MATACHEWAN CONS MINES LTD-A (MCM-A.CA) Stock Technical Analysis
TSX-V:MCM-A - TSX Venture Exchange - CA5764711068 - Common Stock - Currency: CAD
We assign a technical rating of 10 out of 10 to MCM-A. MCM-A has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
Warning: MCM-A has an average volume of 10328 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.
Looking at the yearly performance, MCM-A did better than 91% of all other stocks. We also observe that the gains produced by MCM-A over the past year are nicely spread over this period.
MCM-A is part of the Oil, Gas & Consumable Fuels industry. There are 209 other stocks in this industry. MCM-A outperforms 98% of them.
MCM-A is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so MCM-A is performing more or less in line with the market.
In the last month MCM-A has a been trading in the 0.18 - 0.29 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days.
Although MCM-A has an excellent technical rating, it does not present a decent entry opportunity 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
0.18
0.29
We found 4 important support areas.
- Support @0.21 from a trend line in the weekly time frame.
- Support @0.20 from a trend line in the weekly time frame.
- Support @0.19 from a trend line in the daily time frame.
- Support @0.18 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 | NEUTRAL | NEUTRAL | The long term trend for MCM-A.CA is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MCM-A.CA is up. |
| ChartMill Relative Strength | 91.52 | POSITIVE | MCM-A.CA has a high relative strength, it outperformed 91.52% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MCM-A.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MCM-A.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MCM-A.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.36 | NEUTRAL | The RSI value for MCM-A.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests MCM-A.CA has a positive trend. |
| Stochastics (14,3) | 90.48 | OVERBOUGHT | The high Stochastics value suggests MCM-A.CA may be overbought. |
| Average True Range in percent/ATR (20) | 9.57 | HIGH VOLATILITY | The high ATR as a percentage value for MCM-A.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 13.39 | NEGATIVE | The low ADX value for MCM-A.CA suggests a weak or negative 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:MCM-A (6/2/2025, 7:00:00 PM)
0.29
+0.01 (+5.45%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg5.45%
1 Week5.45%
2 Weeks18.37%
1 Month7.41%
3 Month41.46%
6 Month13.73%
12 Month70.59%
2 Year34.88%
3 Year48.72%
5 Year152.17%
10 Year61.11%
15 YearN/A
Volatility
ATR(14)0.03
ATR(20)%9.57%
ATR Inc-77.17%
Range Today0
ADR(20)0
ADR(20)%1.12%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.52
Mansfield0.18
10 Day High0.29
10 Day Low0.19
20 Day High0.3
20 Day Low0.19
52 Week High0.33
52 Week Low0.17
CS1 End0.21
CR1 StartN/A
Volume & EV
DER(3)0%
DER(5)0%
Volume2.50K
Volume Incr320.21%
Vol(5)27.30K
Vol(50)10.33K