MERUS NV (MRUS) Stock Technical Analysis
NASDAQ:MRUS - Nasdaq - NL0011606264 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to MRUS. 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 and short term trends are both positive. This is looking good!
MRUS is one of the better performing stocks in the Biotechnology industry, it outperforms 82% of 550 stocks in the same industry.
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.
MRUS is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Looking at the yearly performance, MRUS did better than 91% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
Although MRUS has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
42.25
68.12
4 important support areas can be observed.
- Support @66.82 from a horizontal line in the daily time frame.
- A support zone ranging from 63.39 to 65.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @61.43 from a trend line in the daily time frame.
- Support @42.68 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 67.10 to 67.45. 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 | UP | POSITIVE | The short term trend for MRUS is up. |
| ChartMill Relative Strength | 91.31 | POSITIVE | MRUS has a high relative strength, it outperformed 91.31% 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) | 64.34 | NEUTRAL | The RSI value for MRUS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.45 | NEGATIVE | The MACD value suggests MRUS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 55.21 | NEUTRAL | The Stochastics value for MRUS is a neutral value. |
| Average True Range in percent/ATR (20) | 3.85 | MEDIUM VOLATILITY | The ATR as a percentage value for MRUS suggests some volalility. |
| Average Directional Index/ADX (14) | 35.4 | POSITIVE | The high ADX value value for MRUS suggests a strong 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)
67.09
+3.32 (+5.21%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg5.21%
1 Week2.36%
2 Weeks1.41%
1 Month18.73%
3 Month61.43%
6 Month66.89%
12 Month29.87%
2 Year199.91%
3 Year183.32%
5 Year455.84%
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.56
ATR(20)%3.85%
ATR Inc45.53%
Range Today4.38
ADR(20)2.47
ADR(20)%3.68%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.31
Mansfield2.45
10 Day High67.59
10 Day Low62.15
20 Day High67.59
20 Day Low56.91
52 Week High67.59
52 Week Low33.19
CS1 End66.82
CR1 Start67.1
Volume & EV
DER(3)1.3%
DER(5)2.09%
Volume956.96K
Volume Incr-10.98%
Vol(5)626.81K
Vol(50)867.99K