MELCOR REAL ESTATE INVESTMEN (MR-UN.CA) Stock Technical Analysis
Canada - TSX:MR-UN - CA58546R1091 - REIT
Overall MR-UN gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MR-UN is showing a nice and steady performance.
MR-UN has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 5.50. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 5.47, a Stop Loss order could be placed below this zone.
More info and screens
3.55
When analyzing the support we can see 3 important areas.
- A support zone ranging from 5.27 to 5.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @4.84 from a horizontal line in the weekly time frame.
- Support @3.59 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 5.50 to 5.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 MR-UN.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MR-UN.CA is up. |
| ChartMill Relative Strength | 91.22 | POSITIVE | MR-UN.CA has a high relative strength, it outperformed 91.22% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MR-UN.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MR-UN.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MR-UN.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.39 | NEUTRAL | The RSI value for MR-UN.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests MR-UN.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 97.43 | OVERBOUGHT | The high Stochastics value suggests MR-UN.CA may be overbought. |
| Average True Range in percent/ATR (20) | 0.61 | LOW VOLATILITY | The low ATR as a percentage value for MR-UN.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 16.99 | NEGATIVE | The low ADX value for MR-UN.CA suggests a weak or negative 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 |
|---|---|---|---|
| 5.52 | 5.38 | 0.14 (2.54%) | 25.00% |
| An entry @5.52. This is a Buy Stop order right above the resistance zone. | An exit @5.38. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.14 points, which is 2.54%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.63%. |
- 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:MR-UN (4/24/2025, 7:00:00 PM)
5.49
-0.01 (-0.18%)
MELCOR REAL ESTATE INVESTMEN / MR-UN.CA FAQ
What is the technical rating for MR-UN stock?
ChartMill assigns a technical rating of 9 / 10 to MR-UN.CA.
Can you provide the trend direction for MELCOR REAL ESTATE INVESTMEN?
The current trend direction for MELCOR REAL ESTATE INVESTMEN (MR-UN.CA) is Bullish.
What is the RSI signal for MR-UN stock?
MELCOR REAL ESTATE INVESTMEN (MR-UN.CA) has an RSI value of 60.3869. This indicates that the stock is currently neutral.
What is the buy/sell signal for MR-UN stock?
The buy/sell signal for MELCOR REAL ESTATE INVESTMEN (MR-UN.CA) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for MELCOR REAL ESTATE INVESTMEN?
MELCOR REAL ESTATE INVESTMEN (MR-UN.CA) has a support level at 5.47 and a resistance level at 5.5. Check the full technical report for our detailed analysis of MR-UN.CA support and resistance levels.