M8G Technical Analysis - VERVE GROUP SE

Technical Rating and Analysis

Overall M8G gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, M8G is showing a nice and steady performance.

Both the short term and long term trends are positive. This is a very positive sign.

When comparing the yearly performance of all stocks, we notice that M8G is one of the better performing stocks in the market, outperforming 98% of all stocks. On top of that, M8G also shows a nice and consistent pattern of rising prices.

M8G is part of the Media industry. There are 64 other stocks in this industry. M8G outperforms 100% of them.

M8G is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so M8G is lagging the market slightly.

In the last month M8G has a been trading in the 2.43 - 3.80 range, which is quite wide. It is currently trading near the high of this range.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although M8G has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

2.53

3.81

When analyzing the support we can see 2 important areas.

Support @2.75 from a trend line in the weekly time frame.
Support @2.56 from a trend line in the daily time frame.

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What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	UP	POSITIVE	The long term trend for M8G.DE is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for M8G.DE is up.
ChartMill Relative Strength	98.43	POSITIVE	M8G.DE has a high relative strength, it outperformed 98.43% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of M8G.DE is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of M8G.DE is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of M8G.DE is above the rising SMA(200).
Relative Strength Index/RSI (14)	67.67	NEUTRAL	The RSI value for M8G.DE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.09	POSITIVE	The MACD value suggests M8G.DE has a positive trend.
Stochastics (14,3)	96.53	OVERBOUGHT	The high Stochastics value suggests M8G.DE may be overbought.
Average True Range in percent/ATR (20)	5.52	HIGH VOLATILITY	The high ATR as a percentage value for M8G.DE suggests high volalility.
Average Directional Index/ADX (14)	20.83	NEUTRAL	The ADX value for M8G.DE suggests a possible start of a new trend.