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 7 out of 10 to MERG. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- Looking at the yearly performance, MERG did better than 97% of all other stocks.
- MERG is part of the Metals & Mining industry. There are 803 other stocks in this industry. MERG outperforms 94% of them.
- In the last month MERG has a been trading in the 0.67 - 0.96 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.
MERG.CA Weekly and Daily overview Charts
MERG.CA Setup Rating and Analysis
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 a support zone below the current price at 0.83, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for MERG in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
MERG.CA Support and Resistance Analysis
0.75
When analyzing the support we can see 4 important areas.
- A support zone ranging from 0.86 to 0.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 0.83 to 0.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.81 from a trend line in the daily time frame.
- Support @0.76 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 0.94 to 0.95. 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 | NEUTRAL | NEUTRAL | The short term trend for MERG.CA is neutral. |
| ChartMill Relative Strength | 97.69 | POSITIVE | MERG.CA has a high relative strength, it outperformed 97.69% 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 | NEGATIVE | The current price of MERG.CA is below a declining 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) | 47.93 | 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, although the MACD value is declining. |
| Stochastics (14,3) | 52.06 | NEUTRAL | The Stochastics value for MERG.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 6.89 | HIGH VOLATILITY | The high ATR as a percentage value for MERG.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 13.41 | NEGATIVE | The low ADX value for MERG.CA suggests a weak or negative trend. |
MERG.CA Chart- and CandleStick Pattern Analysis
MERG.CA Example Setup
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 |
|---|---|---|---|
| 0.87 | 0.82 | 0.05 (5.75%) | 17.40% |
| An entry @0.87. This is a Buy Stop order right above the resistance zone. | An exit @0.82. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.05 points, which is 5.75%. | When investing 17.40% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of MERG. Please evaluate whether better entry and exit points can be found.
- 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.
MERG.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX-V:MERG (4/29/2026, 7:00:00 PM)
0.88
0 (0%)
METAL ENERGY CORP / MERG.CA TA FAQ
Can you provide the ChartMill technical rating for METAL ENERGY CORP?
ChartMill assigns a technical rating of 7 / 10 to MERG.CA.
What is the current trend direction of METAL ENERGY CORP (MERG.CA) stock?
The current trend direction for METAL ENERGY CORP (MERG.CA) is Bullish.
What is the RSI signal for MERG stock?
METAL ENERGY CORP (MERG.CA) has an RSI value of 47.9271. This indicates that the stock is currently neutral.
What is the MACD signal for MERG stock?
The MACD indicator for METAL ENERGY CORP (MERG.CA) has a value of 0.0026462, indicating a bearish trend.
What is the support and resistance level for MERG stock?
METAL ENERGY CORP (MERG.CA) has a support level at 0.83 and a resistance level at 0.86. Check the full technical report for our detailed analysis of MERG.CA support and resistance levels.