MARTINREA INTERNATIONAL INC (MRE.CA) Stock Technical Analysis
TSX:MRE - CA5734591046 - Common Stock
10.37 CAD
+0.28 (+2.78%)
We assign a technical rating of 8 out of 10 to MRE. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, MRE is only an average performer.
MRE is one of the lesser performing stocks in the Automobile Components industry. 75% of 5 stocks in the same industry do better.
The long and short term trends are both positive. This is looking good!
MRE is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so MRE is lagging the market slightly.
In the last month MRE has a been trading in the 8.16 - 10.38 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
When comparing the performance of all stocks over the past year, MRE turns out to be only a medium performer in the overall market: it outperformed 43% of all stocks.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although MRE 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
8.18
10.47
When analyzing the support we can see 4 important areas.
- A support zone ranging from 9.73 to 9.73. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 9.22 to 9.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 8.72 to 8.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @8.26 from a horizontal line in the daily 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 MRE.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MRE.CA is up. |
| ChartMill Relative Strength | 43.49 | NEUTRAL | MRE.CA is not amongst the best or worst performers 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 | MIXED | The current price of MRE.CA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 78.79 | OVERBOUGHT | The high RSI value suggests MRE.CA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests MRE.CA has a positive trend. |
| Stochastics (14,3) | 96.56 | OVERBOUGHT | The high Stochastics value suggests MRE.CA may be overbought. |
| Average True Range in percent/ATR (20) | 2.72 | MEDIUM VOLATILITY | The ATR as a percentage value for MRE.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 41.13 | POSITIVE | The high ADX value value for MRE.CA suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
TSX:MRE (8/29/2025, 7:00:00 PM)
10.37
+0.28 (+2.78%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobile Components
Performance
% Chg2.78%
1 Week11.15%
2 Weeks8.59%
1 Month24.64%
3 Month23.01%
6 Month29.95%
12 Month-10.91%
2 Year-24.08%
3 Year0.19%
5 Year3.39%
10 Year-11.29%
15 Year34.15%
Volatility
ATR(14)0.34
ATR(20)%2.72%
ATR Inc3.46%
Range Today0.36
ADR(20)0.25
ADR(20)%2.36%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS43.49
Mansfield0.5
10 Day High10.38
10 Day Low9.24
20 Day High10.38
20 Day Low8.16
52 Week High11.91
52 Week Low6.12
CS1 End9.73
CR1 StartN/A
Volume & EV
DER(3)6.51%
DER(5)5.47%
Volume436.83K
Volume Incr141.21%
Vol(5)340.82K
Vol(50)138.59K