METRO INC/CN (MRU.CA) Stock Technical Analysis
TSX:MRU - Toronto Stock Exchange - CA59162N1096 - Common Stock - Currency: CAD
We assign a technical rating of 6 out of 10 to MRU. Although MRU is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although the technical rating is only medium, MRU does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 106.99. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 105.20, a Stop Loss order could be placed below this zone.
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89.37
When analyzing the support we can see 4 important areas.
- A support zone ranging from 103.43 to 105.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @101.39 from a horizontal line in the daily time frame.
- Support @99.06 from a trend line in the weekly time frame.
- Support @90.27 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- 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.
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 | 62.79 | NEUTRAL | MRU.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MRU.CA is above 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) | 53.84 | NEUTRAL | The RSI value for MRU.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests MRU.CA has a positive trend. |
| Stochastics (14,3) | 43.64 | NEUTRAL | The Stochastics value for MRU.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.66 | LOW VOLATILITY | The low ATR as a percentage value for MRU.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 10.5 | 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 |
|---|---|---|---|
| 107.97 | 103.42 | 4.55 (4.21%) | 23.73% |
| An entry @107.97. This is a Buy Stop order right above the resistance zone. | An exit @103.42. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 4.55 points, which is 4.21%. | When investing 23.73% 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.
TSX:MRU (7/25/2025, 7:00:00 PM)
105.73
+0.49 (+0.47%)