MAGMA SILVER CORP (MGMA.CA) Stock Technical Analysis
TSX-V:MGMA • CA5589221004
We assign a technical rating of 3 out of 10 to MGMA. MGMA performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
- 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 816 other stocks in this industry, of which 93% are performing better than MGMA.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- In the last month MGMA has a been trading in the 0.23 - 0.39 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
The technical rating of MGMA 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
0.26
We found 1 important support area.
- A support zone ranging from 0.26 to 0.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 0.29 to 0.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | NEUTRAL | NEUTRAL | The long term trend for MGMA.CA is neutral. |
| 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 | MIXED | The current price of MGMA.CA is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MGMA.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.13 | 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, although the MACD value is rising. |
| Stochastics (14,3) | 44.44 | NEUTRAL | The Stochastics value for MGMA.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 13.3 | HIGH VOLATILITY | The high ATR as a percentage value for MGMA.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 15.77 | NEGATIVE | The low ADX value for MGMA.CA suggests a weak or negative trend. |
TSX-V:MGMA (2/27/2026, 7:00:00 PM)
0.28
0 (-1.75%)
MAGMA SILVER CORP / MGMA.CA FAQ
Can you provide the ChartMill technical rating for MAGMA SILVER CORP?
ChartMill assigns a technical rating of 3 / 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 Bearish.
What is the RSI signal for MAGMA SILVER CORP (MGMA.CA) stock?
MAGMA SILVER CORP (MGMA.CA) has an RSI value of 45.1305. 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.