MCLOUD TECHNOLOGIES CORP (MCLD.CA) Technical Analysis
TSX-V:MCLD • CA5822706092
Current stock price
MCLD.CA Technical Rating and Analysis
Overall MCLD gets a technical rating of 4 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. MCLD was also a bad performer in the overall market in the last year.
- 98% of all other stocks performed better in the past year than MCLD.
- MCLD is part of the Software industry. There are 69 other stocks in this industry, of which 79% 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.
MCLD.CA Weekly and Daily overview Charts
MCLD.CA 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.
More info and screens
MCLD.CA Support and Resistance Analysis
0.39
When analyzing the support we notice one important area.
- Support @0.39 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- 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.
MCLD.CA 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. |
MCLD.CA Chart- and CandleStick Pattern Analysis
MCLD.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX-V:MCLD (6/2/2023, 7:00:00 PM)
0.76
-0.02 (-2.56%)
MCLOUD TECHNOLOGIES CORP / MCLD.CA TA FAQ
Can you provide the ChartMill technical rating for MCLOUD TECHNOLOGIES CORP?
ChartMill assigns a technical rating of 4 / 10 to MCLD.CA.
Can you provide the trend direction for MCLOUD TECHNOLOGIES CORP?
The current trend direction for MCLOUD TECHNOLOGIES CORP (MCLD.CA) is Bearish.
Can you provide the RSI signal for MCLOUD TECHNOLOGIES CORP?
MCLOUD TECHNOLOGIES CORP (MCLD.CA) has an RSI value of 55.049. This indicates that the stock is currently neutral.
Can you provide the MACD signal for MCLOUD TECHNOLOGIES CORP?
The MACD indicator for MCLOUD TECHNOLOGIES CORP (MCLD.CA) has a value of 0.035632, indicating a bearish trend.
Can you provide the short term momentum for MCLOUD TECHNOLOGIES CORP?
The short term momentum for MCLOUD TECHNOLOGIES CORP (MCLD.CA) is positive.