Overall MGH gets a technical rating of 2 out of 10. 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.
MGH has a bad technical rating, but it does show a decent setup pattern. 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
We found 3 important support 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.
When analyzing the resistance we notice 2 important 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. |
NYSEARCA:MGH (1/27/2017, 8:18:47 PM)
0.2
+0.01 (+5.26%)
MINCO GOLD CORPORATION / MGH FAQ
What is the technical rating for MGH stock?
ChartMill assigns a technical rating of 1 / 10 to MGH.
What is the current trend direction of MINCO GOLD CORPORATION (MGH) stock?
The current trend direction for MINCO GOLD CORPORATION (MGH) is Bearish.
What is the RSI signal for MGH stock?
MINCO GOLD CORPORATION (MGH) has an RSI value of 49.2779. This indicates that the stock is currently neutral.
What is the MACD signal for MINCO GOLD CORPORATION (MGH) stock?
The MACD indicator for MINCO GOLD CORPORATION (MGH) has a value of -0.000797925, indicating a bearish trend.
Can you provide the short term momentum for MINCO GOLD CORPORATION?
The short term momentum for MINCO GOLD CORPORATION (MGH) is neutral.