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
$17.61
$0.61(3.59%)
Canadian Market opens in 7h 36m

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 bullish trend on the TSX, supported by momentum and strong buying pressure.

Overall Sentiment:Buy
Momentum:Bullish (RSI: 69.57)
Trend Strength:Moderate (ADX: 29.60)
Volatility:Medium (ATR: 0.58)
Support/Resistance:$12.99 – $18.12 (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 in a balanced range with no clear breakout yet.

Momentum Indicators

RSI (14): 69.57

Bullish
Above midpoint suggests upward bias.

Stochastic %K: 92.59

Bearish
Overbought levels may trigger pullback.

Williams %R: -4.20

Bearish
Overbought levels may trigger correction.

Rate of Change (ROC): 26.58

Strongly Bullish
Strong upside momentum.

Takeaway:Major Drilling Group International Inc. shows strong bullish momentum, with buyers firmly in control.

Trend & Volatility

MACD: 0.65

Bullish
Bullish, trend momentum is strengthening.

ADX: 29.60

Moderate
Moderate trend, direction gaining strength.

ATR (14): 0.58

Low
Low volatility, stable price action.

CCI (14): 120.17

Bearish Risk
Bearish risk, overbought levels suggest caution.

Takeaway:Major Drilling Group International Inc. shows a firm trend supported by momentum, though one signal suggests caution.

Support & Resistance indicators
Bollinger Bands
Upper Band
$18.12
Middle Band (SMA 20)
$15.56
Lower Band
$12.99
Current Position
Within Bands

Takeaway:Major Drilling Group International Inc. trades closer to resistance, supported by stronger momentum within bands.

Keltner Channels
Upper Channel
$17.17
Middle Line (EMA 20)
$16.00
Lower Channel
$14.84
Squeeze Status
No Squeeze

Takeaway:Major Drilling Group International Inc. trades near the upper channel, signaling resistance and risk of pullback.

Volume & Money Flow Analysis
On-Balance Volume7.90K
Money Flow Index85.01Bearish risk, overbought conditions may trigger pullback.
Relative Vigor Index58.18Neutral to Bullish, buyers hold a slight edge.

Overall Takeaway:MDI.TO shows bullish money flow, with volume and vigor supporting buyers.

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.

MACD above 0 → bullish trend confirmation.

ADX above 20 → strong underlying trend.

Price trading above middle Bollinger Band → mid-term support intact.

Bearish Signals

MFI above 80 → overbought conditions may limit upside.

Overall Recommendation:Major Drilling Group International Inc. currently shows a Buy with caution signal — momentum and trend strength are positive, but price is close to resistance and may face short-term pullbacks.

(TSX: MDI.TO) Technical Analysis FAQ