Micro Focus International plc (MFGP) Stock Technical Analysis
USA - NYSE:MFGP - US5948374039 - ADR
We assign a technical rating of 8 out of 10 to MFGP. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MFGP is showing a nice and steady performance.
Although MFGP has an excellent technical rating, it does not offer a high quality setup 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
6.19
We found 1 important support area.
- A support zone ranging from 6.25 to 6.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 6.50 to 6.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | UP | POSITIVE | The long term trend for MFGP is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MFGP is neutral. |
| ChartMill Relative Strength | 85.32 | POSITIVE | MFGP has a high relative strength, it outperformed 85.32% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MFGP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MFGP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MFGP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.38 | NEUTRAL | The RSI value for MFGP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests MFGP has a negative trend. |
| Stochastics (14,3) | 73.53 | NEUTRAL | The Stochastics value for MFGP is a neutral value. |
| Average True Range in percent/ATR (20) | 1.01 | LOW VOLATILITY | The low ATR as a percentage value for MFGP suggests low volalility. |
| Average Directional Index/ADX (14) | 21.93 | NEUTRAL | The ADX value for MFGP suggests a possible start of a new trend. |
6.48
-0.03 (-0.46%)
Micro Focus International plc / MFGP FAQ
Can you provide the ChartMill technical rating for Micro Focus International plc?
ChartMill assigns a technical rating of 7 / 10 to MFGP.
What is the current trend direction of Micro Focus International plc (MFGP) stock?
The current trend direction for Micro Focus International plc (MFGP) is Bullish.
What is the RSI signal for MFGP stock?
Micro Focus International plc (MFGP) has an RSI value of 59.3777. This indicates that the stock is currently neutral.
Can you provide the MACD signal for Micro Focus International plc?
The MACD indicator for Micro Focus International plc (MFGP) has a value of -0.000757376, indicating a bearish trend.
What is the support and resistance level for MFGP stock?
Micro Focus International plc (MFGP) has a support level at 6.43 and a resistance level at 6.5. Check the full technical report for our detailed analysis of MFGP support and resistance levels.