MINAURUM GOLD INC (MGG.CA) Stock Technical Analysis
TSX-V:MGG - TSX Venture Exchange - CA60252Q1019 - Common Stock - Currency: CAD
Overall MGG gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, MGG is only an average performer.
Both the short term and long term trends are positive. This is a very positive sign.
MGG is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so MGG is performing more or less in line with the market.
In the last month MGG has a been trading in the 0.15 - 0.28 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.
When comparing the yearly performance of all stocks, we notice that MGG is one of the better performing stocks in the market, outperforming 75% of all stocks. However, this relatively good performance is mostly due to a recent big move.
MGG is an average performer in the Metals & Mining industry, it outperforms 57% of 805 stocks in the same industry.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although MGG 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
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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 MGG.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MGG.CA is up. |
| ChartMill Relative Strength | 75.63 | POSITIVE | MGG.CA has a high relative strength, it outperformed 75.63% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MGG.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MGG.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MGG.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 78.09 | OVERBOUGHT | The high RSI value suggests MGG.CA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests MGG.CA has a positive trend. |
| Stochastics (14,3) | 93.16 | OVERBOUGHT | The high Stochastics value suggests MGG.CA may be overbought. |
| Average True Range in percent/ATR (20) | 5.61 | HIGH VOLATILITY | The high ATR as a percentage value for MGG.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 31.06 | POSITIVE | The high ADX value value for MGG.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-V:MGG (6/4/2025, 7:00:00 PM)
0.285
+0.01 (+3.64%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg3.64%
1 Week39.02%
2 Weeks72.73%
1 Month78.13%
3 Month23.91%
6 Month23.91%
12 Month7.55%
2 Year96.55%
3 Year26.67%
5 Year-41.84%
10 Year216.67%
15 Year-61.49%
Volatility
ATR(14)0.02
ATR(20)%5.61%
ATR Inc144.19%
Range Today0.02
ADR(20)0.01
ADR(20)%5.18%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS75.63
Mansfield2.82
10 Day High0.28
10 Day Low0.17
20 Day High0.28
20 Day Low0.15
52 Week High0.3
52 Week Low0.13
CS1 EndN/A
CR1 StartN/A
Volume & EV
DER(3)-6.02%
DER(5)-22.74%
Volume753.26K
Volume Incr88.32%
Vol(5)607.63K
Vol(50)324.27K