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Stock Trend Analysis Report

Prepared for you on Monday, October 2, 2023.

Melcor Developments Ltd (TSE:MRD)

Bull Market Weakness (+75) - MRD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on MRD as it may be in the beginning stages of a reversal.

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.

Open High Low MRD Price Change
12.05 12.24 12.05 12.24 +0.21
Entry Signal

MarketClub’s Trade Triangles for MRD

long term up The long-term trend has been UP since Aug 11th, 2023 at 11.77

intermediate term down The intermediate-term trend has been DOWN since Sep 28th, 2023 at 12.04

short term up The short-term trend has been UP since Sep 29th, 2023 at 12.18

Smart Scan Analysis for MRD

Based on our trend formula, MRD is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

Smart Scan Analysis for MRD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
12.05 12.24 12.05 12.24 +0.21
Prev. Close Volume Bid Ask Time
12.24 1333 2023-09-29 15:22:46
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
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