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Major Drilling Group International Inc.

MJDLF•PNK
Basic Materials
Industrial Materials
$11.73
$-0.57(-4.63%)
U.S. Market opens in 36h 1m

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 trades in a neutral range, with no clear dominance from buyers or sellers.

Overall Sentiment:Neutral
Momentum:Neutral to Bearish (RSI: 45.16)
Trend Strength:Moderate (ADX: 23.43)
Volatility:Medium (ATR: 0.42)
Support/Resistance:$10.98 – $12.93 (Bollinger Bands)

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

Momentum Indicators

RSI (14): 45.16

Bearish
Below midpoint indicates downward pressure.

Stochastic %K: 73.74

Bullish
Buying momentum building without extremes.

Williams %R: -58.90

Neutral
Balanced market without strong signals.

Rate of Change (ROC): -2.09

Bearish
Selling pressure outweighs buying.

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

Trend & Volatility

MACD: 0.00

Neutral
Neutral, momentum shows no clear direction.

ADX: 23.43

Moderate
Moderate trend, direction gaining strength.

ATR (14): 0.42

Low
Low volatility, stable price action.

CCI (14): -5.49

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
$12.93
Middle Band (SMA 20)
$11.95
Lower Band
$10.98
Current Position
Within Bands

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

Keltner Channels
Upper Channel
$12.88
Middle Line (EMA 20)
$12.05
Lower Channel
$11.22
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 Volume297.48K
Money Flow Index57.94Neutral, balanced money flows with no clear signal.
Relative Vigor Index51.12Neutral to Bullish, buyers hold a slight edge.

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

ADX above 20 → strong underlying trend.

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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