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MGMNF
Stock ticker: OTC
AS OF
Dec 24 closing price
Price
$0.98
Change
-$0.01 (-1.01%)
Capitalization
88.99M

MGMNF Magna Mining Inc. Forecast, Technical & Fundamental Analysis

MGMNF
Daily Signalchanged days ago
Gain/Loss if bought
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A.I.Advisor
a Summary for MGMNF with price predictions
Dec 24, 2024

Momentum Indicator for MGMNF turns negative, indicating new downward trend

MGMNF saw its Momentum Indicator move below the 0 level on December 12, 2024. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 36 similar instances where the indicator turned negative. In of the 36 cases, the stock moved further down in the following days. The odds of a decline are at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The 10-day RSI Indicator for MGMNF moved out of overbought territory on December 06, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 12 similar instances where the indicator moved out of overbought territory. In of the 12 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Moving Average Convergence Divergence Histogram (MACD) for MGMNF turned negative on December 10, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 18 similar instances when the indicator turned negative. In of the 18 cases the stock turned lower in the days that followed. This puts the odds of success at .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where MGMNF declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

MGMNF broke above its upper Bollinger Band on December 03, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Bullish Trend Analysis

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 28 cases where MGMNF's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

MGMNF moved above its 50-day moving average on December 16, 2024 date and that indicates a change from a downward trend to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where MGMNF advanced for three days, in of 93 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 72 cases where MGMNF Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Fundamental Analysis (Ratings)

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. MGMNF’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (8.319) is normal, around the industry mean (7.679). P/E Ratio (0.000) is within average values for comparable stocks, (104.300). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (3.023). MGMNF has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.055). P/S Ratio (0.000) is also within normal values, averaging (254.496).

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. MGMNF’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 87, placing this stock worse than average.

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MGMNF
Daily Signalchanged days ago
Gain/Loss if bought
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A.I. Advisor
published General Information

General Information

Industry OtherMetalsMinerals

Profile
Fundamentals
Details
Industry
N/A
Address
45 Oak Street
Phone
+1 705 665-0262
Employees
N/A
Web
https://www.magnamining.com
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MGMNF and Stocks

Correlation & Price change

A.I.dvisor tells us that MGMNF and SLTFF have been poorly correlated (+24% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that MGMNF and SLTFF's prices will move in lockstep.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To MGMNF
1D Price
Change %
MGMNF100%
-1.50%
SLTFF - MGMNF
24%
Poorly correlated
N/A
SLGGF - MGMNF
24%
Poorly correlated
+15.63%
IONR - MGMNF
20%
Poorly correlated
+6.82%
VCUFF - MGMNF
13%
Poorly correlated
+3.86%
GTMLF - MGMNF
12%
Poorly correlated
-17.22%
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