MELCOR DEVELOPMENTS LTD (MRD.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:MRD - CA5854671032 - Common Stock
Taking everything into account, MRD scores 5 out of 10 in our technical rating. In the last year, MRD was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
Although the technical rating is only medium, MRD does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 15.09, 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.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
11.27
When analyzing the support we can see 4 important areas.
- A support zone ranging from 14.95 to 15.09. 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 14.48. 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.
We found 1 important resistance area.
- A resistance zone ranging from 15.22 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 | NEUTRAL | NEUTRAL | The short term trend for MRD.CA is neutral. |
| ChartMill Relative Strength | 58.28 | 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) | 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) | 48.19 | 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. |
| Stochastics (14,3) | 24.64 | NEUTRAL | The Stochastics value for MRD.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.08 | LOW VOLATILITY | The low ATR as a percentage value for MRD.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 12.08 | NEGATIVE | The low ADX value for MRD.CA suggests a weak or negative trend. |
TSX:MRD (12/30/2025, 7:00:00 PM)
15.16
-0.02 (-0.13%)
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 5 / 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 48.1931. 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 -0.0410219, 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 15.09 and a resistance level at 15.22. Check the full technical report for our detailed analysis of MRD.CA support and resistance levels.