MORGUARD NORTH AMERICAN RESI (MRG-UN.CA) Stock Technical Analysis
TSX:MRG-UN - Toronto Stock Exchange - CA61761E1007 - REIT - Currency: CAD
We assign a technical rating of 6 out of 10 to MRG-UN. MRG-UN has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
Warning: MRG-UN has an average volume of 23203 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
MRG-UN 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 MRG-UN is lagging the market slightly.
When comparing the performance of all stocks over the past year, MRG-UN turns out to be only a medium performer in the overall market: it outperformed 63% of all stocks.
MRG-UN is an average performer in the Residential REITs industry, it outperforms 53% of 16 stocks in the same industry.
In the last month MRG-UN has a been trading in a tight range between 18.04 and 18.80.
Although the technical rating is only medium, MRG-UN does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 18.27, a Stop Loss order could be placed below this zone.
More info and screens
15.93
19.12
When analyzing the support we can see 2 important areas.
- A support zone ranging from 16.54 to 16.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @16.09 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 18.27 to 18.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @18.93 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 MRG-UN.CA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MRG-UN.CA is neutral. |
| ChartMill Relative Strength | 63.03 | NEUTRAL | MRG-UN.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MRG-UN.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MRG-UN.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of MRG-UN.CA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.07 | NEUTRAL | The RSI value for MRG-UN.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests MRG-UN.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 34.21 | NEUTRAL | The Stochastics value for MRG-UN.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.51 | LOW VOLATILITY | The low ATR as a percentage value for MRG-UN.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 22.72 | NEUTRAL | The ADX value for MRG-UN.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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 18.53 | 18.03 | 0.50 (2.70%) | 25.00% |
| An entry @18.53. This is a Buy Stop order right above the resistance zone. | An exit @18.03. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.50 points, which is 2.70%. | For a 0.67% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
TSX:MRG-UN (7/3/2025, 7:00:00 PM)
18.26
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorReal Estate
GICS IndustryResidential REITs
Performance
% Chg0%
1 Week0%
2 Weeks0.6%
1 Month-0.92%
3 Month12.12%
6 Month4.33%
12 Month17.45%
2 Year11.78%
3 Year8.09%
5 Year17.45%
10 Year82.37%
15 YearN/A
Volatility
ATR(14)0.3
ATR(20)%1.51%
ATR Inc-0.98%
Range Today0.34
ADR(20)0.27
ADR(20)%1.49%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS63.03
Mansfield-0.28
10 Day High18.67
10 Day Low18.04
20 Day High18.8
20 Day Low18.04
52 Week High19.53
52 Week Low14.88
CS1 End18.27
CR1 Start18.33
Volume & EV
DER(3)2.53%
DER(5)2.5%
Volume18.62K
Volume Incr-10.92%
Vol(5)16.81K
Vol(50)23.20K