MILLENNIUM GROUP INTERNATION (MGIH) Stock Technical Analysis
NASDAQ:MGIH - KYG6169A1040 - Common Stock
1.59 USD
-0.55 (-25.7%)
1.56 USD
-0.03 (-1.89%)
We assign a technical rating of 3 out of 10 to MGIH. MGIH has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
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.
In the last month MGIH has a been trading in the 1.53 - 2.30 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.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
When compared to the yearly performance of all other stocks, MGIH outperforms 40% of them, which is more or less in line with the market.
MGIH is an average performer in the Containers & Packaging industry, it outperforms 61% of 22 stocks in the same industry.
The technical rating of MGIH is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
1.36
1.61
4 important support areas can be observed.
- A support zone ranging from 1.55 to 1.55. 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.
- 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.
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 | 40.13 | NEUTRAL | MGIH is not amongst the best or worst performers 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) | DOWN | NEGATIVE | The current price of MGIH is below a declining 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) | 44.34 | NEUTRAL | The RSI value for MGIH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests MGIH has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 54.05 | NEUTRAL | The Stochastics value for MGIH is a neutral value. |
| Average True Range in percent/ATR (20) | 8.25 | HIGH VOLATILITY | The high ATR as a percentage value for MGIH suggests high volalility. |
| Average Directional Index/ADX (14) | 38.85 | 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)
1.59
-0.55 (-25.7%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryContainers & Packaging
Performance
% Chg-25.7%
1 Week-12.67%
2 Weeks-7.55%
1 Month-2.84%
3 Month3.25%
6 Month3.25%
12 Month0.63%
2 Year-11.66%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.16
ATR(20)%8.25%
ATR Inc397.1%
Range Today0.23
ADR(20)0.11
ADR(20)%6.75%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS40.13
Mansfield-1.08
10 Day High2.3
10 Day Low1.55
20 Day High2.3
20 Day Low1.53
52 Week High6.83
52 Week Low1.34
CS1 End1.55
CR1 StartN/A
Volume & EV
DER(3)0.33%
DER(5)-4.85%
Volume272.10K
Volume Incr876.8%
Vol(5)186.08K
Vol(50)35.04K