MERSEN (MRN.PA) Stock Technical Analysis
EPA:MRN - Euronext Paris - Matif - FR0000039620 - Common Stock - Currency: EUR
Taking everything into account, MRN scores 6 out of 10 in our technical rating. In the last year, MRN was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Although the technical rating is only medium, MRN does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 21.34, 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
19.85
When analyzing the support we can see 2 important areas.
- A support zone ranging from 21.08 to 21.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 20.05 to 20.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 23.10 to 23.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 MRN.PA is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MRN.PA is up. |
| ChartMill Relative Strength | 11.84 | NEGATIVE | MRN.PA has a low relative strength, it was outperformed by 88.16% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of MRN.PA is below 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) | DOWN | MIXED | The current price of MRN.PA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.05 | NEUTRAL | The RSI value for MRN.PA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests MRN.PA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 58.26 | NEUTRAL | The Stochastics value for MRN.PA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.04 | MEDIUM VOLATILITY | The ATR as a percentage value for MRN.PA suggests some volalility. |
| Average Directional Index/ADX (14) | 16.95 | NEGATIVE | The low ADX value for MRN.PA suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 22.26 | 21.24 | 1.02 (4.58%) | 21.82% |
| An entry @22.26. This is a Buy Stop order right above the 10 day high. | An exit @21.24. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.02 points, which is 4.58%. | For a 1.00% total portfolio risk, you can invest 21.82% 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.
EPA:MRN (7/24/2025, 5:29:44 PM)
21.825
-0.12 (-0.57%)