Taking everything into account, MEGL scores 1 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.
MEGL has a bad 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 1.22, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
1.16
2 important support areas can be observed.
- A support zone ranging from 1.21 to 1.22. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 1.17 to 1.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
5 important resistance areas can be observed.
- A resistance zone ranging from 1.27 to 1.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.49 from a trend line in the daily time frame.
- Resistance @1.54 from a horizontal line in the daily time frame.
- Resistance @1.69 from a trend line in the daily time frame.
- Resistance @1.86 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 | 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 | 10.64 | NEGATIVE | MEGL has a low relative strength, it was outperformed by 89.36% 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) | 45.25 | 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, although the MACD value is declining. |
| Stochastics (14,3) | 26.66 | NEUTRAL | The Stochastics value for MEGL is a neutral value. |
| Average True Range in percent/ATR (20) | 7.8 | HIGH VOLATILITY | The high ATR as a percentage value for MEGL suggests high volalility. |
| Average Directional Index/ADX (14) | 18.98 | NEGATIVE | The low ADX value for MEGL suggests a weak or negative trend. |
NASDAQ:MEGL (12/12/2025, 8:00:00 PM)
1.2631
-0.03 (-2.09%)
MAGIC EMPIRE GLOBAL LTD-A / MEGL FAQ
Can you provide the ChartMill technical rating for MAGIC EMPIRE GLOBAL LTD-A?
ChartMill assigns a technical rating of 1 / 10 to MEGL.
What is the trend direction for MEGL stock?
The current trend direction for MAGIC EMPIRE GLOBAL LTD-A (MEGL) is Bearish.
What is the RSI signal for MEGL stock?
MAGIC EMPIRE GLOBAL LTD-A (MEGL) has an RSI value of 45.2463. This indicates that the stock is currently neutral.
What is the MACD signal for MAGIC EMPIRE GLOBAL LTD-A (MEGL) stock?
The MACD indicator for MAGIC EMPIRE GLOBAL LTD-A (MEGL) has a value of 0.00702228, indicating a bearish trend.