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 6 out of 10. MXG has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
Warning: MXG has an average volume of 5875 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
When comparing the performance of all stocks over the past year, MXG turns out to be only a medium performer in the overall market: it outperformed 64% of all stocks.
MXG is part of the Independent Power and Renewable Electricity Producers industry. There are 37 other stocks in this industry, MXG did better than 63% of them.
MXG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MXG is lagging the market.
In the last month MXG has a been trading in the 4.26 - 4.83 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is only medium, MXG does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 4.57, 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
4.74
When analyzing the support we can see 3 important areas.
- A support zone ranging from 4.55 to 4.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 4.37 to 4.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @3.75 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 4.68 to 4.69. 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 | NEUTRAL | NEUTRAL | The long term trend for MXG.CA is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MXG.CA is up. |
| ChartMill Relative Strength | 64.15 | NEUTRAL | MXG.CA is not amongst the best or worst performers 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) | UP | POSITIVE | The current price of MXG.CA is above the rising 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) | 54.64 | NEUTRAL | The RSI value for MXG.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests MXG.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 59.03 | NEUTRAL | The Stochastics value for MXG.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.6 | MEDIUM VOLATILITY | The ATR as a percentage value for MXG.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 21.25 | NEUTRAL | The ADX value for MXG.CA suggests a possible start of a new 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 |
|---|---|---|---|
| 4.61 | 4.54 | 0.07 (1.52%) | 25.00% |
| An entry @4.61. This is a Buy Stop order right above the resistance zone. | An exit @4.54. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.07 points, which is 1.52%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.38%. |
- The distance between exit and entry is rather small compared to the average daily movement of MXG. Please evaluate whether better entry and exit points can be found.
- 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:MXG (7/28/2025, 7:00:00 PM)
4.63
+0.1 (+2.21%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Performance
% Chg2.21%
1 Week4.79%
2 Weeks0.22%
1 Month3.61%
3 Month21.43%
6 Month-27.72%
12 Month11.14%
2 Year-7.46%
3 Year38.25%
5 Year123.9%
10 Year95.32%
15 Year65.11%
Volatility
ATR(14)0.14
ATR(20)%3.6%
ATR Inc4.33%
Range Today0.31
ADR(20)0.15
ADR(20)%3.22%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS64.15
Mansfield-0.92
10 Day High4.74
10 Day Low4.26
20 Day High4.83
20 Day Low4.26
52 Week High6.53
52 Week Low3.63
CS1 End4.57
CR1 Start4.6
Volume & EV
DER(3)11.31%
DER(5)7.65%
Volume6.04K
Volume Incr-19.66%
Vol(5)4.96K
Vol(50)5.88K