MUSTGROW BIOLOGICS CORP (MGRO.CA) Technical Analysis
CNSX:MGRO • CA62822A1030
Current stock price
MGRO.CA Technical Rating and Analysis
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.
- 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.
MGRO.CA Weekly and Daily overview Charts
MGRO.CA Setup Rating and Analysis
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
MGRO.CA Support and Resistance Analysis
1.87
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.
MGRO.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 | 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. |
MGRO.CA Chart- and CandleStick Pattern Analysis
MGRO.CA Technicals: Chart, Performance Metrics, Trend & Indicators
CNSX:MGRO (12/7/2022, 7:00:00 PM)
3.44
+0.09 (+2.69%)
MUSTGROW BIOLOGICS CORP / MGRO.CA TA FAQ
What is the technical rating for MGRO stock?
ChartMill assigns a technical rating of 5 / 10 to MGRO.CA.
What is the trend direction for MGRO stock?
The current trend direction for MUSTGROW BIOLOGICS CORP (MGRO.CA) is Bullish.
What is the RSI signal for MGRO stock?
MUSTGROW BIOLOGICS CORP (MGRO.CA) has an RSI value of 55.3397. This indicates that the stock is currently neutral.
What is the MACD signal for MUSTGROW BIOLOGICS CORP (MGRO.CA) stock?
The MACD indicator for MUSTGROW BIOLOGICS CORP (MGRO.CA) has a value of -0.0230494, indicating a bearish trend.
What is the buy/sell signal for MGRO stock?
The buy/sell signal for MUSTGROW BIOLOGICS CORP (MGRO.CA) is buy as both the short term and long term trends are positive.