Stock Trend Analysis Report
Prepared for you on Monday, August 2, 2021.
Magnum Goldcorp Inc (CDNX:MGI)
Long-Term Downtrend (-90) - MGI is in a strong downtrend that is likely to continue. While MGI is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid MGI?
MarketClub looks at technical strength and momentum to determine if the timing is right for MGI.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MGI
The long-term trend has been DOWN since May 13th, 2021 at 0.06
The intermediate-term trend has been DOWN since Jul 26th, 2021 at 0.05
The short-term trend has been DOWN since Jul 26th, 2021 at 0.05
Smart Scan Analysis for MGI
Based on our trend formula, MGI is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|Year High||0.24||Year High Date||2018-01-09|
|Year Low||0.025||Year Low Date||2018-11-28|
|52wk High||0.24||52wk High Date||2018-01-09|
|52wk Low||0.025||52wk Low Date||2018-11-28|