MRN Technical Analysis - MERSEN

Technical Rating and Analysis

We assign a technical rating of 9 out of 10 to MRN. Both in the recent history as in the last year, MRN has proven to be a steady performer, scoring decent points in every aspect analyzed.

The long and short term trends are both positive. This is looking good!

MRN is one of the better performing stocks in the Electrical Equipment industry, it outperforms 78% of 61 stocks in the same industry.

MRN is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

In the last month MRN has a been trading in the 24.60 - 27.45 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.

Looking at the yearly performance, MRN did better than 87% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although MRN has an excellent technical rating, it does not present a decent entry opportunity 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

23.27

28.31

We found 2 important support areas.

A support zone ranging from 24.85 to 26.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @23.50 from a horizontal line in the weekly time frame.

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Technical Indicator Signal Analysis

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 MRN.PA is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for MRN.PA is up.
ChartMill Relative Strength	87.31	POSITIVE	MRN.PA has a high relative strength, it outperformed 87.31% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of MRN.PA is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of MRN.PA is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of MRN.PA is above the rising SMA(200).
Relative Strength Index/RSI (14)	68.48	NEUTRAL	The RSI value for MRN.PA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.11	POSITIVE	The MACD value suggests MRN.PA has a positive trend.
Stochastics (14,3)	99.42	OVERBOUGHT	The high Stochastics value suggests MRN.PA may be overbought.
Average True Range in percent/ATR (20)	2.71	MEDIUM VOLATILITY	The ATR as a percentage value for MRN.PA suggests some volalility.
Average Directional Index/ADX (14)	26.65	POSITIVE	The high ADX value value for MRN.PA suggests a strong trend.