MILLENNIUM GROUP INTERNATION (MGIH) Stock Technical Analysis
NASDAQ:MGIH - Nasdaq - KYG6169A1040 - Common Stock - Currency: USD
Overall MGIH gets a technical rating of 5 out of 10. In the last year, MGIH was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
MGIH is part of the Containers & Packaging industry. There are 22 other stocks in this industry, of which 71% are performing better than MGIH.
MGIH is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
Warning: MGIH has an average volume of 20408 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
When comparing the performance of all stocks over the past year, MGIH turns out to be only a medium performer in the overall market: it outperformed 44% of all stocks.
In the last month MGIH has a been trading in the 1.50 - 1.75 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
MGIH has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 1.58, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for MGIH in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
1.36
1.84
We found 4 important support areas.
- A support zone ranging from 1.57 to 1.58. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @1.48 from a trend line in the daily time frame.
- Support @1.44 from a trend line in the weekly time frame.
- A support zone ranging from 1.37 to 1.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 1.58 to 1.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.66 from a trend line in the daily time frame.
- Resistance @1.73 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 1.80 to 1.82. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The long term trend for MGIH is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MGIH is neutral. |
| ChartMill Relative Strength | 44.79 | NEUTRAL | MGIH is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of MGIH is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of MGIH is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MGIH is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.41 | NEUTRAL | The RSI value for MGIH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests MGIH has a negative trend. |
| Stochastics (14,3) | 36.58 | NEUTRAL | The Stochastics value for MGIH is a neutral value. |
| Average True Range in percent/ATR (20) | 5.35 | HIGH VOLATILITY | The high ATR as a percentage value for MGIH suggests high volalility. |
| Average Directional Index/ADX (14) | 31.35 | POSITIVE | The high ADX value value for MGIH suggests a strong trend. |
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)
NASDAQ:MGIH (7/11/2025, 8:00:00 PM)
1.5808
-0.03 (-1.81%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryContainers & Packaging
Performance
% Chg-1.81%
1 Week0.05%
2 Weeks-0.58%
1 Month1.99%
3 Month9.02%
6 Month0.69%
12 Month1.42%
2 Year-17.67%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.07
ATR(20)%5.35%
ATR Inc21.22%
Range Today0.03
ADR(20)0.08
ADR(20)%5.01%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS44.79
Mansfield-0.9
10 Day High1.68
10 Day Low1.55
20 Day High1.75
20 Day Low1.5
52 Week High6.83
52 Week Low1.32
CS1 End1.58
CR1 Start1.58
Volume & EV
DER(3)2.52%
DER(5)12.14%
Volume7.70K
Volume Incr127.03%
Vol(5)23.94K
Vol(50)20.41K