MILLENNIUM GROUP INTERNATION (MGIH) Technical Analysis
NASDAQ:MGIH • KYG6169A1040
Current stock price
MGIH Technical Rating and Analysis
Overall MGIH gets a technical rating of 3 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. MGIH was also a bad performer in the overall market in the last year.
- 69% of all other stocks performed better in the past year than MGIH.
- 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.
- Warning: MGIH has an average volume of 8958 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- MGIH is an average performer in the Containers & Packaging industry, it outperforms 47% of 22 stocks in the same industry.
- In the last month MGIH has a been trading in the 1.36 - 1.61 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
MGIH Weekly and Daily overview Charts
MGIH Setup Rating and Analysis
MGIH has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 1.46, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for MGIH in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
MGIH Support and Resistance Analysis
1.27
We found 3 important support areas.
- A support zone ranging from 1.42 to 1.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1.36 to 1.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 1.28 to 1.30. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @1.56 from a trend line in the daily time frame.
- 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 | UP | POSITIVE | The short term trend for MGIH is up. |
| ChartMill Relative Strength | 31.13 | NEUTRAL | MGIH is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of MGIH is above 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) | 56.19 | 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) | 52.04 | NEUTRAL | The Stochastics value for MGIH is a neutral value. |
| Average True Range in percent/ATR (20) | 4.35 | MEDIUM VOLATILITY | The ATR as a percentage value for MGIH suggests some volalility. |
| Average Directional Index/ADX (14) | 40.4 | POSITIVE | The high ADX value value for MGIH suggests a strong trend. |
MGIH Chart- and CandleStick Pattern Analysis
MGIH Technicals: Chart, Performance Metrics, Trend & Indicators
NASDAQ:MGIH (4/17/2026, 8:00:00 PM)
1.47
+0.03 (+2.08%)
MILLENNIUM GROUP INTERNATION / MGIH TA FAQ
Can you provide the ChartMill technical rating for MILLENNIUM GROUP INTERNATION?
ChartMill assigns a technical rating of 3 / 10 to MGIH.
What is the trend direction for MGIH stock?
The current trend direction for MILLENNIUM GROUP INTERNATION (MGIH) is Bearish.
What is the RSI signal for MILLENNIUM GROUP INTERNATION (MGIH) stock?
MILLENNIUM GROUP INTERNATION (MGIH) has an RSI value of 56.1911. This indicates that the stock is currently neutral.
What is the support and resistance level for MGIH stock?
MILLENNIUM GROUP INTERNATION (MGIH) has a support level at 1.46 and a resistance level at 1.56. Check the full technical report for our detailed analysis of MGIH support and resistance levels.