MCLOUD TECHNOLOGIES CORP (MCLD.CA) Stock Technical Analysis
TSX-V:MCLD - TSX Venture Exchange - CA5822706092 - Common Stock - Currency: CAD
Taking everything into account, MCLD scores 4 out of 10 in our technical rating. 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.
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 one of the lesser performing stocks in the Software industry. 88% of 63 stocks in the same industry do better.
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 long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
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 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
0.39
1.27
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.
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. |
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:MCLD (6/2/2023, 7:00:00 PM)
0.76
-0.02 (-2.56%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-2.56%
1 Week2.7%
2 Weeks67.03%
1 Month90%
3 Month-37.19%
6 Month-41.09%
12 Month-82.53%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.15
ATR(20)%16.22%
ATR Inc57.69%
Range Today0.01
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS2.97
Mansfield-6.18
10 Day High1.18
10 Day Low0.46
20 Day High1.18
20 Day Low0.37
52 Week High4.31
52 Week Low0.37
CS1 End0.39
CR1 Start0.77
Volume & EV
DER(3)2.55%
DER(5)12.7%
Volume8.59K
Volume Incr27.53%
Vol(5)28.75K
Vol(50)25.17K