METAL ENERGY CORP (MERG.CA) Stock Technical Analysis
Canada - TSX Venture Exchange - TSX-V:MERG - CA5910882086 - Common Stock
Taking everything into account, MERG scores 8 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MERG is showing a nice and steady performance.
Besides having an excellent technical rating, MERG also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
0.43
We found 1 important support area.
- Support @0.43 from a horizontal 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 | 98.11 | POSITIVE | MERG.CA has a high relative strength, it outperformed 98.11% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of MERG.CA is above a declining 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) | 61.5 | NEUTRAL | The RSI value for MERG.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests MERG.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 70.14 | NEUTRAL | The Stochastics value for MERG.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 8.44 | HIGH VOLATILITY | The high ATR as a percentage value for MERG.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 39.01 | POSITIVE | The high ADX value value for MERG.CA suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 0.49 | 0.42 | 0.07 (14.29%) | 7.00% |
| An entry @0.49. This is a Buy Stop order right above the 10 day high. | An exit @0.42. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.07 points, which is 14.29%. | When investing 7.00% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
TSX-V:MERG (11/21/2025, 7:00:00 PM)
0.465
+0.03 (+5.68%)
METAL ENERGY CORP / MERG.CA FAQ
Can you provide the ChartMill technical rating for METAL ENERGY CORP?
ChartMill assigns a technical rating of 8 / 10 to MERG.CA.
What is the trend direction for MERG stock?
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 61.4957. This indicates that the stock is currently neutral.
Can you provide the MACD signal for METAL ENERGY CORP?
The MACD indicator for METAL ENERGY CORP (MERG.CA) has a value of -0.00829691, indicating a bearish trend.
What is the short term momentum for METAL ENERGY CORP (MERG.CA) stock?
The short term momentum for METAL ENERGY CORP (MERG.CA) is positive.