Manitou Gold Inc (MTU.CA) Technical Analysis
TSX-V:MTU • CA5635081006
Current stock price
MTU.CA Technical Rating and Analysis
Overall MTU gets a technical rating of 7 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- In the last month MTU has a been trading in the 0.06 - 0.07 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- MTU is part of the Metals & Mining industry. There are 804 other stocks in this industry. MTU outperforms 97% of them.
- MTU is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so MTU is performing more or less in line with the market.
- MTU has an average volume of 1514180 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the yearly performance of all stocks, we notice that MTU is one of the better performing stocks in the market, outperforming 98% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
- Considerably lower volume is observed in the last couple of days.
MTU.CA Weekly and Daily overview Charts
MTU.CA Setup Rating and Analysis
Although MTU has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
MTU.CA Support and Resistance Analysis
0.02
We found 1 important support area.
- Support @0.02 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- 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 multiple time frames.
- Resistance @0.07 from a horizontal line in the daily time frame.
MTU.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 MTU.CA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MTU.CA is neutral. |
| ChartMill Relative Strength | 98.88 | POSITIVE | MTU.CA has a high relative strength, it outperformed 98.88% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MTU.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of MTU.CA is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MTU.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.74 | NEUTRAL | The RSI value for MTU.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests MTU.CA has a negative trend. |
| Stochastics (14,3) | 33.33 | NEUTRAL | The Stochastics value for MTU.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 4.55 | MEDIUM VOLATILITY | The ATR as a percentage value for MTU.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 41.47 | POSITIVE | The high ADX value value for MTU.CA suggests a strong trend. |
MTU.CA Chart- and CandleStick Pattern Analysis
MTU.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX-V:MTU (5/24/2023, 7:00:00 PM)
0.055
0 (-8.33%)
Manitou Gold Inc / MTU.CA TA FAQ
What is the technical rating for MTU stock?
ChartMill assigns a technical rating of 6 / 10 to MTU.CA.
What is the current trend direction of Manitou Gold Inc (MTU.CA) stock?
The current trend direction for Manitou Gold Inc (MTU.CA) is Bullish.
What is the RSI signal for MTU stock?
Manitou Gold Inc (MTU.CA) has an RSI value of 42.7385. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for Manitou Gold Inc?
Manitou Gold Inc (MTU.CA) has a support level at 0.02 and a resistance level at 0.06. Check the full technical report for our detailed analysis of MTU.CA support and resistance levels.