CNSX:MGRO - Canadian Securities Exchange - CA62822A1030 - Common Stock - Currency: CAD
We assign a technical rating of 6 out of 10 to MGRO. 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.
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.
1.87
We found 2 important support areas.
We found 1 important resistance area.
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 MGRO.CA is up. |
ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MGRO.CA is up. |
ChartMill Relative Strength | 99.7 | POSITIVE | MGRO.CA has a high relative strength, it outperformed 99.7% off all stocks on the market. |
Relative Strength Index/RSI (14) | 55.34 | NEUTRAL | The RSI value for MGRO.CA is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests MGRO.CA has a negative trend. |
Stochastics (14,3) | 55.28 | NEUTRAL | The Stochastics value for MGRO.CA is a neutral value. |
Average Directional Index/ADX (14) | 29.97 | POSITIVE | The high ADX value value for MGRO.CA suggests a strong trend. |
CNSX:MGRO (12/7/2022, 7:00:00 PM)
3.44
+0.09 (+2.69%)