MELCOR DEVELOPMENTS LTD (MRD.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:MRD - CA5854671032 - Common Stock
Taking everything into account, MRD scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, MRD is only an average performer.
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. There is a support zone below the current price at 15.29, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for MRD in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- 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
11.27
4 important support areas can be observed.
- A support zone ranging from 14.91 to 15.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 14.10 to 14.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @11.85 from a trend line in the weekly time frame.
- 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 15.35 to 15.51. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 56.85 | NEUTRAL | MRD.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of MRD.CA is below 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) | 54.26 | NEUTRAL | The RSI value for MRD.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests MRD.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 35.51 | NEUTRAL | The Stochastics value for MRD.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.14 | LOW VOLATILITY | The low ATR as a percentage value for MRD.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 13.44 | NEGATIVE | The low ADX value for MRD.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 |
|---|---|---|---|
| 15.52 | 15.09 | 0.43 (2.77%) | 25.00% |
| An entry @15.52. This is a Buy Stop order right above the resistance zone. | An exit @15.09. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.43 points, which is 2.77%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.69%. |
- 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:MRD (12/24/2025, 7:00:00 PM)
15.3
+0.01 (+0.07%)
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 7 / 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 54.2584. 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 -0.0351997, 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 15.29 and a resistance level at 15.35. Check the full technical report for our detailed analysis of MRD.CA support and resistance levels.