Miragen Therapeutics Inc (MGEN) Stock Technical Analysis
USA - NASDAQ:MGEN -
23.01
-0.02 (-0.09%)
We assign a technical rating of 9 out of 10 to MGEN. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MGEN is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
In the last month MGEN has a been trading in the 16.02 - 25.67 range, which is quite wide. It is currently trading near the high of this range.
Looking at the yearly performance, MGEN did better than 94% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
MGEN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MGEN is lagging the market.
Considerably lower volume is observed in the last couple of days.
Although MGEN 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
16.05
23.26
When analyzing the support we can see 3 important areas.
- A support zone ranging from 19.18 to 19.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @16.64 from a trend line in the daily time frame.
- Support @16.21 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- Resistance @23.03 from a horizontal line in the weekly 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 | UP | POSITIVE | The long term trend for MGEN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MGEN is up. |
| ChartMill Relative Strength | 94.92 | POSITIVE | MGEN has a high relative strength, it outperformed 94.92% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MGEN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MGEN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MGEN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.72 | NEUTRAL | The RSI value for MGEN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.58 | POSITIVE | The MACD value suggests MGEN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 79.13 | NEUTRAL | The Stochastics value for MGEN is a neutral value. |
| Average True Range in percent/ATR (20) | 7.54 | HIGH VOLATILITY | The high ATR as a percentage value for MGEN suggests high volalility. |
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)
NASDAQ:MGEN (1/19/2021, 8:20:36 PM)
23.01
-0.02 (-0.09%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.09%
1 Week4.92%
2 Weeks33.78%
1 Month15.69%
3 Month213.06%
6 Month23.71%
12 Month58.14%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2
ATR(20)%7.54%
ATR Inc-0.69%
Range Today0.93
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.92
Mansfield4.49
10 Day High25.67
10 Day Low16.39
20 Day High25.67
20 Day Low16.02
52 Week High34.05
52 Week Low4.67
CS1 End19.31
CR1 Start23.03
Volume & EV
DER(3)3.11%
DER(5)3.45%
Volume44.30K
Volume Incr2.1%
Vol(5)100.40K
Vol(50)344.37K