METRO INC/CN (MRU.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:MRU - CA59162N1096 - Common Stock
We assign a technical rating of 2 out of 10 to MRU. MRU has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
Although the technical rating is bad, MRU does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 98.16, a Stop Loss order could be placed below this zone.
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89.37
We found 2 important support areas.
- A support zone ranging from 96.70 to 98.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 90.27 to 92.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 98.39 to 99.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 101.71 to 102.10. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @104.66 from a horizontal line in the daily time frame.
- A resistance zone ranging from 107.04 to 107.96. 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 MRU.CA is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MRU.CA is down. |
| ChartMill Relative Strength | 45.03 | NEUTRAL | MRU.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MRU.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MRU.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of MRU.CA is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.08 | NEUTRAL | The RSI value for MRU.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.15 | NEGATIVE | The MACD value suggests MRU.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 44.75 | NEUTRAL | The Stochastics value for MRU.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.28 | LOW VOLATILITY | The low ATR as a percentage value for MRU.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 19.99 | NEGATIVE | The low ADX value for MRU.CA suggests a weak or negative trend. |
TSX:MRU (1/9/2026, 7:00:00 PM)
98.37
+0.42 (+0.43%)
METRO INC/CN / MRU.CA FAQ
What is the ChartMill technical rating of METRO INC/CN (MRU.CA) stock?
ChartMill assigns a technical rating of 2 / 10 to MRU.CA.
Can you provide the trend direction for METRO INC/CN?
The current trend direction for METRO INC/CN (MRU.CA) is Bearish.
Can you provide the RSI signal for METRO INC/CN?
METRO INC/CN (MRU.CA) has an RSI value of 49.0821. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for METRO INC/CN?
METRO INC/CN (MRU.CA) has a support level at 98.16 and a resistance level at 98.39. Check the full technical report for our detailed analysis of MRU.CA support and resistance levels.