MAGIC EMPIRE GLOBAL LTD-A (MEGL) Stock Technical Analysis
NASDAQ:MEGL - Nasdaq - VGG5865E1218 - Common Stock - Currency: USD
We assign a technical rating of 2 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 part of the Capital Markets industry. There are 229 other stocks in this industry, of which 84% are performing better than MEGL.
MEGL is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so MEGL is lagging the market.
MEGL has an average volume of 1146160 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month MEGL has a been trading in the 1.10 - 2.18 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
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
1.36
2.47
We found 1 important support area.
- A support zone ranging from 1.37 to 1.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
3 important resistance areas can be observed.
- Resistance @1.81 from a trend line in the daily time frame.
- Resistance @1.94 from a horizontal line in the daily time frame.
- Resistance @2.45 from a trend line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.81
Mansfield-3.13
10 Day High2.18
10 Day Low1.15
20 Day High2.18
20 Day Low1.1
52 Week High5.52
52 Week Low1.02
Performance
1 Week-16.51%
2 Weeks16.23%
1 Month16.61%
3 Month-25.91%
6 Month-29.41%
12 Month-51.68%
2 Year-81.14%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.01
RSI(14)49.44
LBB0.96
UBB1.94
1.411
-0.05 (-3.2%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryCapital Markets
Performance
% Chg-3.2%
1 Week-16.51%
2 Weeks16.23%
1 Month16.61%
3 Month-25.91%
6 Month-29.41%
12 Month-51.68%
2 Year-81.14%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.24
ATR(20)%13.73%
ATR Inc-56.53%
Range Today0.11
ADR(20)0.17
ADR(20)%11.81%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.81
Mansfield-3.13
10 Day High2.18
10 Day Low1.15
20 Day High2.18
20 Day Low1.1
52 Week High5.52
52 Week Low1.02
CS1 End1.4
CR1 Start1.81
Volume & EV
DER(3)-19.29%
DER(5)-10.22%
Volume38.88K
Volume Incr-96%
Vol(5)111.88K
Vol(50)1.15M