TSX:MRE - Toronto Stock Exchange - CA5734591046 - Common Stock - Currency: CAD
Taking everything into account, MRE scores 5 out of 10 in our technical rating. 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.
Although the technical rating is only medium, MRE does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 8.25, a Stop Loss order could be placed below this zone.
8.17
When analyzing the support we notice one important area.
3 important resistance areas can be observed.
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 | 25.3 | NEGATIVE | MRE.CA has a low relative strength, it was outperformed by 74.7% 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) | 56.57 | NEUTRAL | The RSI value for MRE.CA is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests MRE.CA has a negative trend, although the MACD value is rising. |
Stochastics (14,3) | 34.8 | NEUTRAL | The Stochastics value for MRE.CA is a neutral value. |
Average True Range in percent/ATR (20) | 3.01 | MEDIUM VOLATILITY | The ATR as a percentage value for MRE.CA suggests some volalility. |
Average Directional Index/ADX (14) | 32.98 | POSITIVE | The high ADX value value for MRE.CA suggests a strong trend. |
TSX:MRE (6/24/2025, 7:00:00 PM)
8.51
+0.09 (+1.07%)