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Matica Enterprises Inc (MMJ.CA) Stock Technical Analysis

Canada - Canadian Securities Exchange - CNSX:MMJ -

0.05
0 (-9.09%)
Last: 4/8/2021, 8:29:29 PM
Technical Rating and Analysis

6

Taking everything into account, MMJ scores 6 out of 10 in our technical rating. In the last year, MMJ was one of the better performers, but we do observe some doubts in the very recent evolution.

The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
Looking at the yearly performance, MMJ did better than 76% of all other stocks. We also observe that the gains produced by MMJ over the past year are nicely spread over this period.
MMJ is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MMJ is lagging the market.
In the last month MMJ has a been trading in the 0.04 - 0.06 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.

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Weekly and Daily overview Charts
Matica Enterprises Inc / MMJ Weekly stock chart
Matica Enterprises Inc / MMJ Daily stock chart
Setup Rating and Analysis

5

Although the technical rating is only medium, MMJ does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period.

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Support and Resistance Analysis

0.05

0.06

We can see 2 important resistance areas.

  • A resistance zone ranging from 0.05 to 0.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A resistance zone ranging from 0.06 to 0.06. This zone is formed by a combination of multiple trend lines and important moving averages 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 MMJ.CA is up.
ChartMill Short Term Trend IndicatorNEUTRALNEUTRALThe short term trend for MMJ.CA is neutral.
ChartMill Relative Strength76.54POSITIVEMMJ.CA has a high relative strength, it outperformed 76.54% off all stocks on the market.
Simple Moving Average/SMA (20)DOWNNEGATIVEThe current price of MMJ.CA is below a declining SMA(20).
Simple Moving Average/SMA (50)DOWNNEGATIVEThe current price of MMJ.CA is below a declining SMA(50).
Simple Moving Average/SMA (200)UPPOSITIVEThe current price of MMJ.CA is above the rising SMA(200).
Relative Strength Index/RSI (14)44.11NEUTRALThe RSI value for MMJ.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)0NEGATIVEThe MACD value suggests MMJ.CA has a negative trend.
Stochastics (14,3)44.44NEUTRALThe Stochastics value for MMJ.CA is a neutral value.
Average True Range in percent/ATR (20)11HIGH VOLATILITYThe high ATR as a percentage value for MMJ.CA suggests high volalility.
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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Matica Enterprises Inc / MMJ Daily stock chart

Matica Enterprises Inc

CNSX:MMJ (4/8/2021, 8:29:29 PM)

0.05

0 (-9.09%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-9.09%
1 Week-16.67%
2 Weeks0%
1 Month-16.67%
3 Month66.67%
6 Month100%
12 Month100%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.01
ATR(20)%11%
ATR Inc-12.5%
Range Today0
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
CRS76.54
3 months CRSN/A
6 months CRSN/A
Mansfield2.14
10 Day High0.06
10 Day Low0.05
20 Day High0.06
20 Day Low0.05
52 Week High0.09
52 Week Low0.02
CS1 EndN/A
CR1 Start0.05
Volume & EV
DER(3)-14.78%
DER(5)-8.87%
Volume537.20K
Volume Incr-51.9%
Vol(5)301.64K
Vol(50)940.68K

Matica Enterprises Inc / MMJ.CA FAQ

Can you provide the ChartMill technical rating for Matica Enterprises Inc?

ChartMill assigns a technical rating of 6 / 10 to MMJ.CA.


What is the trend direction for MMJ stock?

The current trend direction for Matica Enterprises Inc (MMJ.CA) is Bullish.


What is the RSI signal for Matica Enterprises Inc (MMJ.CA) stock?

Matica Enterprises Inc (MMJ.CA) has an RSI value of 44.1077. This indicates that the stock is currently neutral.


What is the MACD signal for Matica Enterprises Inc (MMJ.CA) stock?

The MACD indicator for Matica Enterprises Inc (MMJ.CA) has a value of -0.0000921986, indicating a bearish trend.


What is the short term momentum for Matica Enterprises Inc (MMJ.CA) stock?

The short term momentum for Matica Enterprises Inc (MMJ.CA) is neutral.