Meyka Pro is live. Get 50% off your first 3 months.Get Started →
Meyka Pro banner
Major Drilling Group International Inc.

MDI.TO Technical Analysis Summary (TSX)

Analyze MDI.TO on the TSX with RSI, MACD, ADX, Bollinger Bands, support, resistance, momentum, and the latest technical trading signals.

MDI.TO●TSX
Basic MaterialsIndustrial Materials
$16.29
$0.26(1.62%)
Canadian Market opens in 18h 9m

Disclaimer for Technical Analysis Page

The technical indicators and trading signals shown on this page are for informational purposes only and do not constitute financial advice. Stock market investments involve risk, and past performance is not a guarantee of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.Read our Full Disclaimer

MDI.TO Technical Analysis Summary (TSX)

Major Drilling Group International Inc. (TSX: MDI.TO) stock currently shows a neutral trend on the TSX, supported by momentum and balanced buying pressure.

Overall Sentiment:Neutral
Momentum:Neutral to Bullish (RSI: 51.62)
Trend Strength:Moderate (ADX: 22.62)
Volatility:Medium (ATR: 0.59)
Support/Resistance:$15.07 – $18.07 (Bollinger Bands)

Technical conditions suggest Major Drilling Group International Inc. on the TSX is awaiting a decisive move. This mix signals that Major Drilling Group International Inc. is trading with strong momentum and healthy trend support.

Momentum Indicators

RSI (14): 51.62

Bullish
Above midpoint suggests upward bias.

Stochastic %K: 31.76

Bearish
Momentum remains weak below midpoint.

Williams %R: -47.09

Neutral
Balanced market without strong signals.

Rate of Change (ROC): -4.96

Bearish
Selling pressure outweighs buying.

Takeaway:Major Drilling Group International Inc. shows neutral momentum, with indicators pointing to indecision.

Trend & Volatility

MACD: -0.06

Bearish
Bearish, trend momentum is strengthening to the downside.

ADX: 22.62

Moderate
Moderate trend, direction gaining strength.

ATR (14): 0.59

Low
Low volatility, stable price action.

CCI (14): 3.66

Neutral
Neutral, no strong directional signal.

Takeaway:Major Drilling Group International Inc. shows weakening trend signals, with bearish pressure building.

Support & Resistance indicators
Bollinger Bands
Upper Band
$18.07
Middle Band (SMA 20)
$16.57
Lower Band
$15.07
Current Position
Within Bands

Takeaway:Major Drilling Group International Inc. trades closer to support, showing weaker momentum within bands.

Keltner Channels
Upper Channel
$17.36
Middle Line (EMA 20)
$16.18
Lower Channel
$15.00
Squeeze Status
No Squeeze

Takeaway:Major Drilling Group International Inc. trades above the trend line, showing healthy momentum within the channel.

Volume & Money Flow Analysis
On-Balance Volume-720.88K
Money Flow Index31.37Bearish, selling pressure outweighs inflows.
Relative Vigor Index55.76Neutral to Bullish, buyers hold a slight edge.

Overall Takeaway:MDI.TO shows mixed signals in money flow analysis.

Technical Trading Signals Summary
Based on the current technical analysis of Major Drilling Group International Inc. (TSX: MDI.TO), here are the key trading signals and recommendations:

Bullish Signals

RSI above 50 → positive momentum from buyers.

ADX above 20 → strong underlying trend.

MFI below 80 → room for more buying without overbought risk.

Bearish Signals

MACD below signal line → short-term caution on momentum.

Overall Recommendation:Technical indicators for Major Drilling Group International Inc. are mixed, suggesting a Hold or wait-and-see approach.

(TSX: MDI.TO) Technical Analysis FAQ