MAXIM POWER CORP (MXG.CA) Stock Technical Analysis
TSX:MXG - Toronto Stock Exchange - CA57773Y2096 - Common Stock - Currency: CAD
We assign a technical rating of 6 out of 10 to MXG. 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 6183 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
MXG is one of the better performing stocks in the Independent Power and Renewable Electricity Producers industry, it outperforms 74% of 36 stocks in the same industry.
In the last month MXG has a been trading in the 4.28 - 4.83 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
When compared to the yearly performance of all other stocks, MXG outperforms 67% of them, which is more or less in line with the market.
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.
Considerably lower volume is observed in the last couple of days.
MXG has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 4.44, 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
We found 2 important support areas.
- A support zone ranging from 4.42 to 4.51. 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.
We can see 2 important resistance areas.
- Resistance @4.56 from a horizontal line in the weekly time frame.
- Resistance @4.69 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 | 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 | 67.87 | 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) | 56.21 | 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) | 46.37 | NEUTRAL | The Stochastics value for MXG.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.8 | MEDIUM VOLATILITY | The ATR as a percentage value for MXG.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 17.92 | 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 (7/3/2025, 7:00:00 PM)
4.55
-0.08 (-1.73%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Performance
% Chg-1.73%
1 Week2.71%
2 Weeks-0.87%
1 Month6.06%
3 Month19.42%
6 Month-25.16%
12 Month16.37%
2 Year-8.27%
3 Year37.05%
5 Year121.95%
10 Year93.62%
15 Year63.67%
Volatility
ATR(14)0.18
ATR(20)%3.8%
ATR Inc83.51%
Range Today0.16
ADR(20)0.16
ADR(20)%3.5%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS67.87
Mansfield-0.82
10 Day High4.83
10 Day Low4.36
20 Day High4.83
20 Day Low4.28
52 Week High6.53
52 Week Low3.63
CS1 End4.44
CR1 Start4.46
Volume & EV
DER(3)4.06%
DER(5)-4.51%
Volume2.09K
Volume Incr-48.77%
Vol(5)3.64K
Vol(50)6.18K