1.21 USD
-0.07 (-5.47%)
1.29 USD
+0.08 (+6.61%)
We assign a technical rating of 1 out of 10 to MEGL. 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 neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- 91% 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. 84% of 237 stocks in the same industry do 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.
- In the last month MEGL has a been trading in the 1.14 - 1.45 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- Warning: MEGL has an average volume of 24236 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
MEGL has a poor technical rating and the quality of the setup is also not perfect 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
1.16
1.88
We found 1 important support area.
- A support zone ranging from 1.17 to 1.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 7 important areas.
- A resistance zone ranging from 1.26 to 1.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.31 from a horizontal line in the weekly time frame.
- Resistance @1.34 from a trend line in the daily time frame.
- Resistance @1.38 from a horizontal line in the daily time frame.
- Resistance @1.54 from a horizontal line in the daily time frame.
- Resistance @1.60 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 | 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 | 9.61 | NEGATIVE | MEGL has a low relative strength, it was outperformed by 90.39% 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) | 45.08 | 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, although the MACD value is declining. |
| Stochastics (14,3) | 27.96 | NEUTRAL | The Stochastics value for MEGL is a neutral value. |
| Average True Range in percent/ATR (20) | 4.98 | MEDIUM VOLATILITY | The ATR as a percentage value for MEGL suggests some volalility. |
| Average Directional Index/ADX (14) | 20.53 | NEUTRAL | The ADX value for MEGL suggests a possible start of a new 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)
1.21
-0.07 (-5.47%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryCapital Markets
Performance
% Chg-5.47%
1 Week-11.68%
2 Weeks-0.82%
1 Month1.68%
3 Month-21.43%
6 Month-12.96%
12 Month-43.94%
2 Year-63.11%
3 Year-88.23%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.07
ATR(20)%4.98%
ATR Inc0.61%
Range Today0.06
ADR(20)0.06
ADR(20)%4.65%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.61
3 months CRS13.71
6 months CRS17.85
Mansfield-2.42
10 Day High1.45
10 Day Low1.19
20 Day High1.45
20 Day Low1.14
52 Week High3.06
52 Week Low1.02
CS1 End1.18
CR1 Start1.26
Volume & EV
DER(3)-1.39%
DER(5)0.21%
Volume32.30K
Volume Incr63.95%
Vol(5)33.84K
Vol(50)24.24K
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 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 45.083. 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 0.00467581, 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.