MDF COMMERCE INC (MDF.CA) Technical Analysis
TSX:MDF • CA55283M1032
Current stock price
MDF.CA Technical Rating and Analysis
Taking everything into account, MDF scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, MDF has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- MDF is part of the Interactive Media & Services industry. There are 11 other stocks in this industry. MDF outperforms 100% of them.
- MDF is currently making a new 52 week high. This is a strong signal. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so MDF is leading the market.
- Looking at the yearly performance, MDF did better than 93% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
- In the last month MDF has a been trading in a tight range between 5.72 and 5.80.
MDF.CA Weekly and Daily overview Charts
MDF.CA Setup Rating and Analysis
MDF has an excellent technical rating, but 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.
More info and screens
MDF.CA Support and Resistance Analysis
3.44
When analyzing the support we can see 5 important areas.
- A support zone ranging from 5.72 to 5.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @3.94 from a trend line in the weekly time frame.
- Support @3.85 from a horizontal line in the daily time frame.
- Support @3.76 from a trend line in the daily time frame.
- Support @3.47 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 5.81 to 5.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
MDF.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 | UP | POSITIVE | The long term trend for MDF.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MDF.CA is up. |
| ChartMill Relative Strength | 93.56 | POSITIVE | MDF.CA has a high relative strength, it outperformed 93.56% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MDF.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MDF.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MDF.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 74.75 | OVERBOUGHT | The high RSI value suggests MDF.CA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests MDF.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 100 | OVERBOUGHT | The high Stochastics value suggests MDF.CA may be overbought. |
| Average True Range in percent/ATR (20) | 0.3 | LOW VOLATILITY | The low ATR as a percentage value for MDF.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 48.46 | POSITIVE | The high ADX value value for MDF.CA suggests a strong trend. |
MDF.CA Chart- and CandleStick Pattern Analysis
MDF.CA Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 5.82 | 5.74 | 0.08 (1.37%) | 25.00% |
| An entry @5.82. This is a Buy Stop order right above the resistance zone. | An exit @5.74. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.08 points, which is 1.37%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.34%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
MDF.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX:MDF (5/22/2024, 7:00:00 PM)
5.8
0 (0%)
MDF COMMERCE INC / MDF.CA TA FAQ
What is the technical rating for MDF stock?
ChartMill assigns a technical rating of 9 / 10 to MDF.CA.
What is the trend direction for MDF stock?
The current trend direction for MDF COMMERCE INC (MDF.CA) is Bullish.
What is the RSI signal for MDF COMMERCE INC (MDF.CA) stock?
MDF COMMERCE INC (MDF.CA) has an RSI value of 74.7451. This indicates that the stock is currently overbought.
Can you provide the MACD signal for MDF COMMERCE INC?
The MACD indicator for MDF COMMERCE INC (MDF.CA) has a value of -0.0156592, indicating a bearish trend.
Can you provide the support and resistance levels for MDF COMMERCE INC?
MDF COMMERCE INC (MDF.CA) has a support level at 5.78 and a resistance level at 5.81. Check the full technical report for our detailed analysis of MDF.CA support and resistance levels.