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Stock Trend Analysis Report
Prepared for you on Friday, April 19, 2024.
Melcor Developments Ltd (TSE:MRD)
Countertrend Up (+85) - MRD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid MRD?
MarketClub looks at technical strength and momentum to determine if the timing is right for MRD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for MRD
The long-term trend has been UP since Feb 1st, 2024 at 11.90
The intermediate-term trend has been UP since Apr 8th, 2024 at 11.49
The short-term trend has been DOWN since Apr 16th, 2024 at 11.50
Smart Scan Analysis for MRD
Based on our trend formula, MRD is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 11.45 | 11.53 | 11.43 | 11.53 | +0.08 |
| Prev. Close | Volume | Bid | Ask | Time |
| 11.45 | 2632 | 2024-04-18 15:59:29 |
| Year High | 15.95 | Year High Date | 2018-05-18 |
| Year Low | 12.61 | Year Low Date | 2018-11-29 |
| 52wk High | 15.95 | 52wk High Date | 2018-05-18 |
| 52wk Low | 12.61 | 52wk Low Date | 2018-11-29 |
| Year End Close | 15.75 | Average Volume | 6,493 |
| Volatility | 25.88 |