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Stock Trend Analysis Report

Prepared for you on Thursday, June 30, 2022.

Melcor Developments Ltd (TSE:MRD)

Countertrend Down (-85) - MRD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

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.

TSE_MRD
Open High Low MRD Price Change
12.13 12.63 12.13 12.45 +0.45
Entry Signal

MarketClub’s Trade Triangles for MRD

long term down The long-term trend has been DOWN since May 9th, 2022 at 14.50

intermediate term down The intermediate-term trend has been DOWN since Jun 14th, 2022 at 13.80

short term up The short-term trend has been UP since Jun 30th, 2022 at 12.28

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).

-85
Smart Scan Analysis for MRD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
12.13 12.63 12.13 12.45 +0.45
Prev. Close Volume Bid Ask Time
12.00 2527 2022-06-30 11:54:53
Year High15.95Year High Date2018-05-18
Year Low12.61Year Low Date2018-11-29
52wk High15.9552wk High Date2018-05-18
52wk Low12.6152wk Low Date2018-11-29
Year End Close15.75Average Volume6,493
Volatility25.88
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