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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
$14.12
$0.26(1.81%)
Canadian Market opens in 24h 7m

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 Bearish (RSI: 40.28)
Trend Strength:Weak (ADX: 19.55)
Volatility:Medium (ATR: 0.52)
Support/Resistance:$13.82 – $15.29 (Bollinger Bands)

Technical conditions suggest Major Drilling Group International Inc. on the TSX is awaiting a decisive move. Technical conditions suggest Major Drilling Group International Inc. is consolidating, awaiting a decisive move.

Momentum Indicators

RSI (14): 40.28

Bearish
Below midpoint indicates downward pressure.

Stochastic %K: 33.50

Bearish
Momentum remains weak below midpoint.

Williams %R: -70.40

Bearish
Sellers maintain momentum below neutral.

Rate of Change (ROC): -7.03

Strongly Bearish
Sharp downside momentum.

Takeaway:Major Drilling Group International Inc. shows weakening momentum, with sellers gaining the edge.

Trend & Volatility

MACD: -0.41

Bearish
Bearish, trend momentum is strengthening to the downside.

ADX: 19.55

Weak
Weak trend, market trading sideways.

ATR (14): 0.52

Low
Low volatility, stable price action.

CCI (14): -57.30

Bearish
Bearish, momentum remains under pressure.

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

Support & Resistance indicators
Bollinger Bands
Upper Band
$15.29
Middle Band (SMA 20)
$14.55
Lower Band
$13.82
Current Position
Within Bands

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

Keltner Channels
Upper Channel
$15.69
Middle Line (EMA 20)
$14.65
Lower Channel
$13.61
Squeeze Status
Squeeze On

Takeaway:Major Drilling Group International Inc. trades below the trend line, showing weaker momentum inside the channel.

Volume & Money Flow Analysis
On-Balance Volume-960.28K
Money Flow Index41.79Neutral, balanced money flows with no clear signal.
Relative Vigor Index36.26Bearish, price momentum favors sellers.

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

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

Bearish Signals

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