MINERVA INTELLIGENCE INC (MVAI.CA) Stock Technical Analysis
TSX-V:MVAI - TSX Venture Exchange - CA60337M1095 - Common Stock - Currency: CAD
Overall MVAI gets a technical rating of 10 out of 10. 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. We see reduced volatility while prices have been consolidating in the most recent period. 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
0.10
We found 2 important support areas.
- 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. |
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)
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 worst case loss on the trade is limited to 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%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-5%
1 Week-5%
2 Weeks58.33%
1 Month35.71%
3 Month111.11%
6 Month216.67%
12 Month137.5%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.01
ATR(20)%13.16%
ATR Inc-14.63%
Range Today0.01
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
CRS98.61
Mansfield11.81
10 Day High0.11
10 Day Low0.06
20 Day High0.11
20 Day Low0.06
52 Week High0.11
52 Week Low0.02
CS1 End0.09
CR1 StartN/A
Volume & EV
DER(3)128.61%
DER(5)105.92%
Volume332.65K
Volume Incr-7.34%
Vol(5)153.14K
Vol(50)135.71K