MCLD Technical Analysis - MCLOUD TECHNOLOGIES CORP

Technical Rating and Analysis

We assign a technical rating of 4 out of 10 to MCLD. In the past year, MCLD was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.

When comparing the yearly performance of all stocks, MCLD is a bad performer in the overall market: 98% of all stocks are doing better.

MCLD is part of the Software industry. There are 63 other stocks in this industry, of which 85% are performing better than MCLD.

MCLD is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

Warning: MCLD has an average volume of 25169 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.

In the last month MCLD has a been trading in the 0.37 - 1.18 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

MCLOUD TECHNOLOGIES CORP / MCLD Weekly stock chart

MCLOUD TECHNOLOGIES CORP / MCLD Daily stock chart

Setup Rating and Analysis

MCLD has an average technical rating and it also does not offer a high 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

0.39

1.27

We found 1 important support area.

Support @0.39 from a horizontal line in the daily time frame.

We can see 2 important resistance areas.

A resistance zone ranging from 0.77 to 0.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @1.26 from a trend line in the daily time frame.

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What is Support and Resistance

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Technical Indicator Signal Analysis

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 MCLD.CA is neutral.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for MCLD.CA is up.
ChartMill Relative Strength	2.97	NEGATIVE	MCLD.CA has a low relative strength, it was outperformed by 97.03% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of MCLD.CA is above the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	MIXED	The current price of MCLD.CA is above a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of MCLD.CA is below a declining SMA(200).
Relative Strength Index/RSI (14)	55.05	NEUTRAL	The RSI value for MCLD.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.04	POSITIVE	The MACD value suggests MCLD.CA has a positive trend, although the MACD value is declining.
Stochastics (14,3)	58.1	NEUTRAL	The Stochastics value for MCLD.CA is a neutral value.
Average True Range in percent/ATR (20)	16.22	HIGH VOLATILITY	The high ATR as a percentage value for MCLD.CA suggests high volalility.
Average Directional Index/ADX (14)	39.17	POSITIVE	The high ADX value value for MCLD.CA suggests a strong trend.