DMG BLOCKCHAIN SOLUTIONS INC (DMGI.CA) Stock Technical Analysis
TSX-V:DMGI - TSX Venture Exchange - CA23345B2003 - Common Stock - Currency: CAD
Taking everything into account, DMGI scores 1 out of 10 in our technical rating. In the last year, DMGI was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
87% of all other stocks performed better in the past year than DMGI.
DMGI is part of the Software industry. There are 62 other stocks in this industry, of which 60% are performing better than DMGI.
DMGI is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month DMGI has a been trading in the 0.26 - 0.36 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 long term trend is neutral, but the short term trend is negative. Better to stay away from this!
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
0.36
When analyzing the support we can see 4 important areas.
- A support zone ranging from 0.27 to 0.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.24 from a trend line in the daily time frame.
- Support @0.23 from a horizontal line in the daily time frame.
- Support @0.22 from a horizontal line in the weekly time frame.
We can see 5 important resistance areas.
- A resistance zone ranging from 0.28 to 0.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @0.32 from a trend line in the weekly time frame.
- Resistance @0.34 from a trend line in the daily time frame.
- Resistance @0.35 from a trend line in the daily time frame.
- A resistance zone ranging from 0.36 to 0.36. This zone is formed by a combination of multiple trend lines in the daily 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 | NEUTRAL | NEUTRAL | The long term trend for DMGI.CA is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for DMGI.CA is down. |
| ChartMill Relative Strength | 13 | NEGATIVE | DMGI.CA has a low relative strength, it was outperformed by 87% 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) | DOWN | NEGATIVE | The current price of DMGI.CA is below a declining 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) | 43.72 | 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, although the MACD value is rising. |
| Stochastics (14,3) | 14.29 | OVERSOLD | The low Stochastics value suggests DMGI.CA may be oversold. |
| Average True Range in percent/ATR (20) | 8.45 | HIGH VOLATILITY | The high ATR as a percentage value for DMGI.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 20.63 | NEUTRAL | The ADX value for DMGI.CA suggests a possible start of a new 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 (8/8/2025, 7:00:00 PM)
0.275
-0.01 (-1.79%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-1.79%
1 Week-6.78%
2 Weeks-17.91%
1 Month0%
3 Month19.57%
6 Month-19.12%
12 Month-45%
2 Year-11.29%
3 Year-3.51%
5 Year223.53%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.02
ATR(20)%8.45%
ATR Inc-11.11%
Range Today0.02
ADR(20)0.02
ADR(20)%7.82%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS13
Mansfield-2.98
10 Day High0.34
10 Day Low0.26
20 Day High0.37
20 Day Low0.26
52 Week High0.63
52 Week Low0.19
CS1 End0.27
CR1 Start0.28
Volume & EV
DER(3)-6.09%
DER(5)-5.23%
Volume194.63K
Volume Incr-39.38%
Vol(5)198.91K
Vol(50)278.49K