MELCOR DEVELOPMENTS LTD (MRD.CA) Technical Analysis
TSX:MRD • CA5854671032
Current stock price
MRD.CA Technical Rating and Analysis
Overall MRD gets a technical rating of 10 out of 10. Both in the recent history as in the last year, MRD has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Warning: MRD has an average volume of 9226 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that MRD is one of the better performing stocks in the market, outperforming 76% of all stocks. On top of that, MRD also shows a nice and consistent pattern of rising prices.
- MRD is part of the Real Estate Management & Development industry. There are 29 other stocks in this industry. MRD outperforms 92% of them.
- MRD is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month MRD has a been trading in a tight range between 17.64 and 18.64.
MRD.CA Weekly and Daily overview Charts
MRD.CA Setup Rating and Analysis
MRD has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 18.64. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 18.24, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
MRD.CA Support and Resistance Analysis
11.44
5 important support areas can be observed.
- A support zone ranging from 18.15 to 18.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 16.55 to 16.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @15.11 from a horizontal line in the daily time frame.
- Support @14.10 from a horizontal line in the daily time frame.
- Support @11.56 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- Resistance @18.64 from a horizontal line in the daily time frame.
MRD.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 MRD.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MRD.CA is up. |
| ChartMill Relative Strength | 76.09 | POSITIVE | MRD.CA has a high relative strength, it outperformed 76.09% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MRD.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MRD.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MRD.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.51 | NEUTRAL | The RSI value for MRD.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests MRD.CA has a negative trend. |
| Stochastics (14,3) | 71.42 | NEUTRAL | The Stochastics value for MRD.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.61 | LOW VOLATILITY | The low ATR as a percentage value for MRD.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 15.95 | NEGATIVE | The low ADX value for MRD.CA suggests a weak or negative trend. |
MRD.CA Chart- and CandleStick Pattern Analysis
MRD.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 |
|---|---|---|---|
| 18.26 | 18.14 | 0.12 (0.67%) | 25.00% |
| An entry @18.26. This is a Buy Stop order right above the 10 day moving average. | An exit @18.14. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.12 points, which is 0.67%. | For a 0.17% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of MRD. 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.
MRD.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX:MRD (4/10/2026, 7:00:00 PM)
18.25
-0.12 (-0.65%)
MELCOR DEVELOPMENTS LTD / MRD.CA TA FAQ
What is the ChartMill technical rating of MELCOR DEVELOPMENTS LTD (MRD.CA) stock?
ChartMill assigns a technical rating of 10 / 10 to MRD.CA.
Can you provide the trend direction for MELCOR DEVELOPMENTS LTD?
The current trend direction for MELCOR DEVELOPMENTS LTD (MRD.CA) is Bullish.
What is the RSI signal for MELCOR DEVELOPMENTS LTD (MRD.CA) stock?
MELCOR DEVELOPMENTS LTD (MRD.CA) has an RSI value of 57.5083. This indicates that the stock is currently neutral.
What is the buy/sell signal for MELCOR DEVELOPMENTS LTD (MRD.CA) stock?
The buy/sell signal for MELCOR DEVELOPMENTS LTD (MRD.CA) is buy as both the short term and long term trends are positive.
What is the support and resistance level for MRD stock?
MELCOR DEVELOPMENTS LTD (MRD.CA) has a support level at 18.24 and a resistance level at 18.64. Check the full technical report for our detailed analysis of MRD.CA support and resistance levels.