MINAURUM GOLD INC (MGG.CA) Stock Technical Analysis
TSX-V:MGG - TSX Venture Exchange - CA60252Q1019 - Common Stock - Currency: CAD
We assign a technical rating of 5 out of 10 to MGG. In the past year, MGG was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
When comparing the yearly performance of all stocks, MGG is a bad performer in the overall market: 68% of all stocks are doing better.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
MGG is part of the Metals & Mining industry. There are 822 other stocks in this industry, MGG did better than 48% of them.
MGG is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
In the last month MGG has a been trading in the 0.18 - 0.27 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, MGG does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 0.24. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 0.21, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for MGG in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
0.19
0.28
We found 3 important support areas.
- A support zone ranging from 0.21 to 0.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 0.20 to 0.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.19 from a trend line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 0.24 to 0.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @0.25 from a trend line in the weekly time frame.
- Resistance @0.28 from a horizontal line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS32.93
Mansfield-0.57
10 Day High0.25
10 Day Low0.21
20 Day High0.27
20 Day Low0.19
52 Week High0.35
52 Week Low0.14
Performance
1 Week12.2%
2 Weeks-4.17%
1 Month21.05%
3 Month0%
6 Month21.05%
12 Month-4.17%
2 Year21.05%
3 Year-36.11%
5 Year-23.33%
10 Year187.5%
15 Year-69.33%
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0
RSI(14)55.57
LBB0.2
UBB0.25
TSX-V:MGG (3/7/2025, 7:00:00 PM)
0.23
0 (-2.13%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-2.13%
1 Week12.2%
2 Weeks-4.17%
1 Month21.05%
3 Month0%
6 Month21.05%
12 Month-4.17%
2 Year21.05%
3 Year-36.11%
5 Year-23.33%
10 Year187.5%
15 Year-69.33%
Volatility
ATR(14)0.03
ATR(20)%10.22%
ATR Inc-36.36%
Range Today0.01
ADR(20)0.02
ADR(20)%9.57%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS32.93
Mansfield-0.57
10 Day High0.25
10 Day Low0.21
20 Day High0.27
20 Day Low0.19
52 Week High0.35
52 Week Low0.14
CS1 End0.21
CR1 Start0.24
Volume & EV
DER(3)16.02%
DER(5)14.76%
Volume226.80K
Volume Incr-57.53%
Vol(5)117.13K
Vol(50)204.47K