MAGNA GOLD CORP (MGR.CA) Technical Analysis
TSX-V:MGR • CA55921P1045
Current stock price
MGR.CA Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to MGR. MGR's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, MGR is a bad performer in the overall market: 100% of all stocks are doing better.
- MGR is one of the lesser performing stocks in the Metals & Mining industry. 94% of 795 stocks in the same industry do better.
- MGR is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so MGR is lagging the market.
- In the last month MGR has a been trading in the 0.01 - 0.02 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.
MGR.CA Weekly and Daily overview Charts
MGR.CA Setup Rating and Analysis
Although the technical rating is bad, MGR does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price.
More info and screens
MGR.CA Support and Resistance Analysis
MGR.CA Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The long term trend for MGR.CA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MGR.CA is down. |
| ChartMill Relative Strength | 0.37 | NEGATIVE | MGR.CA has a low relative strength, it was outperformed by 99.63% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MGR.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MGR.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MGR.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 41.55 | NEUTRAL | The RSI value for MGR.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests MGR.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 50 | NEUTRAL | The Stochastics value for MGR.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 35 | HIGH VOLATILITY | The high ATR as a percentage value for MGR.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 18.34 | NEGATIVE | The low ADX value for MGR.CA suggests a weak or negative trend. |
MGR.CA Chart- and CandleStick Pattern Analysis
MGR.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX-V:MGR (3/27/2023, 7:00:00 PM)
0.01
0 (-33.33%)
MAGNA GOLD CORP / MGR.CA TA FAQ
What is the ChartMill technical rating of MAGNA GOLD CORP (MGR.CA) stock?
ChartMill assigns a technical rating of 0 / 10 to MGR.CA.
What is the trend direction for MGR stock?
The current trend direction for MAGNA GOLD CORP (MGR.CA) is Bearish.
What is the RSI signal for MGR stock?
MAGNA GOLD CORP (MGR.CA) has an RSI value of 41.5494. This indicates that the stock is currently neutral.
What is the MACD signal for MAGNA GOLD CORP (MGR.CA) stock?
The MACD indicator for MAGNA GOLD CORP (MGR.CA) has a value of 0.000824651, indicating a bearish trend.
What is the buy/sell signal for MAGNA GOLD CORP (MGR.CA) stock?
The buy/sell signal for MAGNA GOLD CORP (MGR.CA) is sell as both the short term and long term trends are negative.