MARTINREA INTERNATIONAL INC (MRE.CA) Stock Technical Analysis
TSX:MRE - Toronto Stock Exchange - CA5734591046 - Common Stock - Currency: CAD
We assign a technical rating of 5 out of 10 to MRE. Recently some decent action could be observed, but in the medium term time frame this is still negative. MRE was also a bad performer in the overall market in the last year.
MRE has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 8.44. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 8.14, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for MRE in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- 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
7.67
We found 2 important support areas.
- A support zone ranging from 8.00 to 8.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 7.75 to 7.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 8.44 to 8.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @9.22 from a trend 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 | NEUTRAL | NEUTRAL | The long term trend for MRE.CA is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MRE.CA is up. |
| ChartMill Relative Strength | 20.39 | NEGATIVE | MRE.CA has a low relative strength, it was outperformed by 79.61% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MRE.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MRE.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MRE.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 61.53 | NEUTRAL | The RSI value for MRE.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests MRE.CA has a positive trend. |
| Stochastics (14,3) | 66.55 | NEUTRAL | The Stochastics value for MRE.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 4.22 | MEDIUM VOLATILITY | The ATR as a percentage value for MRE.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 34.18 | POSITIVE | The high ADX value value for MRE.CA suggests a strong trend. |
TSX:MRE (5/30/2025, 7:00:00 PM)
8.43
-0.1 (-1.17%)