MARYGOLD COMPANIES INC/THE (MGLD) Technical Analysis
NYSEARCA:MGLD • US57403M1045
Current stock price
MGLD Technical Rating and Analysis
We assign a technical rating of 7 out of 10 to MGLD. MGLD has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
- Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
- Looking at the yearly performance, MGLD did better than 88% of all other stocks.
- MGLD is part of the Capital Markets industry. There are 242 other stocks in this industry. MGLD outperforms 92% of them.
- In the last month MGLD has a been trading in the 0.91 - 1.33 range, which is quite wide. It is currently trading near the high of this range.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- MGLD is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MGLD is lagging the market slightly.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
MGLD Weekly and Daily overview Charts
MGLD Setup Rating and Analysis
Although MGLD has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
MGLD Support and Resistance Analysis
0.89
We found 3 important support areas.
- A support zone ranging from 1.05 to 1.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.95 from a trend line in the weekly time frame.
- Support @0.90 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 1.29 to 1.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
MGLD 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 MGLD is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MGLD is neutral. |
| ChartMill Relative Strength | 88.26 | POSITIVE | MGLD has a high relative strength, it outperformed 88.26% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MGLD is above 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) | 63.41 | NEUTRAL | The RSI value for MGLD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests MGLD has a positive trend. |
| Stochastics (14,3) | 51.25 | NEUTRAL | The Stochastics value for MGLD is a neutral value. |
| Average True Range in percent/ATR (20) | 6.86 | HIGH VOLATILITY | The high ATR as a percentage value for MGLD suggests high volalility. |
| Average Directional Index/ADX (14) | 24.87 | NEUTRAL | The ADX value for MGLD suggests a possible start of a new trend. |
MGLD Chart- and CandleStick Pattern Analysis
MGLD Technicals: Chart, Performance Metrics, Trend & Indicators
1.28
+0.29 (+29.57%)
MARYGOLD COMPANIES INC/THE / MGLD TA FAQ
What is the ChartMill technical rating of MARYGOLD COMPANIES INC/THE (MGLD) stock?
ChartMill assigns a technical rating of 7 / 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 Bearish.
Can you provide the RSI signal for MARYGOLD COMPANIES INC/THE?
MARYGOLD COMPANIES INC/THE (MGLD) has an RSI value of 63.4081. 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 0.0066164, 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 1.07 and a resistance level at 1.29. Check the full technical report for our detailed analysis of MGLD support and resistance levels.