MAJOR DRILLING GROUP INTL (MDI.CA) Stock Technical Analysis
Canada - TSX:MDI - CA5609091031 - Common Stock
We assign a technical rating of 9 out of 10 to MDI. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MDI is showing a nice and steady performance.
MDI 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
8.51
5 important support areas can be observed.
- A support zone ranging from 11.72 to 12.04. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- 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 10.33 to 10.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @9.89 from a trend line in the weekly time frame.
- 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.
We can see 2 important resistance areas.
- Resistance @12.60 from a trend line 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 | UP | POSITIVE | The short term trend for MDI.CA is up. |
| ChartMill Relative Strength | 80.4 | POSITIVE | MDI.CA has a high relative strength, it outperformed 80.4% 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) | 50.46 | NEUTRAL | The RSI value for MDI.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests MDI.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 53.01 | NEUTRAL | The Stochastics value for MDI.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.67 | MEDIUM VOLATILITY | The ATR as a percentage value for MDI.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 22.13 | NEUTRAL | The ADX value for MDI.CA suggests a possible start of a new 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 |
|---|---|---|---|
| 12.61 | 11.71 | 0.90 (7.14%) | 14.01% |
| An entry @12.61. This is a Buy Stop order right above the resistance zone. | An exit @11.71. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.90 points, which is 7.14%. | For a 1.00% total portfolio risk, you can invest 14.01% 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 (11/17/2025, 7:00:00 PM)
12.15
-0.1 (-0.82%)
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 9 / 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 50.4618. 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 -0.055428, 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 12.04 and a resistance level at 12.6. Check the full technical report for our detailed analysis of MDI.CA support and resistance levels.