MELCOR DEVELOPMENTS LTD (MRD.CA) Stock Technical Analysis
Canada - TSX:MRD - CA5854671032 - Common Stock
Overall MRD gets a technical rating of 2 out of 10. In the last year, MRD was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
MRD has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 14.35, a Stop Loss order could be placed below this zone.
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11.27
When analyzing the support we can see 4 important areas.
- A support zone ranging from 14.35 to 14.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @14.10 from a horizontal line in the daily time frame.
- Support @11.87 from a trend line in the weekly time frame.
- Support @11.38 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 14.44 to 14.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 15.37 to 15.51. 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 MRD.CA is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MRD.CA is down. |
| ChartMill Relative Strength | 41.79 | NEUTRAL | MRD.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MRD.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MRD.CA is below a declining 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) | 36.88 | NEUTRAL | The RSI value for MRD.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests MRD.CA has a negative trend. |
| Stochastics (14,3) | 22.49 | NEUTRAL | The Stochastics value for MRD.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.86 | LOW VOLATILITY | The low ATR as a percentage value for MRD.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 33.11 | POSITIVE | The high ADX value value for MRD.CA suggests a strong trend. |
TSX:MRD (11/4/2025, 7:00:00 PM)
14.36
-0.14 (-0.97%)
MELCOR DEVELOPMENTS LTD / MRD.CA FAQ
What is the ChartMill technical rating of MELCOR DEVELOPMENTS LTD (MRD.CA) stock?
ChartMill assigns a technical rating of 2 / 10 to MRD.CA.
What is the current trend direction of MELCOR DEVELOPMENTS LTD (MRD.CA) stock?
The current trend direction for MELCOR DEVELOPMENTS LTD (MRD.CA) is Bullish.
What is the RSI signal for MRD stock?
MELCOR DEVELOPMENTS LTD (MRD.CA) has an RSI value of 36.8771. This indicates that the stock is currently neutral.
What is the MACD signal for MELCOR DEVELOPMENTS LTD (MRD.CA) stock?
The MACD indicator for MELCOR DEVELOPMENTS LTD (MRD.CA) has a value of -0.0181668, indicating a bearish trend.
What are the support and resistance levels for MELCOR DEVELOPMENTS LTD (MRD.CA) stock?
MELCOR DEVELOPMENTS LTD (MRD.CA) has a support level at 14.35 and a resistance level at 14.44. Check the full technical report for our detailed analysis of MRD.CA support and resistance levels.