VANGUARD MEGA CAP GROWTH ETF (MGK) Stock Technical Analysis
NYSEARCA:MGK - NYSE Arca - US9219108167 - ETF - Currency: USD
Overall MGK gets a technical rating of 10 out of 10. 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.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, MGK did better than 81% of all other stocks. We also observe that the gains produced by MGK over the past year are nicely spread over this period.
MGK is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so MGK is performing more or less in line with the market.
In the last month MGK has a been trading in the 364.63 - 387.43 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although MGK has an excellent technical rating, it does not offer a high quality setup 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.
More info and screens
288.01
384.98
3 important support areas can be observed.
- A support zone ranging from 371.83 to 371.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 357.75 to 365.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @290.92 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 374.11 to 381.17. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 81.21 | POSITIVE | MGK has a high relative strength, it outperformed 81.21% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of MGK is below 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) | 52.04 | NEUTRAL | The RSI value for MGK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.86 | NEGATIVE | The MACD value suggests MGK has a negative trend. |
| Stochastics (14,3) | 54.66 | NEUTRAL | The Stochastics value for MGK is a neutral value. |
| Average True Range in percent/ATR (20) | 1.02 | LOW VOLATILITY | The low ATR as a percentage value for MGK suggests low volalility. |
| Average Directional Index/ADX (14) | 29.57 | POSITIVE | The high ADX value value for MGK 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)
371.84
-8.71 (-2.29%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-2.29%
1 Week-2.02%
2 Weeks-0.74%
1 Month0.75%
3 Month14.45%
6 Month6.8%
12 Month25.69%
2 Year54.1%
3 Year90.46%
5 Year89.66%
10 Year363.35%
15 Year859.84%
Volatility
ATR(14)4.03
ATR(20)%1.02%
ATR Inc179.33%
Range Today5.82
ADR(20)3.34
ADR(20)%0.9%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS81.21
Mansfield0.43
10 Day High387.43
10 Day Low370.43
20 Day High387.43
20 Day Low364.63
52 Week High387.43
52 Week Low262.65
CS1 End371.83
CR1 Start374.11
Volume & EV
DER(3)-1.35%
DER(5)-1.79%
Volume621.80K
Volume Incr40.36%
Vol(5)404.28K
Vol(50)321.57K