Overall MRUS gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MRUS is showing a nice and steady performance.
Besides having an excellent technical rating, MRUS also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 95.75, a Stop Loss order could be placed below this zone.
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66.78
4 important support areas can be observed.
- A support zone ranging from 94.86 to 95.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @80.72 from a trend line in the daily time frame.
- Support @75.11 from a trend line in the daily time frame.
- Support @67.45 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 95.84 to 96.08. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 96.48 | POSITIVE | MRUS has a high relative strength, it outperformed 96.48% 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) | 73.35 | OVERBOUGHT | The high RSI value suggests MRUS may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.48 | NEGATIVE | The MACD value suggests MRUS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 76.83 | NEUTRAL | The Stochastics value for MRUS is a neutral value. |
| Average True Range in percent/ATR (20) | 0.39 | LOW VOLATILITY | The low ATR as a percentage value for MRUS suggests low volalility. |
| Average Directional Index/ADX (14) | 65.57 | POSITIVE | The high ADX value value for MRUS suggests a strong 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 |
|---|---|---|---|
| 96.09 | 95.13 | 0.96 (0.99%) | 25.00% |
| An entry @96.09. This is a Buy Stop order right above the resistance zone. | An exit @95.13. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.96 points, which is 0.99%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.25%. |
- 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.
95.76
-0.22 (-0.23%)
MERUS NV / MRUS FAQ
Can you provide the ChartMill technical rating for MERUS NV?
ChartMill assigns a technical rating of 10 / 10 to MRUS.
Can you provide the trend direction for MERUS NV?
The current trend direction for MERUS NV (MRUS) is Bullish.
Can you provide the RSI signal for MERUS NV?
MERUS NV (MRUS) has an RSI value of 73.3454. This indicates that the stock is currently overbought.
What is the MACD signal for MRUS stock?
The MACD indicator for MERUS NV (MRUS) has a value of -0.479811, indicating a bearish trend.
What is the short term momentum for MERUS NV (MRUS) stock?
The short term momentum for MERUS NV (MRUS) is positive.