MAGNITUDE INTERNATIONAL LTD (MAGH) Technical Analysis
NASDAQ:MAGH • KYG57Y0E1004
Current stock price
MAGH Technical Rating and Analysis
Taking everything into account, MAGH scores 6 out of 10 in our technical rating. MAGH has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
- 100% of all other stocks performed better in the past year than MAGH.
- MAGH is one of the lesser performing stocks in the Construction & Engineering industry. 83% of 55 stocks in the same industry do better.
- The long and short term trends are both positive. This is looking good!
- In the last month MAGH has a been trading in the 1.27 - 6.94 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
MAGH Weekly and Daily overview Charts
MAGH Setup Rating and Analysis
MAGH has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
MAGH Support and Resistance Analysis
MAGH 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 MAGH is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MAGH is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | MAGH has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MAGH is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MAGH is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 92.48 | OVERBOUGHT | The high RSI value suggests MAGH may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.26 | POSITIVE | The MACD value suggests MAGH has a positive trend. |
| Stochastics (14,3) | 95 | OVERBOUGHT | The high Stochastics value suggests MAGH may be overbought. |
| Average True Range in percent/ATR (20) | 8.39 | HIGH VOLATILITY | The high ATR as a percentage value for MAGH suggests high volalility. |
| Average Directional Index/ADX (14) | 59.9 | POSITIVE | The high ADX value value for MAGH suggests a strong trend. |
MAGH Chart- and CandleStick Pattern Analysis
MAGH Technicals: Chart, Performance Metrics, Trend & Indicators
6.76
+0.57 (+9.21%)
MAGNITUDE INTERNATIONAL LTD / MAGH TA FAQ
Can you provide the ChartMill technical rating for MAGNITUDE INTERNATIONAL LTD?
ChartMill assigns a technical rating of 6 / 10 to MAGH.
What is the current trend direction of MAGNITUDE INTERNATIONAL LTD (MAGH) stock?
The current trend direction for MAGNITUDE INTERNATIONAL LTD (MAGH) is Bullish.
What is the RSI signal for MAGNITUDE INTERNATIONAL LTD (MAGH) stock?
MAGNITUDE INTERNATIONAL LTD (MAGH) has an RSI value of 92.4759. This indicates that the stock is currently overbought.
What is the short term momentum for MAGH stock?
The short term momentum for MAGNITUDE INTERNATIONAL LTD (MAGH) is positive.