MELCOR DEVELOPMENTS LTD (MRD.CA) Stock Technical Analysis
TSX:MRD - Toronto Stock Exchange - CA5854671032 - Common Stock - Currency: CAD
We assign a technical rating of 10 out of 10 to MRD. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MRD is showing a nice and steady performance.
Warning: MRD has an average volume of 8782 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!
Looking at the yearly performance, MRD did better than 74% of all other 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 32 other stocks in this industry. MRD outperforms 100% of them.
A new 52 week high is currently being made by MRD, which is a very good signal! Especially since the S&P500 is only trading in the upper part of its 52 week range, so MRD is leading the market.
In the last month MRD has a been trading in the 11.73 - 13.61 range, which is quite wide. It is currently trading near the high of this range.
Although MRD has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
11.27
13.76
3 important support areas can be observed.
- A support zone ranging from 12.99 to 13.12. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 11.60 to 11.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @11.38 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 13.62 to 13.62. 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 | UP | POSITIVE | The short term trend for MRD.CA is up. |
| ChartMill Relative Strength | 74.06 | POSITIVE | MRD.CA has a high relative strength, it outperformed 74.06% 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) | 70.78 | OVERBOUGHT | The high RSI value suggests MRD.CA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests MRD.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 95.63 | OVERBOUGHT | The high Stochastics value suggests MRD.CA may be overbought. |
| Average True Range in percent/ATR (20) | 1.71 | LOW VOLATILITY | The low ATR as a percentage value for MRD.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 22.92 | NEUTRAL | The ADX value for MRD.CA suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
TSX:MRD (5/23/2025, 7:00:00 PM)
13.61
+0.11 (+0.81%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorReal Estate
GICS IndustryReal Estate Management & Development
Performance
% Chg0.81%
1 Week2.72%
2 Weeks10.2%
1 Month15.24%
3 Month6.25%
6 Month4.93%
12 Month15.63%
2 Year20.76%
3 Year-11.8%
5 Year82.68%
10 Year-25.63%
15 Year-1.02%
Volatility
ATR(14)0.24
ATR(20)%1.71%
ATR Inc-35.82%
Range Today0.11
ADR(20)0.2
ADR(20)%1.43%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS74.06
Mansfield0.68
10 Day High13.61
10 Day Low12.14
20 Day High13.61
20 Day Low11.73
52 Week High13.61
52 Week Low11.3
CS1 End13.12
CR1 Start13.62
Volume & EV
DER(3)5.83%
DER(5)2.63%
Volume3.79K
Volume Incr-0.73%
Vol(5)8.43K
Vol(50)8.78K