Stock Trend Analysis Report
Prepared for you on Tuesday, May 17, 2022.
MAGNA GOLD CORP (NASDAQ:MGLQF)
Long-Term Downtrend (-90) - MGLQF is in a strong downtrend that is likely to continue. While MGLQF 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 MGLQF?
MarketClub looks at technical strength and momentum to determine if the timing is right for MGLQF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MGLQF
The long-term trend has been DOWN since Dec 7th, 2021 at 0.5793
The intermediate-term trend has been DOWN since Apr 25th, 2022 at 0.4758
The short-term trend has been DOWN since May 2nd, 2022 at 0.4344
Smart Scan Analysis for MGLQF
Based on our trend formula, MGLQF is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||1.12||52wk High Date||2021-11-22|
|52wk Low||0.2278||52wk Low Date||2022-05-13|