MARTINREA INTERNATIONAL INC (MRE.CA) Stock Technical Analysis
TSX:MRE - Toronto Stock Exchange - CA5734591046 - Common Stock - Currency: CAD
Taking everything into account, MRE scores 4 out of 10 in our technical rating. In the last year, MRE was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
When comparing the yearly performance of all stocks, MRE is a bad performer in the overall market: 84% of all stocks are doing better.
MRE is one of the lesser performing stocks in the Automobile Components industry. 100% of 5 stocks in the same industry do better.
In the last month MRE has a been trading in the 8.41 - 9.06 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been consolidating recently, but much resistance may still be present above.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
MRE is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MRE is lagging the market.
Considerably lower volume is observed in the last couple of days.
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 support zone below the current price at 8.43, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
8.26
9.16
When analyzing the support we notice one important area.
- A support zone ranging from 8.34 to 8.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 8.46 to 8.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @9.07 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 | NEUTRAL | NEUTRAL | The long term trend for MRE.CA is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MRE.CA is neutral. |
| ChartMill Relative Strength | 16.85 | NEGATIVE | MRE.CA has a low relative strength, it was outperformed by 83.15% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MRE.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of MRE.CA is below 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) | 45.65 | NEUTRAL | The RSI value for MRE.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests MRE.CA has a negative trend. |
| Stochastics (14,3) | 20.42 | NEUTRAL | The Stochastics value for MRE.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.15 | MEDIUM VOLATILITY | The ATR as a percentage value for MRE.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 20.58 | NEUTRAL | The ADX value for MRE.CA suggests a possible start of a new 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 (7/29/2025, 7:00:00 PM)
8.44
-0.14 (-1.63%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobile Components
Performance
% Chg-1.63%
1 Week-1.29%
2 Weeks-1.17%
1 Month-0.47%
3 Month8.9%
6 Month-3.98%
12 Month-22.28%
2 Year-42.86%
3 Year-9.64%
5 Year-15.26%
10 Year-37.48%
15 Year2.3%
Volatility
ATR(14)0.16
ATR(20)%2.15%
ATR Inc-6.08%
Range Today0.2
ADR(20)0.17
ADR(20)%2.06%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS16.85
Mansfield-1.55
10 Day High8.78
10 Day Low8.41
20 Day High9.06
20 Day Low8.41
52 Week High11.91
52 Week Low6.12
CS1 End8.43
CR1 Start8.46
Volume & EV
DER(3)-1.43%
DER(5)-2.26%
Volume76.43K
Volume Incr4.37%
Vol(5)90.56K
Vol(50)145.99K