MILLENNIUM GROUP INTERNATION (MGIH) Stock Technical Analysis
USA - NASDAQ:MGIH - KYG6169A1040 - Common Stock
2.34 USD
+0.06 (+2.63%)
2.27 USD
-0.07 (-2.99%)
Overall MGIH gets a technical rating of 9 out of 10. Both in the recent history as in the last year, MGIH has proven to be a steady performer, scoring decent points in every aspect analyzed.
MGIH is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month MGIH has a been trading in the 1.55 - 4.50 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
When comparing the yearly performance of all stocks, we notice that MGIH is one of the better performing stocks in the market, outperforming 88% of all stocks.
MGIH is part of the Containers & Packaging industry. There are 22 other stocks in this industry. MGIH outperforms 85% of them.
MGIH has an average volume of 1131700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Considerably lower volume is observed in the last couple of days.
MGIH has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.
More info and screens
1.38
2.82
When analyzing the support we can see 6 important areas.
- A support zone ranging from 2.25 to 2.27. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @1.64 from a trend line in the daily time frame.
- A support zone ranging from 1.57 to 1.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.49 from a horizontal line in the daily time frame.
- Support @1.46 from a trend line in the weekly time frame.
- Support @1.39 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- Resistance @2.79 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 | UP | POSITIVE | The long term trend for MGIH is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MGIH is neutral. |
| ChartMill Relative Strength | 88.29 | POSITIVE | MGIH has a high relative strength, it outperformed 88.29% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MGIH is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MGIH is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MGIH is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.15 | NEUTRAL | The RSI value for MGIH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests MGIH has a negative trend. |
| Stochastics (14,3) | 26.25 | NEUTRAL | The Stochastics value for MGIH is a neutral value. |
| Average True Range in percent/ATR (20) | 19.6 | HIGH VOLATILITY | The high ATR as a percentage value for MGIH suggests high volalility. |
| Average Directional Index/ADX (14) | 57.52 | 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)
2.34
+0.06 (+2.63%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryContainers & Packaging
Performance
% Chg2.63%
1 Week-9.65%
2 Weeks-16.43%
1 Month28.53%
3 Month41.82%
6 Month57.05%
12 Month30%
2 Year30.01%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.56
ATR(20)%19.6%
ATR Inc-54.64%
Range Today0.28
ADR(20)0.41
ADR(20)%17.64%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.29
Mansfield2.62
10 Day High3.12
10 Day Low2.1
20 Day High4.5
20 Day Low1.55
52 Week High6.83
52 Week Low1.34
CS1 End2.27
CR1 Start2.79
Volume & EV
DER(3)0.25%
DER(5)0.12%
Volume1.78M
Volume Incr-79.26%
Vol(5)553.34K
Vol(50)1.13M