MONEYGRAM INTERNATIONAL INC (MGI) Stock Technical Analysis
USA - NASDAQ:MGI - US60935Y2081 - Common Stock
Taking everything into account, MGI scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, MGI is only an average performer.
Although MGI has an excellent technical rating, it does not offer a high quality setup 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
10.05
When analyzing the support we can see 3 important areas.
- A support zone ranging from 10.77 to 10.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 10.40 to 10.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @10.15 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 11.00 to 11.00. This zone is formed by a combination of multiple trend lines 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 MGI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MGI is up. |
| ChartMill Relative Strength | 69.15 | NEUTRAL | MGI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MGI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MGI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MGI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.58 | NEUTRAL | The RSI value for MGI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests MGI has a negative trend. |
| Stochastics (14,3) | 92.5 | OVERBOUGHT | The high Stochastics value suggests MGI may be overbought. |
| Average True Range in percent/ATR (20) | 1.58 | LOW VOLATILITY | The low ATR as a percentage value for MGI suggests low volalility. |
| Average Directional Index/ADX (14) | 26.17 | POSITIVE | The high ADX value value for MGI suggests a strong trend. |
10.99
0 (0%)
MONEYGRAM INTERNATIONAL INC / MGI FAQ
What is the ChartMill technical rating of MONEYGRAM INTERNATIONAL INC (MGI) stock?
ChartMill assigns a technical rating of 8 / 10 to MGI.
What is the trend direction for MGI stock?
The current trend direction for MONEYGRAM INTERNATIONAL INC (MGI) is Bullish.
What is the RSI signal for MONEYGRAM INTERNATIONAL INC (MGI) stock?
MONEYGRAM INTERNATIONAL INC (MGI) has an RSI value of 62.5839. This indicates that the stock is currently neutral.
What is the short term momentum for MGI stock?
The short term momentum for MONEYGRAM INTERNATIONAL INC (MGI) is positive.
Can you provide the support and resistance levels for MONEYGRAM INTERNATIONAL INC?
MONEYGRAM INTERNATIONAL INC (MGI) has a support level at 10.97 and a resistance level at 11. Check the full technical report for our detailed analysis of MGI support and resistance levels.