MINAURUM SILVER INC (MGG.CA) Stock Technical Analysis
TSX-V:MGG • CA60252Q1019
We assign a technical rating of 9 out of 10 to MGG. In the last year, MGG was one of the better performers, but we do observe some doubts in the very recent evolution.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- Looking at the yearly performance, MGG did better than 83% of all other stocks. On top of that, MGG also shows a nice and consistent pattern of rising prices.
- MGG is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so MGG is lagging the market slightly.
- In the last month MGG has a been trading in the 0.42 - 0.60 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- MGG has an average volume of 1664800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- MGG is part of the Metals & Mining industry. There are 802 other stocks in this industry, MGG did better than 53% of them.
- Considerably lower volume is observed in the last couple of days.
MGG has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 0.47, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for MGG in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
0.36
We found 3 important support areas.
- A support zone ranging from 0.47 to 0.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 0.45 to 0.45. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @0.36 from a trend line in the weekly time frame.
3 important resistance areas can be observed.
- Resistance @0.51 from a trend line in the daily time frame.
- Resistance @0.55 from a trend line in the daily time frame.
- Resistance @0.57 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 MGG.CA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MGG.CA is neutral. |
| ChartMill Relative Strength | 83.5 | POSITIVE | MGG.CA has a high relative strength, it outperformed 83.5% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of MGG.CA is above a declining 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) | 50.94 | NEUTRAL | The RSI value for MGG.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests MGG.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 50 | NEUTRAL | The Stochastics value for MGG.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 11.57 | HIGH VOLATILITY | The high ATR as a percentage value for MGG.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 16.5 | NEGATIVE | The low ADX value for MGG.CA suggests a weak or negative 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 |
|---|---|---|---|
| 0.52 | 0.46 | 0.06 (11.54%) | 8.67% |
| An entry @0.52. This is a Buy Stop order right above the resistance zone. | An exit @0.46. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.06 points, which is 11.54%. | For a 1.00% total portfolio risk, you can invest 8.67% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of MGG. Please evaluate whether better entry and exit points can be found.
- 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-V:MGG (2/25/2026, 7:00:00 PM)
0.51
0 (0%)
MINAURUM SILVER INC / MGG.CA FAQ
Can you provide the ChartMill technical rating for MINAURUM SILVER INC?
ChartMill assigns a technical rating of 9 / 10 to MGG.CA.
What is the current trend direction of MINAURUM SILVER INC (MGG.CA) stock?
The current trend direction for MINAURUM SILVER INC (MGG.CA) is Bullish.
Can you provide the RSI signal for MINAURUM SILVER INC?
MINAURUM SILVER INC (MGG.CA) has an RSI value of 50.9396. This indicates that the stock is currently neutral.
What is the MACD signal for MGG stock?
The MACD indicator for MINAURUM SILVER INC (MGG.CA) has a value of -0.0021163, indicating a bearish trend.