TSX:MER Technical Analysis

Meren Energy Inc. — Technical Analysis & Chart Patterns

Back to MER

Eight formations appear in MER's daily price history. A three rising valleys completed with an upward breakout on August 12, 2026; a p&f double top breakout completed with an upward breakout on August 12, 2026; an order block (ob), bearish completed with a downward breakout on August 31, 2026; a long day, white printed a bullish signal on September 17, 2026; a Wyckoff markup phase has been under way since September 20, 2024; a head-and-shoulders top is currently forming and has not yet triggered; a head-and-shoulders bottom is currently forming and has not yet triggered; a marubozu, opening black printed a bearish signal on September 21, 2026.

Signal balance Bearish tilt 2 bullish (1) · 2 bearish (2.5)
Live signals only, weighted by each pattern's measured edge (proven counts double promising, which counts double unproven; confirmed breakouts count full, forming setups, phases and candles half). Trades that already resolved don't vote. 2 signals from negative-edge patterns excluded.

Patterns

last close, adjusted
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BREAKOUT UP
Wyckoff Markup Phase — Sep 20, 2024 to Sep 21, 2026
FORMING
Head-and-Shoulders Top — Jan 29, 2026 to Sep 21, 2026
FORMING
Head-and-Shoulders Bottom — May 7, 2026 to Sep 21, 2026
BREAKOUT DOWN
Marubozu, Opening Black — Sep 21, 2026 to Sep 21, 2026 · broke out on Sep 21, 2026
BREAKOUT UP
Long Day, White — Sep 17, 2026 to Sep 17, 2026 · broke out on Sep 17, 2026
BREAKOUT DOWN
Order Block (OB), Bearish — May 28, 2026 to Aug 31, 2026 · broke out on Aug 31, 2026
BREAKOUT UP
Three Rising Valleys — Jun 24, 2026 to Aug 11, 2026 · broke out on Aug 12, 2026
BREAKOUT UP
P&F Double Top Breakout — Jul 20, 2026 to Aug 11, 2026 · broke out on Aug 12, 2026
Detected on this chart: Wyckoff Markup Phase, Head-and-Shoulders Top (forming now), Head-and-Shoulders Bottom (forming now), Marubozu, Opening Black, Long Day, White, Order Block (OB), Bearish, Three Rising Valleys, P&F Double Top Breakout. Subscribe to Pro to see each one drawn on the chart with its trigger price, measure-rule target, stop and simulated trade result.

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