MEGA URANIUM LTD (MGA.CA) Stock Technical Analysis
Canada - TSX:MGA - CA58516W1041 - Common Stock
Taking everything into account, MGA scores 6 out of 10 in our technical rating. MGA has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
MGA has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 0.38, a Stop Loss order could be placed below this zone.
More info and screens
0.26
4 important support areas can be observed.
- A support zone ranging from 0.38 to 0.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.28 from a trend line in the daily time frame.
- 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.
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 | NEUTRAL | NEUTRAL | The short term trend for MGA.CA is neutral. |
| ChartMill Relative Strength | 76.59 | POSITIVE | MGA.CA has a high relative strength, it outperformed 76.59% 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) | UP | POSITIVE | The current price of MGA.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.64 | NEUTRAL | The RSI value for MGA.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests MGA.CA has a negative trend. |
| Stochastics (14,3) | 29.82 | NEUTRAL | The Stochastics value for MGA.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 8.96 | HIGH VOLATILITY | The high ATR as a percentage value for MGA.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 26.02 | POSITIVE | The high ADX value value for MGA.CA suggests a strong 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 |
|---|---|---|---|
| 0.43 | 0.37 | 0.05 (12.94%) | 7.73% |
| An entry @0.42. This is a Buy Stop order right above the 10 day moving average. | An exit @0.37. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.05 points, which is 12.94%. | For a 1.00% total portfolio risk, you can invest 7.73% 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:MGA (11/7/2025, 7:00:00 PM)
0.385
+0.01 (+1.32%)
MEGA URANIUM LTD / MGA.CA FAQ
Can you provide the ChartMill technical rating for MEGA URANIUM LTD?
ChartMill assigns a technical rating of 6 / 10 to MGA.CA.
Can you provide the trend direction for MEGA URANIUM LTD?
The current trend direction for MEGA URANIUM LTD (MGA.CA) is Bullish.
What is the RSI signal for MEGA URANIUM LTD (MGA.CA) stock?
MEGA URANIUM LTD (MGA.CA) has an RSI value of 45.6377. This indicates that the stock is currently neutral.
Can you provide the MACD signal for MEGA URANIUM LTD?
The MACD indicator for MEGA URANIUM LTD (MGA.CA) has a value of -0.00598847, indicating a bearish trend.
Can you provide the support and resistance levels for MEGA URANIUM LTD?
MEGA URANIUM LTD (MGA.CA) has a support level at 0.38. Check the full technical report for our detailed analysis of MGA.CA support and resistance levels.