MAJOR DRILLING GROUP INTL (MDI.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:MDI - CA5609091031 - Common Stock
Overall MDI gets a technical rating of 10 out of 10. Both in the recent history as in the last year, MDI 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.
- Looking at the yearly performance, MDI did better than 78% of all other stocks. On top of that, MDI also shows a nice and consistent pattern of rising prices.
- A new 52 week high is currently being made by MDI, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month MDI has a been trading in the 12.67 - 17.00 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- MDI is part of the Metals & Mining industry. There are 820 other stocks in this industry, MDI did better than 42% of them.
- 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 present a decent entry opportunity 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
11.36
4 important support areas can be observed.
- A support zone ranging from 14.65 to 14.69. 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 14.05 to 14.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 13.66 to 13.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @11.47 from a trend line in the weekly 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 | 78.72 | POSITIVE | MDI.CA has a high relative strength, it outperformed 78.72% off all stocks 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) | 76.04 | OVERBOUGHT | The high RSI value suggests MDI.CA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.17 | POSITIVE | The MACD value suggests MDI.CA has a positive trend. |
| Stochastics (14,3) | 86.68 | OVERBOUGHT | The high Stochastics value suggests MDI.CA may be overbought. |
| Average True Range in percent/ATR (20) | 3.74 | MEDIUM VOLATILITY | The ATR as a percentage value for MDI.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 26.06 | POSITIVE | The high ADX value value for MDI.CA suggests a strong trend. |
TSX:MDI (1/26/2026, 7:00:00 PM)
16.04
+0.33 (+2.1%)
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 10 / 10 to MDI.CA.
What is the current trend direction of MAJOR DRILLING GROUP INTL (MDI.CA) stock?
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 76.0381. This indicates that the stock is currently overbought.
What is the MACD signal for MDI stock?
The MACD indicator for MAJOR DRILLING GROUP INTL (MDI.CA) has a value of 0.166513, indicating a bearish trend.
What are the support and resistance levels for MAJOR DRILLING GROUP INTL (MDI.CA) stock?
MAJOR DRILLING GROUP INTL (MDI.CA) has a support level at 14.69. Check the full technical report for our detailed analysis of MDI.CA support and resistance levels.