MAJOR DRILLING GROUP INTL (MDI.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:MDI - CA5609091031 - Common Stock
We assign a technical rating of 8 out of 10 to MDI. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
Besides having an excellent technical rating, MDI also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 11.52, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for MDI in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
8.51
4 important support areas can be observed.
- A support zone ranging from 11.45 to 11.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 10.41 to 10.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 9.89 to 10.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 8.60 to 8.61. This zone is formed by a combination of multiple trend lines in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 12.17 to 12.30. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @12.84 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 | UP | POSITIVE | The long term trend for MDI.CA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MDI.CA is neutral. |
| ChartMill Relative Strength | 80.17 | POSITIVE | MDI.CA has a high relative strength, it outperformed 80.17% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MDI.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MDI.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MDI.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.91 | NEUTRAL | The RSI value for MDI.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests MDI.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 40.14 | NEUTRAL | The Stochastics value for MDI.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.65 | MEDIUM VOLATILITY | The ATR as a percentage value for MDI.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 17.91 | NEGATIVE | The low ADX value for MDI.CA suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 12.31 | 11.58 | 0.73 (5.93%) | 16.86% |
| An entry @12.31. This is a Buy Stop order right above the resistance zone. | An exit @11.58. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.73 points, which is 5.93%. | For a 1.00% total portfolio risk, you can invest 16.86% of your capital in this trade. |
- 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.
TSX:MDI (11/21/2025, 7:00:00 PM)
11.95
+0.15 (+1.27%)
MAJOR DRILLING GROUP INTL / MDI.CA FAQ
Can you provide the ChartMill technical rating for MAJOR DRILLING GROUP INTL?
ChartMill assigns a technical rating of 8 / 10 to MDI.CA.
Can you provide the trend direction for MAJOR DRILLING GROUP INTL?
The current trend direction for MAJOR DRILLING GROUP INTL (MDI.CA) is Bullish.
What is the RSI signal for MDI stock?
MAJOR DRILLING GROUP INTL (MDI.CA) has an RSI value of 47.908. This indicates that the stock is currently neutral.
What is the MACD signal for MAJOR DRILLING GROUP INTL (MDI.CA) stock?
The MACD indicator for MAJOR DRILLING GROUP INTL (MDI.CA) has a value of -0.0685274, indicating a bearish trend.
What is the support and resistance level for MDI stock?
MAJOR DRILLING GROUP INTL (MDI.CA) has a support level at 11.52 and a resistance level at 12.17. Check the full technical report for our detailed analysis of MDI.CA support and resistance levels.