MRU Technical Analysis - METRO INC/CN

Technical Rating and Analysis

We assign a technical rating of 0 out of 10 to MRU. 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.

When comparing the yearly performance of all stocks, MRU is a bad performer in the overall market: 79% of all stocks are doing better.

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.

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.

In the last month MRU has a been trading in a tight range between 92.00 and 97.31.

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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

Although the technical rating is bad, MRU does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 92.94, 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

88.81

108.06

We found 2 important support areas.

A support zone ranging from 92.10 to 92.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @89.71 from a horizontal line in the daily time frame.

When analyzing the resistance we notice 2 important areas.

A resistance zone ranging from 93.52 to 93.94. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A resistance zone ranging from 104.66 to 106.99. 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

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 MRU.CA is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for MRU.CA is down.
ChartMill Relative Strength	21.3	NEGATIVE	MRU.CA has a low relative strength, it was outperformed by 78.7% off all stocks 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)	DOWN	NEGATIVE	The current price of MRU.CA is below a declining SMA(200).
Relative Strength Index/RSI (14)	37.79	NEUTRAL	The RSI value for MRU.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.3	POSITIVE	The MACD value suggests MRU.CA has a positive trend.
Stochastics (14,3)	29.93	NEUTRAL	The Stochastics value for MRU.CA is a neutral value.
Average True Range in percent/ATR (20)	1.35	LOW VOLATILITY	The low ATR as a percentage value for MRU.CA suggests low volalility.
Average Directional Index/ADX (14)	35.42	POSITIVE	The high ADX value value for MRU.CA suggests a strong trend.