SPDR MSTR MLT AST GLOB INFRA (MGIN.MI) Stock Technical Analysis
BIT:MGIN - Euronext Milan - IE00BQWJFQ70 - ETF - Currency: EUR
Overall MGIN gets a technical rating of 3 out of 10. In the last year, MGIN was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
MGIN has a poor technical rating and the quality of the setup is also not perfect 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.
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29.66
When analyzing the support we notice one important area.
- Support @29.96 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @33.09 from a horizontal 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 | UP | POSITIVE | The long term trend for MGIN.MI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MGIN.MI is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | MGIN.MI has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Relative Strength Index/RSI (14) | 49.49 | NEUTRAL | The RSI value for MGIN.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.64 | NEGATIVE | The MACD value suggests MGIN.MI has a negative trend. |
| Stochastics (14,3) | 19.09 | OVERSOLD | The low Stochastics value suggests MGIN.MI may be oversold. |
| Average Directional Index/ADX (14) | 37.84 | POSITIVE | The high ADX value value for MGIN.MI suggests a strong trend. |
BIT:MGIN (7/11/2025, 7:00:00 PM)
30.525
-0.14 (-0.46%)