MILLENNIUM GROUP INTERNATION (MGIH) Technical Analysis
NASDAQ:MGIH • KYG6169A1040
Current stock price
1.6 USD
+0.16 (+11.11%)
At close:
1.6 USD
0 (0%)
Pre-Market:
MGIH Technical Rating and Analysis
Overall MGIH gets a technical rating of 4 out of 10. In the past year, MGIH was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
- MGIH is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MGIH is lagging the market.
- Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
- MGIH is one of the better performing stocks in the Containers & Packaging industry, it outperforms 71% of 22 stocks in the same industry.
- In the last month MGIH has a been trading in the 1.38 - 1.61 range, which is quite wide. It is currently trading near the high of this range.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- When comparing the yearly performance of all stocks, we notice that MGIH is one of the better performing stocks in the market, outperforming 77% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
MGIH Weekly and Daily overview Charts
MGIH Setup Rating and Analysis
MGIH has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
MGIH Support and Resistance Analysis
1.29
1.68
When analyzing the support we can see 4 important areas.
- A support zone ranging from 1.44 to 1.46. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @1.41 from a horizontal line in the weekly time frame.
- Support @1.38 from a horizontal line in the daily time frame.
- Support @1.30 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 1.64 to 1.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
MGIH Technical Indicator Signal Analysis
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 | 77.2 | POSITIVE | MGIH has a high relative strength, it outperformed 77.2% 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 | MIXED | The current price of MGIH is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 67.09 | 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. |
| Stochastics (14,3) | 60.22 | NEUTRAL | The Stochastics value for MGIH is a neutral value. |
| Average True Range in percent/ATR (20) | 3.45 | MEDIUM VOLATILITY | The ATR as a percentage value for MGIH suggests some volalility. |
| Average Directional Index/ADX (14) | 41.77 | POSITIVE | The high ADX value value for MGIH suggests a strong trend. |
MGIH Chart- and CandleStick Pattern Analysis
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)
MGIH Technicals: Chart, Performance Metrics, Trend & Indicators
1.6
+0.16 (+11.11%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryContainers & Packaging
Performance
% Chg11.11%
1 Week12.93%
2 Weeks13.47%
1 Month9.59%
3 Month24.77%
6 Month-38.22%
12 Month-1.84%
2 Year8.11%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.05
ATR(20)%3.45%
ATR Inc149.42%
Range Today0.15
ADR(20)0.05
ADR(20)%3.01%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.2
3 months CRS93.63
6 months CRS14.18
Mansfield-0.38
10 Day High1.61
10 Day Low1.38
20 Day High1.61
20 Day Low1.38
52 Week High4.5
52 Week Low1.11
CS1 End1.46
CR1 Start1.64
Volume & EV
DER(3)8.92%
DER(5)11.18%
Volume51.10K
Volume Incr89.82%
Vol(5)12.86K
Vol(50)30.00K
MILLENNIUM GROUP INTERNATION / MGIH TA FAQ
Can you provide the ChartMill technical rating for MILLENNIUM GROUP INTERNATION?
ChartMill assigns a technical rating of 4 / 10 to MGIH.
What is the current trend direction of MILLENNIUM GROUP INTERNATION (MGIH) stock?
The current trend direction for MILLENNIUM GROUP INTERNATION (MGIH) is Bearish.
Can you provide the RSI signal for MILLENNIUM GROUP INTERNATION?
MILLENNIUM GROUP INTERNATION (MGIH) has an RSI value of 67.0941. This indicates that the stock is currently neutral.
What is the MACD signal for MGIH stock?
The MACD indicator for MILLENNIUM GROUP INTERNATION (MGIH) has a value of 0.0123477, indicating a bearish trend.
What is the short term momentum for MGIH stock?
The short term momentum for MILLENNIUM GROUP INTERNATION (MGIH) is neutral.