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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
$14.98
$0.30(1.96%)
Canadian Market opens in 5h 30m

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:Bearish to Weak (RSI: 34.37)
Trend Strength:Weak (ADX: 18.56)
Volatility:Medium (ATR: 0.60)
Support/Resistance:$15.11 – $18.04 (Bollinger Bands)

Technical conditions suggest Major Drilling Group International Inc. on the TSX is awaiting a decisive move. Overall, Major Drilling Group International Inc. remains neutral, with indicators showing mixed momentum.

Momentum Indicators

RSI (14): 34.37

Bearish
Below midpoint indicates downward pressure.

Stochastic %K: 7.55

Bullish
Oversold zone signals rebound potential.

Williams %R: -96.53

Bullish
Oversold zone suggests rebound potential.

Rate of Change (ROC): -14.25

Strongly Bearish
Sharp downside momentum.

Takeaway:Major Drilling Group International Inc. shows strong bearish momentum, signaling downside pressure.

Trend & Volatility

MACD: -0.26

Bearish
Bearish, trend momentum is strengthening to the downside.

ADX: 18.56

Weak
Weak trend, market trading sideways.

ATR (14): 0.60

Low
Low volatility, stable price action.

CCI (14): -155.58

Bearish
Bearish, oversold conditions may spark rebound.

Takeaway:Major Drilling Group International Inc. shows a neutral trend, with weak conviction and limited volatility.

Support & Resistance indicators
Bollinger Bands
Upper Band
$18.04
Middle Band (SMA 20)
$16.58
Lower Band
$15.11
Current Position
Below Lower Band

Takeaway:Major Drilling Group International Inc. trades near the lower band, signaling oversold conditions and potential rebound.

Keltner Channels
Upper Channel
$17.43
Middle Line (EMA 20)
$16.23
Lower Channel
$15.03
Squeeze Status
No Squeeze

Takeaway:Major Drilling Group International Inc. trades near the lower channel, signaling strong support and possible rebound.

Volume & Money Flow Analysis
On-Balance Volume-486.95K
Money Flow Index18.99Bullish, oversold conditions signal rebound potential.
Relative Vigor Index20.65Bearish, price momentum favors sellers.

Overall Takeaway:MDI.TO shows oversold money flow, with rebound potential building.

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

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

Bearish Signals

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

RVI below 50 → vigor tilted toward sellers.

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