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Major Drilling Group International Inc.

MJDLF•PNK
Basic Materials
Industrial Materials
$12.44
$0.14(1.14%)
U.S. Market opens in 5h 59m

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

Live technical indicators, trading signals, and momentum insights for Major Drilling Group International Inc. (PNK:MJDLF).

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

MJDLF Technical Analysis Summary

Major Drilling Group International Inc. stock currently shows a bullish trend, supported by momentum and strong buying pressure.

Overall Sentiment:Buy
Momentum:Bullish (RSI: 62.76)
Trend Strength:Strong (ADX: 36.28)
Volatility:Medium (ATR: 0.38)
Support/Resistance:$10.65 – $12.83 (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): 62.76

Bullish
Above midpoint suggests upward bias.

Stochastic %K: 89.69

Bearish
Overbought levels may trigger pullback.

Williams %R: -11.34

Bearish
Overbought levels may trigger correction.

Rate of Change (ROC): 13.44

Strongly Bullish
Strong upside momentum.

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

Trend & Volatility

MACD: 0.49

Bullish
Bullish, trend momentum is strengthening.

ADX: 36.28

Strong
Strong trend, momentum well established.

ATR (14): 0.38

Low
Low volatility, stable price action.

CCI (14): 65.09

Bullish
Bullish, momentum building upward.

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
$12.83
Middle Band (SMA 20)
$11.74
Lower Band
$10.65
Current Position
Within Bands

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

Keltner Channels
Upper Channel
$12.48
Middle Line (EMA 20)
$11.73
Lower Channel
$10.97
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 Volume222.86K
Money Flow Index60.36Bullish, inflows support continued momentum.
Relative Vigor Index61.37Bullish, price momentum strongly favors buyers.

Overall Takeaway:MJDLF 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., 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.

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

Bearish Signals

No significant bearish signals detected.

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

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