Miragen Therapeutics Inc (MGEN) Stock Technical Analysis
USA - NASDAQ:MGEN -
Overall MGEN gets a technical rating of 9 out of 10. 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.
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
3 important support areas can be observed.
- 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.
When analyzing the resistance we notice one important 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. |
NASDAQ:MGEN (1/19/2021, 8:20:36 PM)
23.01
-0.02 (-0.09%)
Miragen Therapeutics Inc / MGEN FAQ
Can you provide the ChartMill technical rating for Miragen Therapeutics Inc?
ChartMill assigns a technical rating of 8 / 10 to MGEN.
Can you provide the trend direction for Miragen Therapeutics Inc?
The current trend direction for Miragen Therapeutics Inc (MGEN) is Bullish.
What is the RSI signal for MGEN stock?
Miragen Therapeutics Inc (MGEN) has an RSI value of 64.7191. This indicates that the stock is currently neutral.
What is the MACD signal for Miragen Therapeutics Inc (MGEN) stock?
The MACD indicator for Miragen Therapeutics Inc (MGEN) has a value of 0.579274, indicating a bearish trend.
Can you provide the support and resistance levels for Miragen Therapeutics Inc?
Miragen Therapeutics Inc (MGEN) has a support level at 19.31 and a resistance level at 23.03. Check the full technical report for our detailed analysis of MGEN support and resistance levels.