MAXIM POWER CORP (MXG.CA) Stock Technical Analysis
TSX:MXG - Toronto Stock Exchange - CA57773Y2096 - Common Stock - Currency: CAD
Overall MXG gets a technical rating of 2 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. MXG was also a bad performer in the overall market in the last year.
72% of all other stocks performed better in the past year than MXG.
MXG is part of the Independent Power and Renewable Electricity Producers industry. There are 37 other stocks in this industry, of which 83% are performing better than MXG.
MXG is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MXG is lagging the market.
Warning: MXG has an average volume of 7934 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
In the last month MXG has a been trading in the 3.68 - 4.45 range, which is quite wide. It is currently trading near the high of this range.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
Considerably lower volume is observed in the last couple of days.
MXG has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 4.34, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for MXG 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
3.71
4.50
We found 3 important support areas.
- A support zone ranging from 4.29 to 4.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 4.14 to 4.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 3.75 to 3.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- Resistance @4.38 from a horizontal line in the weekly time frame.
- Resistance @4.46 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 | DOWN | NEGATIVE | The long term trend for MXG.CA is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MXG.CA is up. |
| ChartMill Relative Strength | 28.79 | NEGATIVE | MXG.CA has a low relative strength, it was outperformed by 71.21% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MXG.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of MXG.CA is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of MXG.CA is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.97 | NEUTRAL | The RSI value for MXG.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests MXG.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 90.02 | OVERBOUGHT | The high Stochastics value suggests MXG.CA may be overbought. |
| Average True Range in percent/ATR (20) | 3.09 | MEDIUM VOLATILITY | The ATR as a percentage value for MXG.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 18.02 | NEGATIVE | The low ADX value for MXG.CA suggests a weak or negative 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)
TSX:MXG (5/30/2025, 7:00:00 PM)
4.37
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Performance
% Chg0%
1 Week4.3%
2 Weeks0.23%
1 Month14.7%
3 Month-15.31%
6 Month-15.31%
12 Month6.59%
2 Year20.05%
3 Year18.75%
5 Year105.16%
10 Year73.41%
15 Year45.67%
Volatility
ATR(14)0.11
ATR(20)%3.09%
ATR Inc-67.25%
Range Today0
ADR(20)0.12
ADR(20)%2.78%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS28.79
Mansfield-0.65
10 Day High4.45
10 Day Low4.16
20 Day High4.45
20 Day Low3.68
52 Week High6.53
52 Week Low3.63
CS1 End4.34
CR1 Start4.38
Volume & EV
DER(3)0%
DER(5)5.18%
Volume900
Volume Incr-62.71%
Vol(5)2.44K
Vol(50)7.93K