MRU Technical Analysis - METRO INC/CN

Technical Rating and Analysis

Taking everything into account, MRU scores 0 out of 10 in our technical rating. MRU's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

68% of all other stocks performed better in the past year than MRU.

MRU is part of the Consumer Staples Distribution & Retail industry. There are 17 other stocks in this industry, of which 75% are performing better than MRU.

In the last month MRU has a been trading in the 94.88 - 102.71 range, which is quite wide. It is currently trading near the lows of this range.

MRU is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MRU is lagging the market.

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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

MRU has a bad 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 very little resistance above the current price. There is a support zone below the current price at 96.70, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

94.62

109.04

When analyzing the support we notice one important area.

A support zone ranging from 95.58 to 96.70. This zone is formed by a combination of multiple trend lines in multiple time frames.

2 important resistance areas can be observed.

Resistance @104.66 from a horizontal line in the daily time frame.
A resistance zone ranging from 106.99 to 107.96. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

Support and Resistance indicators

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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	DOWN	NEGATIVE	The long term trend for MRU.CA is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for MRU.CA is down.
ChartMill Relative Strength	32.02	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)	DOWN	NEGATIVE	The current price of MRU.CA is below a declining 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)	38.31	NEUTRAL	The RSI value for MRU.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.04	NEGATIVE	The MACD value suggests MRU.CA has a negative trend, although the MACD value is rising.
Stochastics (14,3)	21.56	NEUTRAL	The Stochastics value for MRU.CA is a neutral value.
Average True Range in percent/ATR (20)	1.5	LOW VOLATILITY	The low ATR as a percentage value for MRU.CA suggests low volalility.
Average Directional Index/ADX (14)	34.88	POSITIVE	The high ADX value value for MRU.CA suggests a strong trend.