MAGIC EMPIRE GLOBAL LTD-A (MEGL) Technical Analysis
NASDAQ:MEGL • VGG5865E1218
Current stock price
MEGL Technical Rating and Analysis
Taking everything into account, MEGL scores 2 out of 10 in our technical rating. MEGL scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- When comparing the yearly performance of all stocks, MEGL is a bad performer in the overall market: 80% of all stocks are doing better.
- MEGL is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- Warning: MEGL has an average volume of 19392 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- In the last month MEGL has a been trading in the 0.99 - 1.19 range, which is quite wide. It is currently trading near the high of this range.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- MEGL is part of the Capital Markets industry. There are 240 other stocks in this industry, MEGL did better than 41% of them.
MEGL Weekly and Daily overview Charts
MEGL Setup Rating and Analysis
The technical rating of MEGL is bad and it also does not present a 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.
More info and screens
MEGL Support and Resistance Analysis
1.00
2 important support areas can be observed.
- A support zone ranging from 1.06 to 1.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1.01 to 1.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 1.12 to 1.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
MEGL 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 | NEUTRAL | NEUTRAL | The long term trend for MEGL is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MEGL is neutral. |
| ChartMill Relative Strength | 20 | NEGATIVE | MEGL has a low relative strength, it was outperformed by 80% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MEGL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of MEGL is above 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) | 61.9 | NEUTRAL | The RSI value for MEGL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests MEGL has a positive trend. |
| Stochastics (14,3) | 57.78 | NEUTRAL | The Stochastics value for MEGL is a neutral value. |
| Average True Range in percent/ATR (20) | 3.58 | MEDIUM VOLATILITY | The ATR as a percentage value for MEGL suggests some volalility. |
| Average Directional Index/ADX (14) | 23.83 | NEUTRAL | The ADX value for MEGL suggests a possible start of a new trend. |
MEGL Chart- and CandleStick Pattern Analysis
MEGL Technicals: Chart, Performance Metrics, Trend & Indicators
NASDAQ:MEGL (4/15/2026, 12:52:51 PM)
1.12
0 (0%)
MAGIC EMPIRE GLOBAL LTD-A / MEGL TA FAQ
Can you provide the ChartMill technical rating for MAGIC EMPIRE GLOBAL LTD-A?
ChartMill assigns a technical rating of 2 / 10 to MEGL.
What is the current trend direction of MAGIC EMPIRE GLOBAL LTD-A (MEGL) stock?
The current trend direction for MAGIC EMPIRE GLOBAL LTD-A (MEGL) is Bearish.
What is the RSI signal for MAGIC EMPIRE GLOBAL LTD-A (MEGL) stock?
MAGIC EMPIRE GLOBAL LTD-A (MEGL) has an RSI value of 61.8951. This indicates that the stock is currently neutral.
Can you provide the MACD signal for MAGIC EMPIRE GLOBAL LTD-A?
The MACD indicator for MAGIC EMPIRE GLOBAL LTD-A (MEGL) has a value of 0.00500013, indicating a bearish trend.