Logo image of MGRO.CA

MUSTGROW BIOLOGICS CORP (MGRO.CA) Stock Technical Analysis

CNSX:MGRO - Canadian Securities Exchange - CA62822A1030 - Common Stock - Currency: CAD

3.44  +0.09 (+2.69%)

Technical Rating and Analysis

6

Taking everything into account, MGRO scores 6 out of 10 in our technical rating. MGRO was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.

Warning: MGRO has an average volume of 0 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.
When comparing the yearly performance of all stocks, we notice that MGRO is one of the better performing stocks in the market, outperforming 99% of all stocks.
A new 52 week high is currently being made by MGRO, which is a very good signal! Especially since the S&P500 is only trading in the upper part of its 52 week range, so MGRO is leading the market.
In the last month MGRO has a been trading in the 2.86 - 3.80 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Weekly and Daily overview Charts
MUSTGROW BIOLOGICS CORP / MGRO Weekly stock chart
MUSTGROW BIOLOGICS CORP / MGRO Daily stock chart
Setup Rating and Analysis

1

MGRO has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.

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Support and Resistance Analysis

1.87

3.80

When analyzing the support we can see 2 important areas.

  • Support @3.34 from a horizontal line in the daily time frame.
  • Support @1.89 from a horizontal line in the weekly time frame.

When analyzing the resistance we notice one important area.

  • Resistance @3.76 from a horizontal line in the daily time frame.

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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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorUPPOSITIVEThe long term trend for MGRO.CA is up.
ChartMill Short Term Trend IndicatorUPPOSITIVEThe short term trend for MGRO.CA is up.
ChartMill Relative Strength99.7POSITIVEMGRO.CA has a high relative strength, it outperformed 99.7% off all stocks on the market.
Relative Strength Index/RSI (14)55.34NEUTRALThe RSI value for MGRO.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)-0.02NEGATIVEThe MACD value suggests MGRO.CA has a negative trend.
Stochastics (14,3)55.28NEUTRALThe Stochastics value for MGRO.CA is a neutral value.
Average Directional Index/ADX (14)29.97POSITIVEThe high ADX value value for MGRO.CA suggests a strong trend.
Chart- and CandleStick Pattern Analysis
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)

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MUSTGROW BIOLOGICS CORP / MGRO Daily stock chart

MUSTGROW BIOLOGICS CORP

CNSX:MGRO (12/7/2022, 7:00:00 PM)

3.44

+0.09 (+2.69%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg2.69%
1 Week1.18%
2 Weeks-4.44%
1 Month34300%
3 Month18.82%
6 Month431.58%
12 Month494.12%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0
ATR(20)%0%
ATR Inc1100%
Range Today0.09
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.7
Mansfield11.21
10 Day High3.8
10 Day Low3.29
20 Day High3.8
20 Day Low2.86
52 Week High2.28
52 Week Low0.25
CS1 End3.34
CR1 Start3.76
Volume & EV
DER(3)98.55%
DER(5)131.22%
Volume209.21K
Volume IncrInfinity%
Vol(5)47.00K
Vol(50)N/A