MUSTGROW BIOLOGICS CORP (MGRO.CA) Stock Technical Analysis
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.
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.
Looking at the yearly performance, MGRO did better than 99% of all other stocks.
MGRO is currently making a new 52 week high. This is a strong signal. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, 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.
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.
More info and screens
1.87
3.80
We found 2 important support 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.
We found 1 important resistance area.
- Resistance @3.76 from a horizontal line 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 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. |
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)
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