METAL ENERGY CORP (MERG.CA) Stock Technical Analysis
TSX-V:MERG - TSX Venture Exchange - CA5910881096 - Common Stock - Currency: CAD
Taking everything into account, MERG scores 1 out of 10 in our technical rating. MERG 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, MERG is a bad performer in the overall market: 79% of all stocks are doing better.
MERG is part of the Metals & Mining industry. There are 805 other stocks in this industry, of which 63% are performing better than MERG.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
In the last month MERG has a been trading in the 0.01 - 0.03 range, which is quite wide. It is currently trading near the high of this range.
MERG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MERG is lagging the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
MERG has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 0.02, a Stop Loss order could be placed below this zone.
More info and screens
0.02
0.04
We found 1 important support area.
- A support zone ranging from 0.02 to 0.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 0.03 to 0.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @0.04 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 MERG.CA is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MERG.CA is neutral. |
| ChartMill Relative Strength | 21.9 | NEGATIVE | MERG.CA has a low relative strength, it was outperformed by 78.1% 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) | DOWN | MIXED | The current price of MERG.CA is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of MERG.CA is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.69 | NEUTRAL | The RSI value for MERG.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests MERG.CA has a positive trend. |
| Stochastics (14,3) | 83.33 | OVERBOUGHT | The high Stochastics value suggests MERG.CA may be overbought. |
| Average True Range in percent/ATR (20) | 11 | HIGH VOLATILITY | The high ATR as a percentage value for MERG.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 20.41 | NEUTRAL | The ADX value for MERG.CA 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)
TSX-V:MERG (7/14/2025, 7:00:00 PM)
0.025
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg0%
1 Week25%
2 Weeks25%
1 Month25%
3 Month-28.57%
6 Month-37.5%
12 Month25%
2 Year-58.33%
3 Year-64.29%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0
ATR(20)%11%
ATR Inc-30%
Range Today0
ADR(20)0
ADR(20)%4%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS21.9
Mansfield-0.88
10 Day High0.03
10 Day Low0.02
20 Day High0.03
20 Day Low0.02
52 Week High0.05
52 Week Low0.01
CS1 End0.02
CR1 Start0.03
Volume & EV
DER(3)0%
DER(5)0%
Volume30.00K
Volume Incr-45.64%
Vol(5)44.80K
Vol(50)71.88K