MELCOR REAL ESTATE INVESTMEN (MR-UN.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:MR-UN - CA58546R1091 - REIT
Taking everything into account, MR-UN scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, MR-UN has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, MR-UN did better than 91% of all other stocks.
- MR-UN is part of the Diversified REITs industry. There are 37 other stocks in this industry. MR-UN outperforms 100% of them.
- A new 52 week high is currently being made by MR-UN, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month MR-UN has a been trading in a tight range between 5.30 and 5.50.
- Volume is considerably higher in the last couple of days.
Besides having an excellent technical rating, MR-UN 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.
When analyzing the resistance we notice one important 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%. | For a 0.63% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
What is the current trend direction of MELCOR REAL ESTATE INVESTMEN (MR-UN.CA) stock?
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 MACD signal for MELCOR REAL ESTATE INVESTMEN (MR-UN.CA) stock?
The MACD indicator for MELCOR REAL ESTATE INVESTMEN (MR-UN.CA) has a value of 0.00323545, indicating a bearish trend.
What is the support and resistance level for MR-UN stock?
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.