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METRO INC/CN (MRU.CA) Stock Technical Analysis

TSX:MRU - Toronto Stock Exchange - CA59162N1096 - Common Stock - Currency: CAD

91.44  -0.96 (-1.04%)

Technical Rating and Analysis

8

We assign a technical rating of 8 out of 10 to MRU. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MRU is showing a nice and steady performance.

The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, MRU did better than 74% of all other stocks. We also observe that the gains produced by MRU over the past year are nicely spread over this period.
MRU is part of the Consumer Staples Distribution & Retail industry. There are 19 other stocks in this industry. MRU outperforms 77% of them.
MRU is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so MRU is lagging the market slightly.
In the last month MRU has a been trading in the 87.76 - 93.97 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
Weekly and Daily overview Charts
METRO INC/CN / MRU Weekly stock chart
METRO INC/CN / MRU Daily stock chart
Setup Rating and Analysis

10

Besides having an excellent technical rating, MRU also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 92.06. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 91.43, 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.
Support and Resistance Analysis

80.89

94.57

When analyzing the support we can see 3 important areas.

  • A support zone ranging from 88.83 to 91.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 85.76 to 85.99. This zone is formed by a combination of multiple trend lines in the daily time frame.
  • A support zone ranging from 81.71 to 82.50. This zone is formed by a combination of multiple trend lines in multiple time frames.

We found 1 important resistance area.

  • A resistance zone ranging from 92.06 to 93.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS74.79
Mansfield0.24
10 Day High93.98
10 Day Low89.13
20 Day High93.98
20 Day Low87.76
52 Week High94.86
52 Week Low69.19
Performance
1 Week-0.32%
2 Weeks0.69%
1 Month0.94%
3 Month5.74%
6 Month8.97%
12 Month28.75%
2 Year29.03%
3 Year38.21%
5 Year74.9%
10 Year163.36%
15 Year1918.55%
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0.03
RSI(14)50.49
LBB89.43
UBB93.73
Example Setup

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.

ENTRYEXITDISTANCECAPITAL
93.6489.124.52 (4.83%)20.72%
An entry @93.64. This is a Buy Stop order right above the resistance zone.An exit @89.12. This is a Stop Loss order right below the 10 day low.The worst case loss on the trade is limited to 4.52 points, which is 4.83%.When investing 20.72% of your capital in this trade, your total portfolio risk will be 1.00%.

  • 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.
METRO INC/CN / MRU Daily stock chart

METRO INC/CN

TSX:MRU (2/14/2025, 7:00:00 PM)

91.44

-0.96 (-1.04%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryConsumer Staples Distribution & Retail
Performance
% Chg-1.04%
1 Week-0.32%
2 Weeks0.69%
1 Month0.94%
3 Month5.74%
6 Month8.97%
12 Month28.75%
2 Year29.03%
3 Year38.21%
5 Year74.9%
10 Year163.36%
15 Year1918.55%
Volatility
ATR(14)1.99
ATR(20)%1.94%
ATR Inc-0.39%
Range Today1.45
ADR(20)1.7
ADR(20)%1.85%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS74.79
Mansfield0.24
10 Day High93.98
10 Day Low89.13
20 Day High93.98
20 Day Low87.76
52 Week High94.86
52 Week Low69.19
CS1 End91.43
CR1 Start92.06
Volume & EV
DER(3)5.89%
DER(5)4.47%
Volume202.15K
Volume Incr6.65%
Vol(5)461.15K
Vol(50)443.59K