MARYGOLD COMPANIES INC/THE (MGLD) Stock Technical Analysis
NYSEARCA:MGLD • US57403M1045
Overall MGLD gets a technical rating of 8 out of 10. Although MGLD is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- Both the short term and long term trends are positive. This is a very positive sign.
- MGLD is part of the Capital Markets industry. There are 238 other stocks in this industry. MGLD outperforms 78% of them.
- When compared to the yearly performance of all other stocks, MGLD outperforms 50% of them, which is more or less in line with the market.
- MGLD is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MGLD is lagging the market.
- In the last month MGLD has a been trading in the 0.88 - 1.38 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.
Besides having an excellent technical rating, MGLD also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
0.92
When analyzing the support we can see 3 important areas.
- A support zone ranging from 1.03 to 1.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1.00 to 1.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 0.93 to 0.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 1.14 to 1.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.20 from a horizontal line in the weekly time frame.
- Resistance @1.30 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 MGLD is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MGLD is up. |
| ChartMill Relative Strength | 50.89 | NEUTRAL | MGLD is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of MGLD is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MGLD is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MGLD is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.79 | NEUTRAL | The RSI value for MGLD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests MGLD has a negative trend. |
| Stochastics (14,3) | 37.11 | NEUTRAL | The Stochastics value for MGLD is a neutral value. |
| Average True Range in percent/ATR (20) | 16.88 | HIGH VOLATILITY | The high ATR as a percentage value for MGLD suggests high volalility. |
| Average Directional Index/ADX (14) | 43.9 | POSITIVE | The high ADX value value for MGLD suggests a strong trend. |
1.07
-0.07 (-6.14%)
MARYGOLD COMPANIES INC/THE / MGLD FAQ
What is the ChartMill technical rating of MARYGOLD COMPANIES INC/THE (MGLD) stock?
ChartMill assigns a technical rating of 8 / 10 to MGLD.
Can you provide the trend direction for MARYGOLD COMPANIES INC/THE?
The current trend direction for MARYGOLD COMPANIES INC/THE (MGLD) is Bullish.
Can you provide the RSI signal for MARYGOLD COMPANIES INC/THE?
MARYGOLD COMPANIES INC/THE (MGLD) has an RSI value of 49.7947. This indicates that the stock is currently neutral.
Can you provide the MACD signal for MARYGOLD COMPANIES INC/THE?
The MACD indicator for MARYGOLD COMPANIES INC/THE (MGLD) has a value of -0.00348415, indicating a bearish trend.
Can you provide the support and resistance levels for MARYGOLD COMPANIES INC/THE?
MARYGOLD COMPANIES INC/THE (MGLD) has a support level at 1.03 and a resistance level at 1.14. Check the full technical report for our detailed analysis of MGLD support and resistance levels.