MAGIC EMPIRE GLOBAL LTD-A (MEGL) Technical Analysis
NASDAQ:MEGL • VGG5865E1218
Current stock price
1.045 USD
-0.02 (-1.88%)
At close:
1.04 USD
0 (-0.48%)
After Hours:
MEGL Technical Rating and Analysis
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.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- 83% of all other stocks performed better in the past year than MEGL.
- MEGL is one of the lesser performing stocks in the Capital Markets industry. 63% of 240 stocks in the same industry do better.
- MEGL is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MEGL is lagging the market.
- Warning: MEGL has an average volume of 25378 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- MEGL is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
MEGL Weekly and Daily overview Charts
MEGL Setup Rating and Analysis
MEGL has a poor technical rating and the quality of the setup is also not perfect at the moment. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
MEGL Support and Resistance Analysis
0.89
1.17
When analyzing the support we can see 2 important areas.
- Support @0.93 from a trend line in the daily time frame.
- Support @0.90 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 1.07 to 1.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 1.15 to 1.16. 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 | 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 | 17.37 | NEGATIVE | MEGL has a low relative strength, it was outperformed by 82.63% 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 | 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) | 50.29 | 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) | 59.73 | NEUTRAL | The Stochastics value for MEGL is a neutral value. |
| Average True Range in percent/ATR (20) | 6 | HIGH VOLATILITY | The high ATR as a percentage value for MEGL suggests high volalility. |
| Average Directional Index/ADX (14) | 19.45 | NEGATIVE | The low ADX value for MEGL suggests a weak or negative trend. |
MEGL Chart- and CandleStick Pattern Analysis
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)
MEGL Technicals: Chart, Performance Metrics, Trend & Indicators
1.045
-0.02 (-1.88%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryCapital Markets
Performance
% Chg-1.88%
1 Week-4.13%
2 Weeks-3.24%
1 Month11.17%
3 Month-12.18%
6 Month-33.01%
12 Month-27.43%
2 Year-59.76%
3 Year-82.81%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.06
ATR(20)%6%
ATR Inc-51.78%
Range Today0.02
ADR(20)0.06
ADR(20)%5.69%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS17.37
3 months CRS27.1
6 months CRS16.59
Mansfield-2.39
10 Day High1.15
10 Day Low1.02
20 Day High1.18
20 Day Low0.87
52 Week High2.62
52 Week Low0.87
CS1 End0.93
CR1 Start1.07
Volume & EV
DER(3)-12.33%
DER(5)-15.55%
Volume5.60K
Volume Incr-34.08%
Vol(5)9.46K
Vol(50)25.38K
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 1 / 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 MEGL stock?
MAGIC EMPIRE GLOBAL LTD-A (MEGL) has an RSI value of 50.2911. 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 0.00979728, indicating a bearish trend.
What is the short term momentum for MEGL stock?
The short term momentum for MAGIC EMPIRE GLOBAL LTD-A (MEGL) is neutral.