VANGUARD MEGA CAP ETF (MGC) Stock Technical Analysis
USA - NYSEARCA:MGC - US9219108738 - ETF
243.03 USD
-0.05 (-0.02%)
245.45 USD
+2.42 (+1%)
Overall MGC gets a technical rating of 8 out of 10. Although MGC is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
MGC is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month MGC has a been trading in the 231.26 - 245.68 range, which is quite wide. It is currently trading near the high of this range.
When comparing the yearly performance of all stocks, we notice that MGC is one of the better performing stocks in the market, outperforming 73% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
Although MGC has an excellent technical rating, it does not present a decent entry opportunity 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
175.29
248.02
When analyzing the support we can see 3 important areas.
- A support zone ranging from 226.31 to 226.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @216.49 from a horizontal line in the daily time frame.
- Support @177.06 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 243.06 to 245.56. 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 MGC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MGC is up. |
| ChartMill Relative Strength | 73.77 | POSITIVE | MGC has a high relative strength, it outperformed 73.77% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MGC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MGC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MGC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.23 | NEUTRAL | The RSI value for MGC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests MGC has a negative trend. |
| Stochastics (14,3) | 65.2 | NEUTRAL | The Stochastics value for MGC is a neutral value. |
| Average True Range in percent/ATR (20) | 0.78 | LOW VOLATILITY | The low ATR as a percentage value for MGC suggests low volalility. |
| Average Directional Index/ADX (14) | 28.43 | POSITIVE | The high ADX value value for MGC suggests a strong 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)
243.03
-0.05 (-0.02%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.02%
1 Week-1.03%
2 Weeks0.43%
1 Month3.39%
3 Month6.88%
6 Month33.48%
12 Month17.86%
2 Year60.02%
3 Year94.7%
5 Year102.69%
10 Year272.29%
15 Year523.31%
Volatility
ATR(14)1.76
ATR(20)%0.78%
ATR Inc-12.09%
Range Today1.4
ADR(20)1.6
ADR(20)%0.66%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS73.77
Mansfield0.1
10 Day High245.68
10 Day Low239.8
20 Day High245.68
20 Day Low231.27
52 Week High245.68
52 Week Low173.32
CS1 End226.31
CR1 Start243.06
Volume & EV
DER(3)0.67%
DER(5)0.63%
Volume92.20K
Volume Incr-53.57%
Vol(5)93.54K
Vol(50)124.72K