MERUS NV (MRUS) Stock Technical Analysis
USA - NASDAQ:MRUS - NL0011606264 - Common Stock
68.1 USD
-0.15 (-0.22%)
68.1 USD
0 (0%)
Overall MRUS gets a technical rating of 10 out of 10. Both in the recent history as in the last year, MRUS has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
When comparing the yearly performance of all stocks, we notice that MRUS is one of the better performing stocks in the market, outperforming 88% of all stocks. We also observe that the gains produced by MRUS over the past year are nicely spread over this period.
MRUS is part of the Biotechnology industry. There are 538 other stocks in this industry. MRUS outperforms 77% of them.
MRUS is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month MRUS has a been trading in the 62.80 - 70.65 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.
MRUS has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. 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 69.58. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 68.10, a Stop Loss order could be placed below this zone.
More info and screens
62.76
70.50
2 important support areas can be observed.
- A support zone ranging from 67.75 to 68.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 63.39 to 64.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 69.58 to 69.80. 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 MRUS is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MRUS is neutral. |
| ChartMill Relative Strength | 88.52 | POSITIVE | MRUS has a high relative strength, it outperformed 88.52% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MRUS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MRUS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MRUS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.68 | NEUTRAL | The RSI value for MRUS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.17 | NEGATIVE | The MACD value suggests MRUS has a negative trend. |
| Stochastics (14,3) | 56.51 | NEUTRAL | The Stochastics value for MRUS is a neutral value. |
| Average True Range in percent/ATR (20) | 3.52 | MEDIUM VOLATILITY | The ATR as a percentage value for MRUS suggests some volalility. |
| Average Directional Index/ADX (14) | 11.03 | NEGATIVE | The low ADX value for MRUS suggests a weak or negative trend. |
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)
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 |
|---|---|---|---|
| 69.81 | 67.74 | 2.07 (2.97%) | 25.00% |
| An entry @69.81. This is a Buy Stop order right above the resistance zone. | An exit @67.74. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.07 points, which is 2.97%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.74%. |
- The distance between exit and entry is rather small compared to the average daily movement of MRUS. 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.
68.1
-0.15 (-0.22%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-0.22%
1 Week-1.23%
2 Weeks-2.44%
1 Month1.22%
3 Month28.51%
6 Month52.66%
12 Month42.65%
2 Year188.8%
3 Year239.99%
5 Year467.5%
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.3
ATR(20)%3.52%
ATR Inc-14.85%
Range Today2.42
ADR(20)2.39
ADR(20)%3.51%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.52
Mansfield2.15
10 Day High70.38
10 Day Low66.13
20 Day High70.65
20 Day Low62.8
52 Week High70.65
52 Week Low33.19
CS1 End68.1
CR1 Start69.58
Volume & EV
DER(3)-3.06%
DER(5)-1.21%
Volume604.00K
Volume Incr-9.18%
Vol(5)576.22K
Vol(50)647.86K