Technical analysis from Major Drilling (MDI.TO.TO, TSE:MDI.TO) on the Toronto Stock Exchange (TSX). Download the latest price data & trading signals

Major Drilling
+ Share

Major Drilling  is no longer oversold [Neutral]
Williams %R /
Major Drilling is no longer oversold [Neutral]

MDI: William %R Current Signal -> (1) 12 Jan: BEARISH CROSSUNDER (2) 12 Jan: BULLISH CROSSOVER (3) 12 Jan: NEUTRAL

[Buying Pressure]: EFI (636) confirms bullish conditions for Major Drilling
Elders Force Index /
[Buying Pressure]: EFI (636) confirms bullish conditions for Major Drilling

[BULLISH]: Major Drilling current price has highlighted recent buying pressure. Currently, the Elders Force Index is 636.

Triangular Moving Average /
[Uptrend]: Recent trading for MDI confirms bullish TMA(30) signal

[BEARISH]: Major Drilling currently has a confirmed downtrend. Recent trading has caused the TMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on TMA5 is 0.1%.

Rate of Change /
Major Drilling : Rate of Change (14) Crossover

[BULLISH CROSSOVER]: Major Drilling currently has positive rate of change of 3.9%. This means the current price is greater than the price 14 days ago and therefore gaining momentum & is a leading indicator of price movement in the upward direction

Weighted Moving Average /
Major Drilling is in a short term uptrend with the support price @$6.868

[BEARISH]: Major Drilling currently has a confirmed downtrend. Recent trading has caused the WMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on WMA5 is 0.1%.

Moving Average Envelope /
Lower envelope oversold signal had been cancelled for Major Drilling

[NEUTRAL]: Major Drilling current trading has closed out Envelope Bands to oversold status and signalled the initiation of normal trading conditions. Currently, the Lower Band is 6.4125.

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Range Tod Vs Range Yest /
Major Drilling : Range Performance (-34.3)

MDI: Range today versus range yesterday Current Signal ->(1) 12 Jan: BEARISH (2) 12 Jan: BULLISH (3) 12 Jan: BEARISH

The SWMA trend following signal is now active for Major Drilling  [Bullish]
Sine Weighted Moving Average /
The SWMA trend following signal is now active for Major Drilling [Bullish]

[BEARISH]: Major Drilling currently has a confirmed downtrend. Recent trading has caused the SWMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SWMA5 is 0.1%.

[Bullish]: Major Drilling  currently has positive Volume MACD histogram 7642
MACD Volume /
[Bullish]: Major Drilling currently has positive Volume MACD histogram 7642

[BULLISH]: Major Drilling currently has positive Volume MACD of 7642. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

Simple Moving Average /
SMA(15) is now trading above the SMA(30) for Major Drilling

[BULLISH]: Major Drilling currently has a confirmed uptrend. Recent trading has caused the SMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SMA5 is 0.1%.

Aroon Oscillator /
Major Drilling : Aroon oscillator (64) has confirmed a strong uptrend is present

[BULLISH]: Major Drilling has a current ARO(25) of 64. This has change 140 points from yesterday.

Fibonacci Extensions /
Stoploss for Major Drilling should be set at $20.4

Major Drilling has moved below the 161.8% level ($19.47) [Bullish]. Look for a long limit order entry near this point. Exit price for MDI should be set @$18.54 & Stoploss for Major Drilling should be set at $20.4

Major Drilling : Daily volume performance is 35.7 [Uptrend]
Volume /
Major Drilling : Daily volume performance is 35.7 [Uptrend]

[BULLISH]: Major Drilling current volume uptrend in the first timeframe. Volume for MDI is111264 (35.7).

Relative Strength oversold signal has just been neutralized for Major Drilling
Relative Strength Index /
Relative Strength oversold signal has just been neutralized for Major Drilling

[BEARISH]: Major Drilling is currently Overbought highlighting the potential for a short term trend reversal in the downward direction. RSI is currently overbought @70.6750

Accumulation / Distribution /
Traders are currently Distributing Major Drilling

[BEARISH]: Major Drilling current distribution has given weakness to the share price and the continuation of bearish trading conditions.

Exponential Moving Average /
Exponential Moving Average(30) signal is confirmed for Major Drilling indicating upward price movement is likely

[BEARISH]: Major Drilling currently has a confirmed downtrend. Recent trading has caused the EMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on EMA5 is 0.1%.

Commodity Channel Index /
CCI has stabilized for MDI

[NEUTRAL]: Major Drilling current trading has closed out Commodity Channel Index to oversold status and signalled the initiation of normal trading conditions. Currently, the CCI is 34. The previous bullish signal was active for 0 day. During the quarter, the lowest CCI value was 34.

The simple moving average and past price for MDI has confirmed a bullish crossover
Detrended Price Oscillator /
The simple moving average and past price for MDI has confirmed a bullish crossover

[BULLISH]: Major Drilling currently has a confirmed uptrend. Price is currently above the displaced moving average for MDICurrently, the return on DPO20 is 0.1%.

[Long]: Limit orders for Major Drilling  should be set at $7.04
Demarks Pivot Points /
[Long]: Limit orders for Major Drilling should be set at $7.04

Major Drilling has broken the first DeMark resistance point ($7.04) [Bullish]. Look for a long limit order entry near this point. Exit price for MDI should be set @$7.18 & Stoploss for Major Drilling should be set at $6.95

Range for MDI has not surpassed the range of the previous trading session
Price Range /
Range for MDI has not surpassed the range of the previous trading session

[BEARISH]: Major Drilling current downtrend in the first timeframe. Currently, the Range is $0.23.

Chaikin Money Flow /
Selling pressure for Major Drilling continues - bearish signal

[BEARISH]: Major Drilling current price has highlighted recent selling pressure and the continuation of a bearish trading conditions. Currently, the CMF is -0.13. The bearish signal has been active for 2 days. During the quarter, the lowest CMF value was -0.13

Medium Trend /
Major Drilling : 2nd timeframe trend Uptrend has been confirmed

MDI: Medium Term Current Signal -> (1) 12 Jan: BULLISH CONFIRM (2) 12 Jan: BEARISH CONFIRM (3) 12 Jan: BULLISH CONFIRM

Daily Volume Index /
Major Drilling : Current trading activity signals DVI distribution is present

MDI: DVI Current Signal -> (1) 12 Jan: BEARISH (2) 12 Jan: BEARISH (3) 12 Jan: BEARISH

Open Tod Vs Close Tod /
Major Drilling : Buyers have lost commitment.

[BULLISH WEAK]: Major Drilling opened in the lower part of daily range at 17.4% & closed in the middle part of the trading range at 43.5%. This suggests the buyers have lost commitment. Over the last 12 months there has been 11 trading days with the opening price in the lower shadow & the closing the price in the middle shadow giving a confirmation ratio of 23.9%. Over the last month there has been 4 trading days with the opening price in the lower price range & the closing the price in the middle price range giving a confirmation ratio of 44.4%.

[Bearish]: Major Drilling  has failed beat previous low by -0.1 %
Low Price /
[Bearish]: Major Drilling has failed beat previous low by -0.1 %

MDI: LOW Current Signal -> (1) 12 Jan: BEARISH (2) 11 Jan: BEARISH (3) 10 Jan: BULLISH

Major Drilling : Daily closing price is $7 [Bullish]
Closing Price /
Major Drilling : Daily closing price is $7 [Bullish]

[BULLISH]: Major Drilling current uptrend in the first timeframe. Currently, the Close is $7.

Ulcer Index /
Ulcer index has fallen as the price rises for Major Drilling

[BEARISH]: Major Drilling UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 1.503.

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