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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.
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MarketClub’s Trade Triangles for MRD
The long-term trend has been DOWN since May 9th, 2022 at 14.50
The intermediate-term trend has been DOWN since Jun 14th, 2022 at 13.80
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).
| 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 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 |