MINERVA INTELLIGENCE INC (MVAI.CA) Stock Technical Analysis
Canada - TSX Venture Exchange - TSX-V:MVAI - CA60337M1095 - Common Stock
Taking everything into account, MVAI scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, MVAI has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that MVAI is one of the better performing stocks in the market, outperforming 98% of all stocks.
- MVAI 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 MVAI is lagging the market slightly.
- In the last month MVAI has a been trading in the 0.06 - 0.11 range, which is quite wide. It is currently trading near the high of this range.
MVAI has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. We notice that large players showed an interest for MVAI in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
0.06
2 important support areas can be observed.
- A support zone ranging from 0.09 to 0.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 0.06 to 0.06. This zone is formed by a combination of multiple trend lines 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 MVAI.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MVAI.CA is up. |
| ChartMill Relative Strength | 98.61 | POSITIVE | MVAI.CA has a high relative strength, it outperformed 98.61% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MVAI.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MVAI.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MVAI.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.08 | NEUTRAL | The RSI value for MVAI.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests MVAI.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 72.73 | NEUTRAL | The Stochastics value for MVAI.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 13.16 | HIGH VOLATILITY | The high ATR as a percentage value for MVAI.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 29.77 | POSITIVE | The high ADX value value for MVAI.CA suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 0.12 | 0.08 | 0.04 (33.33%) | 3.00% |
| An entry @0.12. This is a Buy Stop order right above the 10 day high. | An exit @0.08. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.04 points, which is 33.33%. | For a 1.00% total portfolio risk, you can invest 3.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
TSX-V:MVAI (8/24/2023, 7:00:00 PM)
0.095
-0.01 (-5%)
MINERVA INTELLIGENCE INC / MVAI.CA FAQ
What is the ChartMill technical rating of MINERVA INTELLIGENCE INC (MVAI.CA) stock?
ChartMill assigns a technical rating of 9 / 10 to MVAI.CA.
What is the current trend direction of MINERVA INTELLIGENCE INC (MVAI.CA) stock?
The current trend direction for MINERVA INTELLIGENCE INC (MVAI.CA) is Bullish.
Can you provide the RSI signal for MINERVA INTELLIGENCE INC?
MINERVA INTELLIGENCE INC (MVAI.CA) has an RSI value of 57.0779. This indicates that the stock is currently neutral.
Can you provide the short term momentum for MINERVA INTELLIGENCE INC?
The short term momentum for MINERVA INTELLIGENCE INC (MVAI.CA) is positive.
What is the support and resistance level for MVAI stock?
MINERVA INTELLIGENCE INC (MVAI.CA) has a support level at 0.09. Check the full technical report for our detailed analysis of MVAI.CA support and resistance levels.