NASDAQ:MEGL - Nasdaq - VGG5865E1218 - Common Stock - Currency: USD
Overall MEGL gets a technical rating of 1 out of 10. 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.
Although the technical rating is bad, MEGL does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. We notice that large players showed an interest for MEGL in the last couple of days, which is a good sign.
1.34
When analyzing the support we notice one important area.
4 important resistance areas can be observed.
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 | NEUTRAL | NEUTRAL | The short term trend for MEGL is neutral. |
ChartMill Relative Strength | 11.34 | NEGATIVE | MEGL has a low relative strength, it was outperformed by 88.66% off all stocks on the market. |
Simple Moving Average/SMA (20) | UP | MIXED | The current price of MEGL is below the rising 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) | 47.21 | NEUTRAL | The RSI value for MEGL is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests MEGL has a negative trend. |
Stochastics (14,3) | 21.16 | NEUTRAL | The Stochastics value for MEGL is a neutral value. |
Average True Range in percent/ATR (20) | 14.84 | HIGH VOLATILITY | The high ATR as a percentage value for MEGL suggests high volalility. |
Average Directional Index/ADX (14) | 15.84 | NEGATIVE | The low ADX value for MEGL suggests a weak or negative trend. |
1.36
-0.01 (-0.98%)