MAJOR DRILLING GROUP INTL (MDI.CA) Stock Technical Analysis
TSX:MDI - CA5609091031 - Common Stock
9.68 CAD
+0.46 (+4.99%)
We assign a technical rating of 7 out of 10 to MDI. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, MDI is only an average performer.
Both the short term and long term trends are positive. This is a very positive sign.
MDI is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so MDI is lagging the market slightly.
In the last month MDI has a been trading in the 8.63 - 9.76 range, which is quite wide. It is currently trading near the high of this range.
When compared to the yearly performance of all other stocks, MDI outperforms 55% of them, which is more or less in line with the market.
MDI is an average performer in the Metals & Mining industry, it outperforms 41% of 796 stocks in the same industry.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although MDI has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
6.91
9.87
2 important support areas can be observed.
- A support zone ranging from 8.60 to 9.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @6.98 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 9.69 to 9.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The short term trend for MDI.CA is up. |
| ChartMill Relative Strength | 55.77 | NEUTRAL | MDI.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MDI.CA is above the rising 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) | 68.21 | NEUTRAL | The RSI value for MDI.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests MDI.CA has a positive trend. |
| Stochastics (14,3) | 70.04 | NEUTRAL | The Stochastics value for MDI.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.33 | MEDIUM VOLATILITY | The ATR as a percentage value for MDI.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 16.9 | NEGATIVE | The low ADX value for MDI.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:MDI (8/29/2025, 7:00:00 PM)
9.68
+0.46 (+4.99%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg4.99%
1 Week6.61%
2 Weeks5.33%
1 Month10.13%
3 Month19.8%
6 Month17.76%
12 Month2.33%
2 Year11.26%
3 Year8.76%
5 Year43.41%
10 Year139.6%
15 Year269.62%
Volatility
ATR(14)0.23
ATR(20)%2.33%
ATR Inc62.84%
Range Today0.55
ADR(20)0.22
ADR(20)%2.24%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS55.77
Mansfield0.4
10 Day High9.76
10 Day Low8.75
20 Day High9.76
20 Day Low8.63
52 Week High9.9
52 Week Low6.51
CS1 End9.15
CR1 Start9.69
Volume & EV
DER(3)-0.34%
DER(5)-2.66%
Volume235.46K
Volume Incr28.49%
Vol(5)116.46K
Vol(50)90.86K