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MELCOR REAL ESTATE INVESTMEN (MR-UN.CA) Stock Technical Analysis

TSX:MR-UN - Toronto Stock Exchange - CA58546R1091 - REIT - Currency: CAD

5.35  +0.01 (+0.19%)

Technical Rating and Analysis

9

Overall MR-UN gets a technical rating of 9 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, MR-UN is showing a nice and steady performance.

Warning: MR-UN has an average volume of 19193 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are positive. This is a very positive sign.
MR-UN is one of the better performing stocks in the Diversified REITs industry, it outperforms 97% of 43 stocks in the same industry.
MR-UN is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so MR-UN is leading the market.
When comparing the yearly performance of all stocks, we notice that MR-UN is one of the better performing stocks in the market, outperforming 87% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
In the last month MR-UN has a been trading in a tight range between 5.20 and 5.36.
Considerably lower volume is observed in the last couple of days.
Weekly and Daily overview Charts
MELCOR REAL ESTATE INVESTMEN / MR-UN Weekly stock chart
MELCOR REAL ESTATE INVESTMEN / MR-UN Daily stock chart
Setup Rating and Analysis

8

MR-UN has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 5.36. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 5.33, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for MR-UN in the last couple of days, which is a good sign.

  • Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
Support and Resistance Analysis

3.38

5.41

4 important support areas can be observed.

  • A support zone ranging from 5.11 to 5.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @4.84 from a horizontal line in the weekly time frame.
  • Support @4.74 from a horizontal line in the daily time frame.
  • Support @3.41 from a trend line in the weekly time frame.

We found 1 important resistance area.

  • A resistance zone ranging from 5.36 to 5.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.8
Mansfield2.88
10 Day High5.36
10 Day Low5.25
20 Day High5.36
20 Day Low5.2
52 Week High5.4
52 Week Low2.19
Performance
1 Week0%
2 Weeks1.13%
1 Month2.29%
3 Month10.31%
6 Month78.33%
12 Month67.19%
2 Year-7.12%
3 Year-23.02%
5 Year-31.41%
10 Year-36.31%
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0
RSI(14)66.12
LBB5.24
UBB5.39
Example Setup

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.

ENTRYEXITDISTANCECAPITAL
5.375.240.13 (2.42%)25.00%
An entry @5.37. This is a Buy Stop order right above the resistance zone.An exit @5.24. This is a Stop Loss order right below the 10 day low.The trade has a worst case loss of 0.13 points, which is 2.42%.For a 0.61% total portfolio risk, you can invest 25.00% of your capital in this trade.

  • 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.
MELCOR REAL ESTATE INVESTMEN / MR-UN Daily stock chart

MELCOR REAL ESTATE INVESTMEN

TSX:MR-UN (2/21/2025, 7:00:00 PM)

5.35

+0.01 (+0.19%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorReal Estate
GICS IndustryDiversified REITs
Performance
% Chg0.19%
1 Week0%
2 Weeks1.13%
1 Month2.29%
3 Month10.31%
6 Month78.33%
12 Month67.19%
2 Year-7.12%
3 Year-23.02%
5 Year-31.41%
10 Year-36.31%
15 YearN/A
Volatility
ATR(14)0.03
ATR(20)%0.57%
ATR Inc-53.85%
Range Today0
ADR(20)0.03
ADR(20)%0.54%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.8
Mansfield2.88
10 Day High5.36
10 Day Low5.25
20 Day High5.36
20 Day Low5.2
52 Week High5.4
52 Week Low2.19
CS1 End5.33
CR1 Start5.36
Volume & EV
DER(3)3.83%
DER(5)2.3%
Volume5.00K
Volume Incr0.72%
Vol(5)9.85K
Vol(50)19.19K