MILLENNIUM GROUP INTERNATION (MGIH) Stock Technical Analysis
USA - NASDAQ:MGIH - KYG6169A1040 - Common Stock
1.99 USD
-0.02 (-1%)
Overall MGIH gets a technical rating of 6 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
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 1.90 - 2.71 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.
MGIH is one of the better performing stocks in the Containers & Packaging industry, it outperforms 90% of 22 stocks in the same industry.
MGIH has an average volume of 1149790 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
When comparing the yearly performance of all stocks, we notice that MGIH is one of the better performing stocks in the market, outperforming 81% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
Considerably lower volume is observed in the last couple of days.
MGIH has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
1.46
2.30
When analyzing the support we can see 4 important areas.
- A support zone ranging from 1.98 to 1.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.68 from a trend line in the daily time frame.
- A support zone ranging from 1.59 to 1.59. 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.
- A resistance zone ranging from 2.27 to 2.28. This zone is formed by a combination of multiple trend lines and important moving averages 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 | DOWN | NEGATIVE | The short term trend for MGIH is down. |
| ChartMill Relative Strength | 81.53 | POSITIVE | MGIH has a high relative strength, it outperformed 81.53% 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) | DOWN | MIXED | The current price of MGIH is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 43.17 | 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. |
| Stochastics (14,3) | 11.09 | OVERSOLD | The low Stochastics value suggests MGIH may be oversold. |
| Average True Range in percent/ATR (20) | 10.8 | HIGH VOLATILITY | The high ATR as a percentage value for MGIH suggests high volalility. |
| Average Directional Index/ADX (14) | 42.15 | 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 (10/17/2025, 8:00:01 PM)
1.99
-0.02 (-1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryContainers & Packaging
Performance
% Chg-1%
1 Week-9.13%
2 Weeks-15.32%
1 Month-23.17%
3 Month24.31%
6 Month37.24%
12 Month12.44%
2 Year25.95%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.21
ATR(20)%10.8%
ATR Inc-35.95%
Range Today0.12
ADR(20)0.21
ADR(20)%10.43%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS81.53
Mansfield0.66
10 Day High2.48
10 Day Low1.9
20 Day High2.71
20 Day Low1.9
52 Week High6.83
52 Week Low1.34
CS1 End1.98
CR1 Start2.27
Volume & EV
DER(3)-10.79%
DER(5)-11.23%
Volume17.90K
Volume Incr-95.72%
Vol(5)41.44K
Vol(50)1.15M