MRN Technical Analysis - MERSEN

Technical Rating and Analysis

We assign a technical rating of 5 out of 10 to MRN. In the past year, MRN was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.

When comparing the yearly performance of all stocks, MRN is a bad performer in the overall market: 92% of all stocks are doing better.

MRN is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

In the last month MRN has a been trading in the 19.68 - 21.45 range, which is quite wide. It is currently trading near the high of this range.

The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.

MRN is part of the Electrical Equipment industry. There are 56 other stocks in this industry, MRN did better than 45% of them.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

Setup Rating and Analysis

MRN has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 20.58, a Stop Loss order could be placed below this zone.

More info and screens

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

19.90

23.48

We found 1 important support area.

A support zone ranging from 20.10 to 20.58. This zone is formed by a combination of multiple trend lines and important moving averages 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.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

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	DOWN	NEGATIVE	The long term trend for MRN.PA is down.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for MRN.PA is up.
ChartMill Relative Strength	8.25	NEGATIVE	MRN.PA has a low relative strength, it was outperformed by 91.75% 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)	DOWN	NEGATIVE	The current price of MRN.PA is below a declining SMA(200).
Relative Strength Index/RSI (14)	57.8	NEUTRAL	The RSI value for MRN.PA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.02	POSITIVE	The MACD value suggests MRN.PA has a positive trend.
Stochastics (14,3)	72.62	NEUTRAL	The Stochastics value for MRN.PA is a neutral value.
Average True Range in percent/ATR (20)	2.55	MEDIUM VOLATILITY	The ATR as a percentage value for MRN.PA suggests some volalility.
Average Directional Index/ADX (14)	13.6	NEGATIVE	The low ADX value for MRN.PA suggests a weak or negative trend.