NYLI CBRE GBL INFR MGA TRM F (MEGI) Stock Technical Analysis
NYSE:MEGI - New York Stock Exchange, Inc. - US56064Q1076 - Currency: USD
Overall MEGI gets a technical rating of 6 out of 10. Although MEGI is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
MEGI 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 MEGI is lagging the market slightly.
When comparing the performance of all stocks over the past year, MEGI turns out to be only a medium performer in the overall market: it outperformed 59% of all stocks.
In the last month MEGI has a been trading in a tight range between 13.95 and 14.50.
Volume is considerably higher in the last couple of days.
MEGI has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 14.20, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
12.70
15.11
We found 2 important support areas.
- A support zone ranging from 13.76 to 14.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @12.83 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 14.77 to 14.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 MEGI is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MEGI is neutral. |
| ChartMill Relative Strength | 59.31 | NEUTRAL | MEGI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MEGI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MEGI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of MEGI is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.63 | NEUTRAL | The RSI value for MEGI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests MEGI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 33.96 | NEUTRAL | The Stochastics value for MEGI is a neutral value. |
| Average True Range in percent/ATR (20) | 1.56 | LOW VOLATILITY | The low ATR as a percentage value for MEGI suggests low volalility. |
| Average Directional Index/ADX (14) | 16.45 | NEGATIVE | The low ADX value for MEGI suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 14.51 | 13.96 | 0.55 (3.79%) | 25.00% |
| An entry @14.51. This is a Buy Stop order right above the 10 day high. | An exit @13.96. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.55 points, which is 3.79%. | For a 0.95% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
14.33
+0.25 (+1.78%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.78%
1 Week0%
2 Weeks2.07%
1 Month0.35%
3 Month9.81%
6 Month11.87%
12 Month7.66%
2 Year1.27%
3 Year-12.41%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.22
ATR(20)%1.56%
ATR Inc-7.42%
Range Today0.23
ADR(20)0.21
ADR(20)%1.46%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS59.31
Mansfield-0.2
10 Day High14.5
10 Day Low13.97
20 Day High14.5
20 Day Low13.95
52 Week High14.96
52 Week Low11.4
CS1 End14.2
CR1 Start14.77
Volume & EV
DER(3)2.29%
DER(5)2.41%
Volume241.30K
Volume Incr250.45%
Vol(5)422.24K
Vol(50)153.04K