VANGUARD MEGA CAP GROWTH ETF (MGK) Technical Analysis
NYSEARCA:MGK • US9219108167
Current stock price
MGK Technical Rating and Analysis
Overall MGK gets a technical rating of 4 out of 10. In the past year, MGK was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- MGK is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so MGK is lagging the market slightly.
- In the last month MGK has a been trading in the 351.61 - 393.65 range, which is quite wide. It is currently trading near the high of this range.
- When comparing the performance of all stocks over the past year, MGK turns out to be only a medium performer in the overall market: it outperformed 67% of all stocks.
MGK Weekly and Daily overview Charts
MGK Setup Rating and Analysis
MGK has an average technical rating and it also 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
MGK Support and Resistance Analysis
349.95
We found 1 important support area.
- A support zone ranging from 353.48 to 359.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 397.78 to 402.88. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 420.73 to 425.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
MGK 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 MGK is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MGK is up. |
| ChartMill Relative Strength | 67.85 | NEUTRAL | MGK is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of MGK is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of MGK is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.45 | NEUTRAL | The RSI value for MGK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 3.52 | POSITIVE | The MACD value suggests MGK has a positive trend. |
| Stochastics (14,3) | 96.21 | OVERBOUGHT | The high Stochastics value suggests MGK may be overbought. |
| Average True Range in percent/ATR (20) | 1.9 | LOW VOLATILITY | The low ATR as a percentage value for MGK suggests low volalility. |
| Average Directional Index/ADX (14) | 29.62 | POSITIVE | The high ADX value value for MGK suggests a strong trend. |
MGK Chart- and CandleStick Pattern Analysis
MGK Technicals: Chart, Performance Metrics, Trend & Indicators
393.4
+5.79 (+1.49%)
VANGUARD MEGA CAP GROWTH ETF / MGK TA FAQ
Can you provide the ChartMill technical rating for VANGUARD MEGA CAP GROWTH ETF?
ChartMill assigns a technical rating of 4 / 10 to MGK.
What is the trend direction for MGK stock?
The current trend direction for VANGUARD MEGA CAP GROWTH ETF (MGK) is Bearish.
What is the RSI signal for VANGUARD MEGA CAP GROWTH ETF (MGK) stock?
VANGUARD MEGA CAP GROWTH ETF (MGK) has an RSI value of 62.4526. This indicates that the stock is currently neutral.
What is the short term momentum for MGK stock?
The short term momentum for VANGUARD MEGA CAP GROWTH ETF (MGK) is positive.
Can you provide the support and resistance levels for VANGUARD MEGA CAP GROWTH ETF?
VANGUARD MEGA CAP GROWTH ETF (MGK) has a support level at 359.89 and a resistance level at 397.78. Check the full technical report for our detailed analysis of MGK support and resistance levels.