METRO INC/CN (MRU.CA) Stock Technical Analysis
TSX:MRU - Toronto Stock Exchange - CA59162N1096 - Common Stock - Currency: CAD
Taking everything into account, MRU scores 8 out of 10 in our technical rating. Both in the recent history as in the last year, MRU has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that MRU is one of the better performing stocks in the market, outperforming 73% of all stocks. We also observe that the gains produced by MRU over the past year are nicely spread over this period.
MRU is one of the better performing stocks in the Consumer Staples Distribution & Retail industry, it outperforms 83% of 19 stocks in the same industry.
MRU 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 MRU has a been trading in the 87.76 - 94.41 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
Volume is considerably higher in the last couple of days.
MRU has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 93.20. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 92.26, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for MRU in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
80.89
94.57
3 important support areas can be observed.
- A support zone ranging from 89.27 to 92.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 85.97 to 85.99. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 81.71 to 82.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 93.20 to 93.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS73.67
Mansfield0.55
10 Day High94.41
10 Day Low90
20 Day High94.41
20 Day Low87.76
52 Week High94.86
52 Week Low69.19
Performance
1 Week0.36%
2 Weeks0.1%
1 Month0.68%
3 Month3.34%
6 Month10.39%
12 Month25.84%
2 Year30.85%
3 Year40.16%
5 Year77.37%
10 Year167.08%
15 Year1947.02%
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)0.06
RSI(14)56.73
LBB91.13
UBB93.33
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 |
|---|---|---|---|
| 93.64 | 89.99 | 3.65 (3.90%) | 25.00% |
| An entry @93.64. This is a Buy Stop order right above the resistance zone. | An exit @89.99. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 3.65 points, which is 3.90%. | For a 0.97% 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.
TSX:MRU (2/21/2025, 7:00:00 PM)
92.73
+0.02 (+0.02%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryConsumer Staples Distribution & Retail
Performance
% Chg0.02%
1 Week0.36%
2 Weeks0.1%
1 Month0.68%
3 Month3.34%
6 Month10.39%
12 Month25.84%
2 Year30.85%
3 Year40.16%
5 Year77.37%
10 Year167.08%
15 Year1947.02%
Volatility
ATR(14)1.77
ATR(20)%2.08%
ATR Inc-7.06%
Range Today1.51
ADR(20)1.86
ADR(20)%2%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS73.67
Mansfield0.55
10 Day High94.41
10 Day Low90
20 Day High94.41
20 Day Low87.76
52 Week High94.86
52 Week Low69.19
CS1 End92.26
CR1 Start93.2
Volume & EV
DER(3)5.72%
DER(5)6.04%
Volume627.96K
Volume Incr52.13%
Vol(5)676.06K
Vol(50)473.19K