DMG BLOCKCHAIN SOLUTIONS INC (DMGI.CA) Stock Technical Analysis
TSX-V:DMGI - TSX Venture Exchange - CA23345B2003 - Common Stock - Currency: CAD
We assign a technical rating of 1 out of 10 to DMGI. DMGI scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, DMGI is a bad performer in the overall market: 95% of all stocks are doing better.
DMGI is one of the lesser performing stocks in the Software industry. 83% of 61 stocks in the same industry do better.
DMGI is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so DMGI is lagging the market.
In the last month DMGI has a been trading in the 0.22 - 0.29 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
The technical rating of DMGI is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
0.22
0.45
When analyzing the support we notice one important area.
- Support @0.22 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 0.27 to 0.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @0.29 from a trend line in the daily time frame.
- Resistance @0.45 from a trend line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for DMGI.CA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for DMGI.CA is down. |
| ChartMill Relative Strength | 5.89 | NEGATIVE | DMGI.CA has a low relative strength, it was outperformed by 94.11% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of DMGI.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of DMGI.CA is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of DMGI.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 37.39 | NEUTRAL | The RSI value for DMGI.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests DMGI.CA has a negative trend. |
| Stochastics (14,3) | 17.58 | OVERSOLD | The low Stochastics value suggests DMGI.CA may be oversold. |
| Average True Range in percent/ATR (20) | 7.28 | HIGH VOLATILITY | The high ATR as a percentage value for DMGI.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 17.23 | NEGATIVE | The low ADX value for DMGI.CA suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
TSX-V:DMGI (6/20/2025, 7:00:00 PM)
0.23
-0.01 (-4.17%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-4.17%
1 Week-11.54%
2 Weeks-19.3%
1 Month-14.81%
3 Month-16.36%
6 Month-41.77%
12 Month-55.77%
2 Year-26.98%
3 Year-2.13%
5 Year119.05%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.02
ATR(20)%7.28%
ATR Inc-16%
Range Today0.02
ADR(20)0.01
ADR(20)%6.3%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS5.89
Mansfield-4.34
10 Day High0.28
10 Day Low0.22
20 Day High0.29
20 Day Low0.22
52 Week High0.65
52 Week Low0.19
CS1 End0.22
CR1 Start0.27
Volume & EV
DER(3)0%
DER(5)0%
Volume248.70K
Volume Incr-19.32%
Vol(5)164.92K
Vol(50)184.42K