MAGMA SILVER CORP (MGMA.CA) Stock Technical Analysis
Canada • TSX Venture Exchange • TSX-V:MGMA • CA5589221004
We assign a technical rating of 5 out of 10 to MGMA. In the last year, MGMA was a bad performer. We also see some doubts in the very recent evolution, but in the medium term things still look positive.
- When comparing the yearly performance of all stocks, MGMA is a bad performer in the overall market: 100% of all stocks are doing better.
- MGMA is part of the Metals & Mining industry. There are 814 other stocks in this industry, of which 94% are performing better than MGMA.
- In the last month MGMA has a been trading in the 0.28 - 0.44 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
MGMA has an average technical rating and the quality of the presented setup is also not ideal 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
0.17
We found 4 important support areas.
- Support @0.25 from a trend line in the daily time frame.
- Support @0.24 from a trend line in the weekly time frame.
- Support @0.19 from a trend line in the daily time frame.
- A support zone ranging from 0.17 to 0.17. This zone is formed by a combination of multiple trend lines 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 MGMA.CA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MGMA.CA is neutral. |
| ChartMill Relative Strength | 0 | NEGATIVE | MGMA.CA has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MGMA.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MGMA.CA is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 47.47 | NEUTRAL | The RSI value for MGMA.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests MGMA.CA has a negative trend. |
| Stochastics (14,3) | 52.08 | NEUTRAL | The Stochastics value for MGMA.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 12.62 | HIGH VOLATILITY | The high ATR as a percentage value for MGMA.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 32.84 | POSITIVE | The high ADX value value for MGMA.CA suggests a strong trend. |
TSX-V:MGMA (2/2/2026, 7:00:00 PM)
0.315
-0.03 (-10%)
MAGMA SILVER CORP / MGMA.CA FAQ
Can you provide the ChartMill technical rating for MAGMA SILVER CORP?
ChartMill assigns a technical rating of 5 / 10 to MGMA.CA.
What is the current trend direction of MAGMA SILVER CORP (MGMA.CA) stock?
The current trend direction for MAGMA SILVER CORP (MGMA.CA) is Bullish.
What is the RSI signal for MAGMA SILVER CORP (MGMA.CA) stock?
MAGMA SILVER CORP (MGMA.CA) has an RSI value of 47.4732. This indicates that the stock is currently neutral.
What is the short term momentum for MAGMA SILVER CORP (MGMA.CA) stock?
The short term momentum for MAGMA SILVER CORP (MGMA.CA) is neutral.