True Range in percent/ATR (20) | 11.59 | HIGH VOLATILITY | The high ATR as a percentage value for MERG.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 26.8 | POSITIVE | The high ADX value value for MERG.CA suggests a strong trend. |
MERG.CA Chart- and CandleStick Pattern Analysis
MERG.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX-V:MERG (3/20/2026, 7:00:00 PM)
0.82
-0.01 (-1.2%)
METAL ENERGY CORP / MERG.CA TA FAQ
Can you provide the ChartMill technical rating for METAL ENERGY CORP?
ChartMill assigns a technical rating of 6 / 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 37.2436. 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 -0.0394569, 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 negative.