MAGNUM GOLDCORP INC (MGI.CA) Stock Technical Analysis
Canada - TSX Venture Exchange - TSX-V:MGI - CA55973N6019 - Common Stock
Taking everything into account, MGI scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, MGI has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Warning: MGI has an average volume of 22025 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, MGI did better than 99% of all other stocks. On top of that, MGI also shows a nice and consistent pattern of rising prices.
- MGI is part of the Consumer Finance industry. There are 8 other stocks in this industry. MGI outperforms 100% of them.
- MGI is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MGI is lagging the market.
- In the last month MGI has a been trading in the 0.03 - 0.19 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
Although MGI has an excellent technical rating, it does not present a decent entry opportunity 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
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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 MGI.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MGI.CA is up. |
| ChartMill Relative Strength | 99.69 | POSITIVE | MGI.CA has a high relative strength, it outperformed 99.69% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MGI.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MGI.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MGI.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.56 | NEUTRAL | The RSI value for MGI.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests MGI.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 70.83 | NEUTRAL | The Stochastics value for MGI.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 16.15 | HIGH VOLATILITY | The high ATR as a percentage value for MGI.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 36.9 | POSITIVE | The high ADX value value for MGI.CA suggests a strong trend. |
TSX-V:MGI (6/18/2025, 7:00:00 PM)
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-0.02 (-13.33%)
MAGNUM GOLDCORP INC / MGI.CA FAQ
What is the ChartMill technical rating of MAGNUM GOLDCORP INC (MGI.CA) stock?
ChartMill assigns a technical rating of 10 / 10 to MGI.CA.
Can you provide the trend direction for MAGNUM GOLDCORP INC?
The current trend direction for MAGNUM GOLDCORP INC (MGI.CA) is Bullish.
What is the RSI signal for MAGNUM GOLDCORP INC (MGI.CA) stock?
MAGNUM GOLDCORP INC (MGI.CA) has an RSI value of 62.5638. This indicates that the stock is currently neutral.
Can you provide the MACD signal for MAGNUM GOLDCORP INC?
The MACD indicator for MAGNUM GOLDCORP INC (MGI.CA) has a value of 0.00720587, indicating a bearish trend.
What is the short term momentum for MAGNUM GOLDCORP INC (MGI.CA) stock?
The short term momentum for MAGNUM GOLDCORP INC (MGI.CA) is positive.