MEGA URANIUM LTD (MGA.CA) Stock Technical Analysis
Canada - TSX:MGA - CA58516W1041 - Common Stock
0.42 CAD
+0.01 (+1.2%)
Overall MGA gets a technical rating of 8 out of 10. Although MGA is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
MGA is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 87% of 212 stocks in the same industry.
MGA is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
MGA is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
When comparing the yearly performance of all stocks, we notice that MGA is one of the better performing stocks in the market, outperforming 78% of all stocks. However, this relatively good performance is mostly due to a recent big move.
Although MGA has an excellent technical rating, it does not offer a high quality setup 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
0.26
0.44
When analyzing the support we can see 2 important areas.
- A support zone ranging from 0.27 to 0.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.26 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 0.44 to 0.44. 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 MGA.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MGA.CA is up. |
| ChartMill Relative Strength | 78.36 | POSITIVE | MGA.CA has a high relative strength, it outperformed 78.36% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MGA.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MGA.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MGA.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 67.65 | NEUTRAL | The RSI value for MGA.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests MGA.CA has a negative trend. |
| Stochastics (14,3) | 71.94 | NEUTRAL | The Stochastics value for MGA.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 5.95 | HIGH VOLATILITY | The high ATR as a percentage value for MGA.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 52.81 | POSITIVE | The high ADX value value for MGA.CA suggests a strong 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:MGA (10/6/2025, 7:00:00 PM)
0.42
+0.01 (+1.2%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg1.2%
1 Week0%
2 Weeks2.44%
1 Month33.33%
3 Month55.56%
6 Month52.73%
12 Month29.23%
2 Year21.74%
3 Year86.67%
5 Year223.08%
10 Year500%
15 Year-46.15%
Volatility
ATR(14)0.03
ATR(20)%5.95%
ATR Inc-7.89%
Range Today0.02
ADR(20)0.02
ADR(20)%5.68%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS78.36
Mansfield2.03
10 Day High0.45
10 Day Low0.4
20 Day High0.45
20 Day Low0.32
52 Week High0.45
52 Week Low0.23
CS1 End0.27
CR1 Start0.44
Volume & EV
DER(3)-0.5%
DER(5)-0.49%
Volume707.59K
Volume Incr56.83%
Vol(5)1.34M
Vol(50)844.41K