Technical Analysis for MGG - Minaurum Gold Inc.

Grade Last Price % Change Price Change
C 0.240 -5.88% -0.015
MGG closed down 5.88 percent on Wednesday, April 24, 2024, on 1.74 times normal volume. The stock fell below its 50 day moving average, damaging its intermediate-term outlook by crossing under that important trendline. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Down Down

Date Alert Name Type % Chg
Fell Below 50 DMA Bearish 0.00%
MACD Bearish Centerline Cross Bearish 0.00%
Inside Day Range Contraction 0.00%
Wide Bands Range Expansion 0.00%
Oversold Stochastic Weakness 0.00%
Bullish Engulfing Bullish -5.88%
Crossed Above 50 DMA Bullish -5.88%
New Uptrend Bullish -5.88%
Stochastic Buy Signal Bullish -5.88%
Outside Day Range Expansion -5.88%

   Recent Intraday Alerts

Alert Time
Possible Inside Day about 13 hours ago
2x Volume Pace about 17 hours ago
Down 5% about 17 hours ago
Fell Below Lower Bollinger Band about 17 hours ago
1.5x Volume Pace about 17 hours ago

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Profile

Minaurum Gold Inc. Description

Minaurum Gold Inc. is an exploration-stage company. The Company is engaged in the exploration and evaluation of mineral resource assets in Mexico. The Company's projects include Biricu Project, Vuelcos del Destino Project, Adelita Project, Aurena Project and Santa Marta Project. The Biricu project consists of approximately three mining concessions covering over 41,460 hectares in the southeastern portion of the Guerrero Gold Belt (GGB). Vuelcos del Destino is located on the southern end of the GGB trend, totaling over 8,830 hectares. The Santa Marta project covers approximately 7,110 hectares in the southeastern part of Oaxaca State. The Aurena Project comprises approximately four mineral concessions covering over 1,030 hectares in the southern part of Oaxaca state. The Adelita project straddles the border of Sinaloa and Sonora states and covers over 8,450 hectares, and lies approximately eight kilometers east of Pan American Silver's Alamo Dorado mine.


Classification

Sector: Basic Materials
Industry: Gold
Keywords: Mining Mineral Gold Silver Minaurum Gold Oaxaca Guerrero Gold Belt Pan American Silver Aurum

Is MGG a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 0.35
52 Week Low 0.11
Average Volume 248,552
200-Day Moving Average 0.191
50-Day Moving Average 0.248
20-Day Moving Average 0.291
10-Day Moving Average 0.275
Average True Range 0.023
RSI (14) 42.20
ADX 28.62
+DI 27.253
-DI 23.329
Chandelier Exit (Long, 3 ATRs) 0.280
Chandelier Exit (Short, 3 ATRs) 0.300
Upper Bollinger Bands 0.345
Lower Bollinger Band 0.237
Percent B (%b) 0.03
BandWidth 37.345
MACD Line -0.001
MACD Signal Line 0.009
MACD Histogram -0.0099
Fundamentals Value
Market Cap 81.23 Million
Num Shares 338 Million
EPS -0.02
Price-to-Earnings (P/E) Ratio -11.43
Price-to-Sales 0.00
Price-to-Book 10.64
PEG Ratio 0.00
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 0.270
Resistance 3 (R3) 0.273 0.267 0.265
Resistance 2 (R2) 0.267 0.259 0.265 0.263
Resistance 1 (R1) 0.253 0.254 0.250 0.250 0.262
Pivot Point 0.247 0.247 0.245 0.245 0.247
Support 1 (S1) 0.233 0.239 0.230 0.230 0.218
Support 2 (S2) 0.227 0.234 0.225 0.217
Support 3 (S3) 0.213 0.227 0.215
Support 4 (S4) 0.210