MAGELLAN AEROSPACE CORP (MAL.CA) Stock Technical Analysis
TSX:MAL - Toronto Stock Exchange - CA5589122004 - Common Stock - Currency: CAD
Overall MAL gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MAL is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that MAL is one of the better performing stocks in the market, outperforming 95% of all stocks.
MAL is part of the Aerospace & Defense industry. There are 11 other stocks in this industry. MAL outperforms 100% of them.
MAL is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so MAL is leading the market.
In the last month MAL has a been trading in the 13.40 - 16.98 range, which is quite wide. It is currently trading near the high of this range.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although MAL has an excellent technical rating, the quality of the presented setup is not ideal 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
8.91
16.92
5 important support areas can be observed.
- A support zone ranging from 15.19 to 15.37. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @14.35 from a trend line in the daily time frame.
- Support @10.39 from a trend line in the weekly time frame.
- Support @9.28 from a horizontal line in the daily time frame.
- Support @9.00 from a horizontal line 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 | UP | POSITIVE | The long term trend for MAL.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MAL.CA is up. |
| ChartMill Relative Strength | 95.63 | POSITIVE | MAL.CA has a high relative strength, it outperformed 95.63% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MAL.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MAL.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MAL.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 73.7 | OVERBOUGHT | The high RSI value suggests MAL.CA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests MAL.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 90.92 | OVERBOUGHT | The high Stochastics value suggests MAL.CA may be overbought. |
| Average True Range in percent/ATR (20) | 3.46 | MEDIUM VOLATILITY | The ATR as a percentage value for MAL.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 53.54 | POSITIVE | The high ADX value value for MAL.CA suggests a strong 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 16.99 | 14.84 | 2.15 (12.65%) | 7.90% |
| An entry @16.99. This is a Buy Stop order right above the 10 day high. | An exit @14.84. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 2.15 points, which is 12.65%. | For a 1.00% total portfolio risk, you can invest 7.90% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
TSX:MAL (5/27/2025, 7:00:00 PM)
16.75
+0.18 (+1.09%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryAerospace & Defense
Performance
% Chg1.09%
1 Week6.35%
2 Weeks10.49%
1 Month25%
3 Month67%
6 Month55.67%
12 Month109.38%
2 Year117.53%
3 Year124.83%
5 Year187.31%
10 Year-0.3%
15 Year572.69%
Volatility
ATR(14)0.64
ATR(20)%3.46%
ATR Inc-32.58%
Range Today0.41
ADR(20)0.55
ADR(20)%3.31%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.63
Mansfield5.65
10 Day High16.98
10 Day Low14.85
20 Day High16.98
20 Day Low13.4
52 Week High16.98
52 Week Low7.92
CS1 End15.37
CR1 StartN/A
Volume & EV
DER(3)1.69%
DER(5)4.05%
Volume45.78K
Volume Incr4.86%
Vol(5)41.06K
Vol(50)31.78K