MERC stock closed at $6.73 on January 31, 2025, down 1.90% for the day. The bearish view stems from its weak technical indicators, with the price below the Fibonacci pivot of $6.59 and RSI at 56.29, suggesting limited momentum. Additionally, RBC Capital's "Hold" rating with a $7 target implies only a modest 10.94% upside, reflecting cautious sentiment.