MEGA URANIUM LTD (MGA.CA) Stock Technical Analysis
TSX:MGA - Toronto Stock Exchange - CA58516W1041 - Common Stock - Currency: CAD
We assign a technical rating of 1 out of 10 to MGA. MGA scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
80% of all other stocks performed better in the past year than MGA.
MGA is part of the Oil, Gas & Consumable Fuels industry. There are 214 other stocks in this industry, of which 63% are performing better than MGA.
MGA is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month MGA has a been trading in the 0.27 - 0.31 range, which is quite wide. It is currently trading near the lows of this range.
MGA has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 0.28. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 0.27, a Stop Loss order could be placed below this zone.
More info and screens
0.25
0.40
We found 3 important support areas.
- A support zone ranging from 0.27 to 0.27. 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 0.26 to 0.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.25 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 0.28 to 0.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 0.30 to 0.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @0.32 from a horizontal line in the daily time frame.
- Resistance @0.40 from a horizontal 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 | DOWN | NEGATIVE | The long term trend for MGA.CA is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MGA.CA is neutral. |
| ChartMill Relative Strength | 20.93 | NEGATIVE | MGA.CA has a low relative strength, it was outperformed by 79.07% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MGA.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of MGA.CA is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MGA.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.05 | 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, although the MACD value is rising. |
| Stochastics (14,3) | 46.67 | NEUTRAL | The Stochastics value for MGA.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 5 | MEDIUM VOLATILITY | The ATR as a percentage value for MGA.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 10.62 | NEGATIVE | The low ADX value for MGA.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:MGA (7/16/2025, 7:00:00 PM)
0.275
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0%
1 Week0%
2 Weeks-1.79%
1 Month-11.29%
3 Month3.77%
6 Month-17.91%
12 Month-9.84%
2 Year25%
3 Year19.57%
5 Year150%
10 Year292.86%
15 Year-46.08%
Volatility
ATR(14)0.01
ATR(20)%5%
ATR Inc1.45%
Range Today0.01
ADR(20)0.01
ADR(20)%4.86%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.93
Mansfield-1.54
10 Day High0.28
10 Day Low0.27
20 Day High0.31
20 Day Low0.27
52 Week High0.4
52 Week Low0.23
CS1 End0.27
CR1 Start0.28
Volume & EV
DER(3)0%
DER(5)0%
Volume560.98K
Volume Incr-29.84%
Vol(5)399.10K
Vol(50)477.30K