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 8 out of 10 to MRG-UN. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, MRG-UN is only an average performer.
Both the short term and long term trends are positive. This is a very positive sign.
MRG-UN is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so MRG-UN is performing more or less in line with the market.
In the last month MRG-UN has a been trading in the 17.14 - 18.75 range, which is quite wide. It is currently trading near the high of this range.
When compared to the yearly performance of all other stocks, MRG-UN outperforms 69% of them, which is more or less in line with the market.
MRG-UN is an average performer in the Residential REITs industry, it outperforms 60% of 16 stocks in the same industry.
Considerably lower volume is observed in the last couple of days.
Although MRG-UN has an excellent technical rating, the quality of the presented setup is not ideal 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
15.93
19.12
We found 6 important support areas.
- A support zone ranging from 18.27 to 18.40. 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 17.72 to 17.84. 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 17.20 to 17.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @16.80 from a horizontal line in the daily time frame.
- Support @16.39 from a trend line in the weekly time frame.
- Support @16.09 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 18.46 to 18.52. This zone is formed by a combination of multiple trend lines in the daily time frame.
- 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 | UP | POSITIVE | The short term trend for MRG-UN.CA is up. |
| ChartMill Relative Strength | 69.99 | NEUTRAL | MRG-UN.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MRG-UN.CA is above the rising 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) | UP | POSITIVE | The current price of MRG-UN.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 66.82 | NEUTRAL | The RSI value for MRG-UN.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests MRG-UN.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 79.92 | NEUTRAL | The Stochastics value for MRG-UN.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.79 | LOW VOLATILITY | The low ATR as a percentage value for MRG-UN.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 22.11 | 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 |
|---|---|---|---|
| 18.76 | 17.17 | 1.59 (8.48%) | 11.80% |
| An entry @18.76. This is a Buy Stop order right above the 10 day high. | An exit @17.17. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.59 points, which is 8.48%. | For a 1.00% total portfolio risk, you can invest 11.80% 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 (6/6/2025, 7:00:00 PM)
18.42
+0.02 (+0.11%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorReal Estate
GICS IndustryResidential REITs
Performance
% Chg0.11%
1 Week0.93%
2 Weeks7.09%
1 Month6.11%
3 Month6.91%
6 Month-0.49%
12 Month17.77%
2 Year9.32%
3 Year12.45%
5 Year26.25%
10 Year88.34%
15 YearN/A
Volatility
ATR(14)0.34
ATR(20)%1.79%
ATR Inc-43.59%
Range Today0.13
ADR(20)0.32
ADR(20)%1.72%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS69.99
Mansfield0.11
10 Day High18.75
10 Day Low17.18
20 Day High18.75
20 Day Low17.14
52 Week High19.53
52 Week Low14.75
CS1 End17.79
CR1 StartN/A
Volume & EV
DER(3)5.63%
DER(5)10.37%
Volume5.47K
Volume Incr-66.49%
Vol(5)10.04K
Vol(50)34.38K