MAGNUM GOLDCORP INC (MGI.CA) Stock Technical Analysis
TSX-V:MGI - TSX Venture Exchange - CA55973N5029 - Common Stock - Currency: CAD
We assign a technical rating of 3 out of 10 to MGI. In the last year, MGI was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
MGI is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
In the last month MGI has a been trading in the 0.03 - 0.05 range, which is quite wide. It is currently trading near the lows of this range.
Warning: MGI has an average volume of 24282 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
MGI is part of the Consumer Finance industry. There are 6 other stocks in this industry. MGI outperforms 80% of them.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
Looking at the yearly performance, MGI did better than 79% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
Considerably lower volume is observed in the last couple of days.
The technical rating of MGI is bad and it also does not present a 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
0.03
0.06
4 important resistance areas can be observed.
- A resistance zone ranging from 0.03 to 0.03. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 0.04 to 0.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @0.05 from a trend line in the daily time frame.
- Resistance @0.06 from a trend line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.76
Mansfield6.04
10 Day High0.05
10 Day Low0.03
20 Day High0.05
20 Day Low0.03
52 Week High0.1
52 Week Low0.01
Performance
1 Week0%
2 Weeks16.67%
1 Month-12.5%
3 Month-12.5%
6 Month250%
12 Month40%
2 Year16.67%
3 Year-41.67%
5 Year16.67%
10 Year-86%
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0
RSI(14)49.02
LBB0.02
UBB0.05
TSX-V:MGI (5/5/2025, 7:00:00 PM)
0.03
-0.01 (-14.29%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryConsumer Finance
Performance
% Chg-14.29%
1 Week0%
2 Weeks16.67%
1 Month-12.5%
3 Month-12.5%
6 Month250%
12 Month40%
2 Year16.67%
3 Year-41.67%
5 Year16.67%
10 Year-86%
15 YearN/A
Volatility
ATR(14)0
ATR(20)%10.71%
ATR Inc-36.36%
Range Today0
ADR(20)0
ADR(20)%6.67%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.76
Mansfield6.04
10 Day High0.05
10 Day Low0.03
20 Day High0.05
20 Day Low0.03
52 Week High0.1
52 Week Low0.01
CS1 End0.03
CR1 Start0.04
Volume & EV
DER(3)0%
DER(5)0%
Volume2.50K
Volume Incr-41.48%
Vol(5)15.75K
Vol(50)24.28K