MONEYGRAM INTERNATIONAL INC (MGI) Technical Analysis
NASDAQ:MGI • US60935Y2081
Current stock price
MGI Technical Rating and Analysis
We assign a technical rating of 8 out of 10 to MGI. 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.
- Both the short term and long term trends are positive. This is a very positive sign.
- MGI is part of the Financial Services industry. There are 99 other stocks in this industry. MGI outperforms 78% of them.
- A new 52 week high is currently being made by MGI, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month MGI has a been trading in the 8.59 - 11.00 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been consolidating recently, this may present a good entry opportunity.
- Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
- MGI has an average volume of 3840210 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the performance of all stocks over the past year, MGI turns out to be only a medium performer in the overall market: it outperformed 69% of all stocks.
MGI Weekly and Daily overview Charts
MGI Setup Rating and Analysis
Although MGI 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
MGI Support and Resistance Analysis
10.05
3 important support areas can be observed.
- 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.
When analyzing the resistance we notice one important 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.
MGI Technical Indicator Signal Analysis
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. |
MGI Chart- and CandleStick Pattern Analysis
MGI Technicals: Chart, Performance Metrics, Trend & Indicators
10.99
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MONEYGRAM INTERNATIONAL INC / MGI TA FAQ
What is the ChartMill technical rating of MONEYGRAM INTERNATIONAL INC (MGI) stock?
ChartMill assigns a technical rating of 8 / 10 to MGI.
Can you provide the trend direction for MONEYGRAM INTERNATIONAL INC?
The current trend direction for MONEYGRAM INTERNATIONAL INC (MGI) is Bullish.
Can you provide the RSI signal for MONEYGRAM INTERNATIONAL INC?
MONEYGRAM INTERNATIONAL INC (MGI) has an RSI value of 62.5839. This indicates that the stock is currently neutral.
What is the MACD signal for MGI stock?
The MACD indicator for MONEYGRAM INTERNATIONAL INC (MGI) has a value of -0.000252161, indicating a bearish trend.
What are the support and resistance levels for MONEYGRAM INTERNATIONAL INC (MGI) stock?
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.