MDA Technical Analysis - MDA SPACE LTD

Technical Rating and Analysis

Overall MDA gets a technical rating of 4 out of 10. Although MDA is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.

In the last month MDA has a been trading in the 30.57 - 45.03 range, which is quite wide. It is currently trading near the lows of this range.

Looking at the yearly performance, MDA did better than 81% of all other stocks. On top of that, MDA also shows a nice and consistent pattern of rising prices.

The long term trend is neutral, but the short term trend is negative. Better to stay away from this!

MDA is an average performer in the Aerospace & Defense industry, it outperforms 63% of 12 stocks in the same industry.

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.

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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 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

24.61

46.64

4 important support areas can be observed.

Support @31.66 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 @28.81 from a trend line in the weekly time frame.
Support @24.86 from a trend line in the weekly time frame.

When analyzing the resistance we notice 2 important areas.

A resistance zone ranging from 33.80 to 34.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @46.18 from a horizontal line in the daily time frame.

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What is Support and Resistance

Support and Resistance indicators

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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 MDA.CA is neutral.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for MDA.CA is down.
ChartMill Relative Strength	81.23	POSITIVE	MDA.CA has a high relative strength, it outperformed 81.23% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of MDA.CA is below a declining 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)	39.61	NEUTRAL	The RSI value for MDA.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.19	POSITIVE	The MACD value suggests MDA.CA has a positive trend.
Stochastics (14,3)	48.1	NEUTRAL	The Stochastics value for MDA.CA is a neutral value.
Average True Range in percent/ATR (20)	5.51	HIGH VOLATILITY	The high ATR as a percentage value for MDA.CA suggests high volalility.
Average Directional Index/ADX (14)	32.54	POSITIVE	The high ADX value value for MDA.CA suggests a strong trend.