MAGIC EMPIRE GLOBAL LTD-A (MEGL) Stock Technical Analysis
NASDAQ:MEGL - VGG5865E1218 - Common Stock
1.36 USD
-0.02 (-1.45%)
Taking everything into account, MEGL scores 0 out of 10 in our technical rating. MEGL's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, MEGL is a bad performer in the overall market: 87% of all stocks are doing better.
MEGL is one of the lesser performing stocks in the Capital Markets industry. 80% of 238 stocks in the same industry do better.
MEGL is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month MEGL has a been trading in the 1.32 - 1.88 range, which is quite wide. It is currently trading near the lows of this range.
Considerably lower volume is observed in the last couple of days.
MEGL has a poor technical rating and the quality of the setup is also not perfect at the moment. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
1.32
2.12
When analyzing the support we notice one important area.
- Support @1.33 from a horizontal line in the daily time frame.
6 important resistance areas can be observed.
- Resistance @1.37 from a trend line in the daily time frame.
- A resistance zone ranging from 1.44 to 1.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 1.59 to 1.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.73 from a trend line in the daily time frame.
- Resistance @2.00 from a trend line in the weekly time frame.
- Resistance @2.10 from a horizontal line in the daily time frame.
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 | DOWN | NEGATIVE | The long term trend for MEGL is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MEGL is down. |
| ChartMill Relative Strength | 13.62 | NEGATIVE | MEGL has a low relative strength, it was outperformed by 86.38% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MEGL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MEGL is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MEGL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 43.82 | NEUTRAL | The RSI value for MEGL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests MEGL has a positive trend. |
| Stochastics (14,3) | 26.67 | NEUTRAL | The Stochastics value for MEGL is a neutral value. |
| Average True Range in percent/ATR (20) | 6.26 | HIGH VOLATILITY | The high ATR as a percentage value for MEGL suggests high volalility. |
| Average Directional Index/ADX (14) | 26.24 | POSITIVE | The high ADX value value for MEGL suggests a strong 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)
NASDAQ:MEGL (8/25/2025, 12:51:31 PM)
1.36
-0.02 (-1.45%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryCapital Markets
Performance
% Chg-1.45%
1 Week-3.5%
2 Weeks0.72%
1 Month-22.9%
3 Month4.55%
6 Month-21.14%
12 Month-29.76%
2 Year-71.01%
3 Year-95.56%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.06
ATR(20)%6.26%
ATR Inc-13.89%
Range Today0.04
ADR(20)0.08
ADR(20)%6.11%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS13.62
Mansfield-2.89
10 Day High1.5
10 Day Low1.33
20 Day High1.88
20 Day Low1.32
52 Week High5.52
52 Week Low1.02
CS1 End1.37
CR1 Start1.44
Volume & EV
DER(3)0.03%
DER(5)-4.19%
Volume4.38K
Volume Incr-92.56%
Vol(5)10.36K
Vol(50)130.15K