MELCOR DEVELOPMENTS LTD (MRD.CA) Technical Analysis
TSX:MRD • CA5854671032
Current stock price
MRD.CA Technical Rating and Analysis
Overall MRD gets a technical rating of 10 out of 10. 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 11808 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, MRD did better than 78% of all other stocks. We also observe that the gains produced by MRD over the past year are nicely spread over this period.
- MRD is part of the Real Estate Management & Development industry. There are 30 other stocks in this industry. MRD outperforms 96% of them.
- MRD is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so MRD is leading the market.
- In the last month MRD has a been trading in the 16.53 - 18.64 range, which is quite wide. It is currently trading near the high of this range.
MRD.CA Weekly and Daily overview Charts
MRD.CA Setup Rating and Analysis
Although MRD has an excellent technical rating, it does not present a decent entry opportunity 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.
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MRD.CA Support and Resistance Analysis
11.27
5 important support areas can be observed.
- A support zone ranging from 17.10 to 17.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 16.27 to 16.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @15.11 from a horizontal line in the daily time frame.
- A support zone ranging from 14.10 to 14.29. This zone is formed by a combination of multiple trend lines in the daily 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 18.50 to 18.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
MRD.CA Technical Indicator Signal Analysis
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 | 78 | POSITIVE | MRD.CA has a high relative strength, it outperformed 78% 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) | 73.4 | OVERBOUGHT | The high RSI value suggests MRD.CA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests MRD.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 95.3 | OVERBOUGHT | The high Stochastics value suggests MRD.CA may be overbought. |
| Average True Range in percent/ATR (20) | 1.73 | LOW VOLATILITY | The low ATR as a percentage value for MRD.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 31.6 | POSITIVE | The high ADX value value for MRD.CA suggests a strong trend. |
MRD.CA Chart- and CandleStick Pattern Analysis
MRD.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX:MRD (3/19/2026, 7:00:00 PM)
18.49
-0.15 (-0.8%)
MELCOR DEVELOPMENTS LTD / MRD.CA TA FAQ
What is the ChartMill technical rating of MELCOR DEVELOPMENTS LTD (MRD.CA) stock?
ChartMill assigns a technical rating of 10 / 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 73.4035. 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 0.0831544, 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 17.54 and a resistance level at 18.5. Check the full technical report for our detailed analysis of MRD.CA support and resistance levels.