Merlin, Inc.

Stage 4 · Declining · week 23

As of Oct 22, 2026, Merlin is in Stage 4, the downtrend phase, now in week 23 (since May 14, 2026). It closed at $0.83, 94.8% below its 52-week high and below its 200-day average, which is falling.

Merlin, Inc., an aerospace and defense technology company, develops AI-powered autonomous flight software and systems for aircraft in the United States and New Zealand. More about the company

$0.83

-15.31% today

$83.9M · Micro cap

Market Neutral — Building

Pro read

Pro

Our read

Declining, below its long-term trend

Setup score

—

Momentum

Steady

Edge

—

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Stage Cycle Timeline2024-12-02 → 2026-10-22

S? 42w

S2 16w

S3 9w

S4 23w

2024-12-022026-10-22

S1S2S3S4Setup score (0–10, dashed line at 5)

S? 42w → S2 16w → S3 9w → S4 7w → S1 2w → S4 23w current

Total tracked: 99 weeks across 6 stage runs.

MRLN among Aerospace & Defense78th of 96 by relative strength

All 96 →

Stocks in Aerospace & Defense ranked by relative strength, with stage and one-month change
#	Stock	Stage	RS	1M
1	DUKRDUKE Robotics Corp.	Stage 4 · wk 2	99	−21.6%
2	SIFSIFCO Industries, Inc.	Stage 3 · wk 6	98	−6.0%
3	CVUCPI Aerostructures, Inc.	Stage 2 · wk 20	94	−5.9%
4	IAInnovative Solutions and Support, Inc.	Stage 1 · wk 7	91	+7.4%
5	DCODucommun Incorporated	Stage 3 · wk 5	91	−7.2%
6	MOG-AMoog Inc. Class A	Stage 3 · wk 7	91	−8.9%
7	MOG-BMoog Inc. Class B	Stage 3 · wk 6	89	−12.3%
8	POWWOutdoor Holding Company	Stage 2 · wk 1	89	+3.5%
…78	MRLNMerlin, Inc.	Stage 4 · wk 23	6	−53.1%

vs 52W High

-94.8%

$0.83 lo$16.09 hi

94.8% below 52W high, deep Stage 4 damage

In Stage 4, distance from the 52-week high reflects an ongoing decline, not a discount.

Stage Maturity

Week 23

1w13w26w

Week 23, extended decline

How long this stock has been in Stage 4 decline. The longer the downtrend, the more entrenched the selling pressure. No length of decline marks a bottom on its own.

vs 200 DMA

-87.8%

200 DMA: $6.79 · sloping down

In Stage 4, the stock is below its 200-day average, the hallmark of a downtrend. Stage analysis waits for that to reverse before buying.

Rel Volume

1.57x

vs 50-day avg

High volume on down days in Stage 4 confirms institutional selling. Low-volume bounces are typical. They lack real buyers and are easy to mistake for reversals.

Trend Health

↓

Short-term trend rolling over

Two reads of momentum. The arrow shows the direction of the short-term trend: rising (↑ or ↗), flat (→) or rolling over (↓). The ⇈ mark appears when our trend model reads the move as gaining speed on top of the longer trend. Strongest when both agree.

-53.1%

-76.1%

-93.5%

YTD

-92.3%

-92.4%

Scan Membership

Not in any current scan.

Recent Stage Timeline

2026-10-22S4

Wk 23 · Vol 1.57x

2026-10-21S4

Wk 23 · Vol 1.18x

2026-10-20S4

Wk 22 · Vol 0.73x

2026-10-19S4

Wk 22 · Vol 0.47x

2026-10-16S4

Wk 22 · Vol 0.72x

2026-10-15S4

Wk 22 · Vol 0.75x

2026-10-14S4

Wk 22 · Vol 2.67x

2026-10-13S4

Wk 21 · Vol 1.72x

2026-10-12S4

Wk 21 · Vol 0.75x

2026-10-09S4

Wk 21 · Vol 1.35x

2026-10-08S4

Wk 21 · Vol 1.26x

2026-10-07S4

Wk 21 · Vol 1.63x

Moving averages & range

50 DMA

$2.35

200 DMA

$6.79

52W High

$16.09

52W Low

$0.83

5D Low

$0.83

Resistance levels (recent highs)

20d High

$1.99

60d High

$4.44

120d High

$9.56

250d High

$16.09

Next resistance

+139.8%

to 20d High

Dividend Yield

0.00%

P/B -0.8

Merlin: quick answers

What stage is Merlin in?

As of Oct 22, 2026, Merlin (MRLN) is in Stage 4, the downtrend phase. It entered Stage 4 on May 14, 2026 and is in week 23. What the four stages mean

Is Merlin in an uptrend?

No. Merlin is in a Stage 4 downtrend. It trades 87.8% below its 200-day average, which is falling.

How far is Merlin from its 52-week high?

Merlin closed at $0.83 on Oct 22, 2026, 94.8% below its 52-week high of $16.09. Its 52-week low is $0.83.

How has Merlin performed over the past year?

As of Oct 22, 2026, Merlin is down 92.4% over the past year and down 92.3% so far in 2026.

Which sector and industry is Merlin in?

Merlin is in the Aerospace & Defense industry, part of the Industrials sector.

About this companyIndustrials· Aerospace & Defense

Merlin, Inc., an aerospace and defense technology company, develops AI-powered autonomous flight software and systems for aircraft in the United States and New Zealand. The company provides an aircraft-agnostic, AI-powered software platform that enables autonomous flight for both legacy and next-generation airborne systems. Its main product, the Merlin Pilot, is an integrated hardware and software solution that manages navigation, communication with air traffic control, obstacle avoidance, and real-time decision-making using sensor technologies and natural language processing. The company supports both military and civil aviation programs, offering solutions for missions such as cargo transport and national security operations. It collaborates with partners and regulatory bodies to conduct flight trials and support the certification of autonomous flight systems. The company serves defense organizations, commercial aviation clients, government agencies, regulators, and air cargo operators. The company was founded in 2018 and is based in Boston, Massachusetts.

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All analytics based on EOD data. Data as of 2026-10-22. Past data patterns are not indicative of future results. This page is a data analytics tool only.