Manitou Gold Inc (MTU.CA) Stock Technical Analysis
Canada • TSX Venture Exchange • TSX-V:MTU • CA5635081006
Overall MTU gets a technical rating of 7 out of 10. In the last year, MTU was one of the better performers, but we do observe some doubts in the very recent evolution.
- 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 short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- MTU is one of the better performing stocks in the Metals & Mining industry, it outperforms 97% of 812 stocks in the same industry.
- MTU is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so MTU is lagging the market slightly.
- 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.
- Looking at the yearly performance, MTU did better than 98% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
- Considerably lower volume is observed in the last couple of days.
Although MTU has an excellent technical rating, it does not offer a high quality setup 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
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.
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. |
TSX-V:MTU (5/24/2023, 7:00:00 PM)
0.055
0 (-8.33%)
Manitou Gold Inc / MTU.CA 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.