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Major Drilling Group International Inc.

MDI.TO•TSX
Basic Materials
Industrial Materials
$16.08
$-0.76(-4.51%)
Canadian Market opens in 34h 23m

Major Drilling Group International Inc. (MDI.TO) Stock Technical Analysis & Trading Signals

Live technical indicators, trading signals, and momentum insights for Major Drilling Group International Inc. (TSX:MDI.TO).

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

Major Drilling Group International Inc. stock currently trades in a neutral range, with no clear dominance from buyers or sellers.

Overall Sentiment:Neutral
Momentum:Neutral to Bearish (RSI: 45.36)
Trend Strength:Weak (ADX: 18.96)
Volatility:Medium (ATR: 0.60)
Support/Resistance:$15.03 – $17.60 (Bollinger Bands)

This mix signals that Major Drilling Group International Inc. is trading in a balanced range with no clear breakout yet.

Momentum Indicators

RSI (14): 45.36

Bearish
Below midpoint indicates downward pressure.

Stochastic %K: 70.75

Bullish
Buying momentum building without extremes.

Williams %R: -58.33

Neutral
Balanced market without strong signals.

Rate of Change (ROC): -1.59

Bearish
Selling pressure outweighs buying.

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

Trend & Volatility

MACD: -0.02

Bearish
Bearish, trend momentum is strengthening to the downside.

ADX: 18.96

Weak
Weak trend, market trading sideways.

ATR (14): 0.60

Low
Low volatility, stable price action.

CCI (14): -1.50

Neutral
Neutral, no strong directional signal.

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

Support & Resistance indicators
Bollinger Bands
Upper Band
$17.60
Middle Band (SMA 20)
$16.31
Lower Band
$15.03
Current Position
Within Bands

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

Keltner Channels
Upper Channel
$17.68
Middle Line (EMA 20)
$16.48
Lower Channel
$15.28
Squeeze Status
No Squeeze

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

Volume & Money Flow Analysis
On-Balance Volume1.09M
Money Flow Index57.41Neutral, balanced money flows with no clear signal.
Relative Vigor Index48.11Neutral to Bearish, sellers hold a slight edge.

Overall Takeaway:MDI.TO shows balanced money flow with a slight bullish bias.

Technical Trading Signals Summary
Based on the current technical analysis of Major Drilling Group International Inc., 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:Major Drilling Group International Inc. shows a Neutral outlook — indicators suggest balanced momentum with no clear directional trend.

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