MDA Technical Analysis - MDA SPACE LTD

Technical Rating and Analysis

We assign a technical rating of 4 out of 10 to MDA. MDA has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.

The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.

When compared to the yearly performance of all other stocks, MDA outperforms 68% of them, which is more or less in line with the market.

MDA is part of the Aerospace & Defense industry. There are 11 other stocks in this industry, MDA did better than 60% of them.

MDA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MDA is lagging the market.

In the last month MDA has a been trading in the 31.11 - 38.59 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

Setup Rating and Analysis

MDA has an average technical rating and also the quality of the setup is only medium 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

29.34

38.69

4 important support areas can be observed.

A support zone ranging from 32.86 to 32.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @31.77 from a trend line in the daily time frame.
A support zone ranging from 30.79 to 30.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @29.64 from a trend line in the weekly time frame.

We can see 2 important resistance areas.

A resistance zone ranging from 36.07 to 36.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 38.10 to 38.31. This zone is formed by a combination of multiple trend lines and important moving averages 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	UP	POSITIVE	The long term trend for MDA.CA is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for MDA.CA is neutral.
ChartMill Relative Strength	68.22	NEUTRAL	MDA.CA is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	UP	MIXED	The current price of MDA.CA is below the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of MDA.CA is below a declining SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of MDA.CA is above the rising SMA(200).
Relative Strength Index/RSI (14)	44.77	NEUTRAL	The RSI value for MDA.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.27	POSITIVE	The MACD value suggests MDA.CA has a positive trend, although the MACD value is declining.
Stochastics (14,3)	41.63	NEUTRAL	The Stochastics value for MDA.CA is a neutral value.
Average True Range in percent/ATR (20)	3.94	MEDIUM VOLATILITY	The ATR as a percentage value for MDA.CA suggests some volalility.
Average Directional Index/ADX (14)	16.31	NEGATIVE	The low ADX value for MDA.CA suggests a weak or negative trend.