MINCO GOLD CORPORATION (MGH) Stock Technical Analysis
NYSEARCA:MGH - NYSE Arca - CA60254D1087
Taking everything into account, MGH scores 2 out of 10 in our technical rating. Although MGH is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
MGH is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MGH is lagging the market.
In the last month MGH has a been trading in the 0.19 - 0.23 range, which is quite wide. It is currently trading near the lows of this range.
Looking at the yearly performance, MGH did better than 80% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
Although the technical rating is bad, MGH does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 0.21. Right above this resistance zone may be a good entry point.
More info and screens
0.12
0.22
When analyzing the support we can see 3 important areas.
- A support zone ranging from 0.18 to 0.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.17 from a trend line in the daily time frame.
- Support @0.12 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 0.21 to 0.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @0.22 from a trend line in the daily 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 | DOWN | NEGATIVE | The long term trend for MGH is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MGH is neutral. |
| ChartMill Relative Strength | 80.87 | POSITIVE | MGH has a high relative strength, it outperformed 80.87% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MGH is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of MGH is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MGH is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.28 | NEUTRAL | The RSI value for MGH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests MGH has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 27.78 | NEUTRAL | The Stochastics value for MGH is a neutral value. |
| Average True Range in percent/ATR (20) | 8.2 | HIGH VOLATILITY | The high ATR as a percentage value for MGH 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)
NYSEARCA:MGH (1/27/2017, 8:18:47 PM)
0.2
+0.01 (+5.26%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg5.26%
1 Week0%
2 Weeks-4.76%
1 Month0%
3 Month-16.67%
6 Month-35.48%
12 Month53.85%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.02
ATR(20)%8.2%
ATR Inc12.86%
Range Today0.02
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
CRS80.87
Mansfield-2.98
10 Day High0.22
10 Day Low0.19
20 Day High0.23
20 Day Low0.19
52 Week High0.42
52 Week Low0.12
CS1 End0.18
CR1 Start0.21
Volume & EV
DER(3)-35.54%
DER(5)-14.24%
Volume52.40K
Volume Incr-3.38%
Vol(5)94.58K
Vol(50)113.94K