MultiCorp International Inc (MCIC)

[hatchbackmatt]

Bollinger Bands
XMDC has been relatively stable recently. This is evidenced by the width of its Bollinger Bands which are tighter than normal. Additionally, XMDC is trading near its lower Bollinger Band. This suggests that the stock price is low relative to its recent price action.

Parabolic SAR
Today, XMDC closed below the trigger point for the Parabolic SAR and is currently registering a bearish signal. The current Significant Point, above which a reversal to the bullish side would occur, is 0.03.

MACD
The MACD for XMDC currently indicates a strong bearish signal for two reasons. First, the MACD is below the signal line, a 9day moving average. Second, the MACD is below the critical level of 0, which implies that the underlying moving averages are trending lower.

RSI
According to the RSI which is currently at 29.8%, below the critical value of 30, XMDC is oversold. This means that there has been significant recent downward momentum that is not sustainable. Although the stock may not begin to rally, selling pressure can not continue at this level.