MELCOR DEVELOPMENTS LTD (MRD.CA) Stock Technical Analysis
TSX:MRD - Toronto Stock Exchange - CA5854671032 - Common Stock - Currency: CAD
We assign a technical rating of 6 out of 10 to MRD. 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.
Although the technical rating is only medium, MRD does present a nice setup opportunity. 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 14.31. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 14.28, a Stop Loss order could be placed below this zone.
More info and screens
11.27
We found 5 important support areas.
- A support zone ranging from 13.91 to 14.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 13.64 to 13.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Strong support @12.99 from a horizontal line in the daily time frame.
- Support @11.74 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 14.31 to 14.45. 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 | NEUTRAL | NEUTRAL | The short term trend for MRD.CA is neutral. |
| ChartMill Relative Strength | 56.12 | NEUTRAL | MRD.CA is not amongst the best or worst performers 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) | 54.94 | 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, although the MACD value is rising. |
| Stochastics (14,3) | 73.81 | NEUTRAL | The Stochastics value for MRD.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.26 | LOW VOLATILITY | The low ATR as a percentage value for MRD.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 13.7 | 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 |
|---|---|---|---|
| 14.46 | 13.55 | 0.91 (6.29%) | 15.89% |
| An entry @14.46. This is a Buy Stop order right above the resistance zone. | An exit @13.55. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.91 points, which is 6.29%. | For a 1.00% total portfolio risk, you can invest 15.89% of your capital in this trade. |
- 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 (8/11/2025, 7:00:00 PM)
14.29
+0.09 (+0.63%)