MILLENNIUM GROUP INTERNATION (MGIH) Stock Technical Analysis
USA - NASDAQ:MGIH - KYG6169A1040 - Common Stock
Taking everything into account, MGIH scores 3 out of 10 in our technical rating. In the last year, MGIH was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
MGIH has a poor technical rating and the quality of the setup is also only medium 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
1.46
3 important support areas can be observed.
- A support zone ranging from 1.70 to 1.70. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 1.60 to 1.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 1.47 to 1.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- Resistance @2.18 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 | NEUTRAL | NEUTRAL | The long term trend for MGIH is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MGIH is down. |
| ChartMill Relative Strength | 72.05 | POSITIVE | MGIH has a high relative strength, it outperformed 72.05% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MGIH is below a declining 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) | UP | POSITIVE | The current price of MGIH is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.82 | NEUTRAL | The RSI value for MGIH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests MGIH has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 18.88 | OVERSOLD | The low Stochastics value suggests MGIH may be oversold. |
| Average True Range in percent/ATR (20) | 10.23 | HIGH VOLATILITY | The high ATR as a percentage value for MGIH suggests high volalility. |
| Average Directional Index/ADX (14) | 31.34 | POSITIVE | The high ADX value value for MGIH suggests a strong trend. |
1.88
+0.04 (+2.17%)
MILLENNIUM GROUP INTERNATION / MGIH FAQ
Can you provide the ChartMill technical rating for MILLENNIUM GROUP INTERNATION?
ChartMill assigns a technical rating of 3 / 10 to MGIH.
Can you provide the trend direction for MILLENNIUM GROUP INTERNATION?
The current trend direction for MILLENNIUM GROUP INTERNATION (MGIH) is Bearish.
What is the RSI signal for MGIH stock?
MILLENNIUM GROUP INTERNATION (MGIH) has an RSI value of 42.8205. This indicates that the stock is currently neutral.
What is the MACD signal for MILLENNIUM GROUP INTERNATION (MGIH) stock?
The MACD indicator for MILLENNIUM GROUP INTERNATION (MGIH) has a value of -0.055493, indicating a bearish trend.
Can you provide the support and resistance levels for MILLENNIUM GROUP INTERNATION?
MILLENNIUM GROUP INTERNATION (MGIH) has a support level at 1.7 and a resistance level at 2.18. Check the full technical report for our detailed analysis of MGIH support and resistance levels.