MELCOR DEVELOPMENTS LTD (MRD.CA) Stock Technical Analysis
TSX:MRD • CA5854671032
Overall MRD gets a technical rating of 8 out of 10. Although MRD is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- Warning: MRD has an average volume of 10536 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!
- MRD is one of the better performing stocks in the Real Estate Management & Development industry, it outperforms 90% of 31 stocks in the same industry.
- MRD is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month MRD has a been trading in the 15.84 - 16.94 range, which is quite wide. It is currently trading near the high of this range.
- When comparing the performance of all stocks over the past year, MRD turns out to be only a medium performer in the overall market: it outperformed 62% of all stocks.
- Volume is considerably higher in the last couple of days.
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
7 important support areas can be observed.
- A support zone ranging from 15.76 to 15.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 15.11 to 15.14. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @14.71 from a trend line in the daily time frame.
- A support zone ranging from 14.44 to 14.46. 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 @11.90 from a trend line in the weekly time frame.
- Support @11.38 from a horizontal line in the weekly time frame.
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 | 62.91 | 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) | 77.9 | OVERBOUGHT | The high RSI value suggests MRD.CA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests MRD.CA has a positive trend. |
| Stochastics (14,3) | 89.88 | OVERBOUGHT | The high Stochastics value suggests MRD.CA may be overbought. |
| Average True Range in percent/ATR (20) | 1.22 | LOW VOLATILITY | The low ATR as a percentage value for MRD.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 17.08 | NEGATIVE | The low ADX value for MRD.CA suggests a weak or negative trend. |
TSX:MRD (2/19/2026, 7:00:00 PM)
16.79
-0.06 (-0.36%)
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 8 / 10 to MRD.CA.
What is the trend direction for MRD 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 77.9017. This indicates that the stock is currently overbought.
Can you provide the MACD signal for MELCOR DEVELOPMENTS LTD?
The MACD indicator for MELCOR DEVELOPMENTS LTD (MRD.CA) has a value of 0.0231442, indicating a bearish trend.
Can you provide the support and resistance levels for MELCOR DEVELOPMENTS LTD?
MELCOR DEVELOPMENTS LTD (MRD.CA) has a support level at 15.88. Check the full technical report for our detailed analysis of MRD.CA support and resistance levels.