METRO INC/CN (MRU.CA) Stock Technical Analysis
TSX:MRU - Toronto Stock Exchange - CA59162N1096 - Common Stock - Currency: CAD
Overall MRU gets a technical rating of 9 out of 10. Both in the recent history as in the last year, MRU has proven to be a steady performer, scoring decent points in every aspect analyzed.
Besides having an excellent technical rating, MRU also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 104.12, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for MRU in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- 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.
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89.37
When analyzing the support we can see 4 important areas.
- A support zone ranging from 101.39 to 104.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @98.73 from a trend line in the daily time frame.
- Support @96.39 from a trend line in the weekly time frame.
- Support @90.27 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 105.21 to 107.96. This zone is formed by a combination of multiple trend lines and important moving averages 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 | UP | POSITIVE | The long term trend for MRU.CA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MRU.CA is neutral. |
| ChartMill Relative Strength | 82.11 | POSITIVE | MRU.CA has a high relative strength, it outperformed 82.11% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of MRU.CA is below the rising 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 | POSITIVE | The current price of MRU.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.29 | NEUTRAL | The RSI value for MRU.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.41 | NEGATIVE | The MACD value suggests MRU.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 16.78 | OVERSOLD | The low Stochastics value suggests MRU.CA may be oversold. |
| Average True Range in percent/ATR (20) | 1.53 | LOW VOLATILITY | The low ATR as a percentage value for MRU.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 15.64 | NEGATIVE | The low ADX value for MRU.CA 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 |
|---|---|---|---|
| 105.22 | 103.39 | 1.83 (1.74%) | 25.00% |
| An entry @105.22. This is a Buy Stop order right above the 10 day moving average. | An exit @103.39. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.83 points, which is 1.74%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.43%. |
- The distance between exit and entry is rather small compared to the average daily movement of MRU. Please evaluate whether better entry and exit points can be found.
- 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.
TSX:MRU (6/13/2025, 7:00:00 PM)
104.34
-0.42 (-0.4%)