VANGUARD MEGA CAP GROWTH ETF (MGK) Stock Technical Analysis
NYSEARCA:MGK - US9219108167 - ETF
We assign a technical rating of 10 out of 10 to MGK. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MGK is showing a nice and steady performance.
Besides having an excellent technical rating, MGK also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 388.15. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 385.24, a Stop Loss order could be placed below this zone.
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279.39
When analyzing the support we can see 3 important areas.
- A support zone ranging from 371.83 to 385.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @294.77 from a trend line in the weekly time frame.
- Support @282.21 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 388.15 to 389.52. 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 | UP | POSITIVE | The long term trend for MGK is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MGK is up. |
| ChartMill Relative Strength | 78.17 | POSITIVE | MGK has a high relative strength, it outperformed 78.17% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MGK is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MGK is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MGK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.79 | NEUTRAL | The RSI value for MGK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.42 | NEGATIVE | The MACD value suggests MGK has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 74.23 | NEUTRAL | The Stochastics value for MGK is a neutral value. |
| Average True Range in percent/ATR (20) | 1.19 | LOW VOLATILITY | The low ATR as a percentage value for MGK suggests low volalility. |
| Average Directional Index/ADX (14) | 19.07 | NEGATIVE | The low ADX value for MGK suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 389.53 | 376.28 | 13.25 (3.40%) | 25.00% |
| An entry @389.53. This is a Buy Stop order right above the resistance zone. | An exit @376.28. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 13.25 points, which is 3.40%. | For a 0.85% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
386.97
-1.02 (-0.26%)