MEGAN HOLDINGS LTD-CL A (MGN) Technical Analysis
NASDAQ:MGN • KYG5980E1052
Overall MGN gets a technical rating of 7 out of 10. Although MGN is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- When comparing the yearly performance of all stocks, MGN is a bad performer in the overall market: 100% of all stocks are doing better.
- MGN is one of the lesser performing stocks in the Construction & Engineering industry. 83% of 55 stocks in the same industry do better.
- The long and short term trends are both positive. This is looking good!
- In the last month MGN has a been trading in the 1.00 - 3.18 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although MGN has an excellent technical rating, it does not present a decent entry opportunity 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
2.90
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 MGN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MGN is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | MGN has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MGN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MGN is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 68.58 | NEUTRAL | The RSI value for MGN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests MGN has a positive trend. |
| Stochastics (14,3) | 92.13 | OVERBOUGHT | The high Stochastics value suggests MGN may be overbought. |
| Average True Range in percent/ATR (20) | 11.8 | HIGH VOLATILITY | The high ATR as a percentage value for MGN suggests high volalility. |
| Average Directional Index/ADX (14) | 19.66 | NEGATIVE | The low ADX value for MGN suggests a weak or negative trend. |
MGN Technicals: Chart, Performance Metrics, Trend & Indicators
2.93
-0.06 (-2.01%)
MEGAN HOLDINGS LTD-CL A / MGN FAQ
What is the ChartMill technical rating of MEGAN HOLDINGS LTD-CL A (MGN) stock?
ChartMill assigns a technical rating of 7 / 10 to MGN.
What is the current trend direction of MEGAN HOLDINGS LTD-CL A (MGN) stock?
The current trend direction for MEGAN HOLDINGS LTD-CL A (MGN) is Bullish.
What is the RSI signal for MEGAN HOLDINGS LTD-CL A (MGN) stock?
MEGAN HOLDINGS LTD-CL A (MGN) has an RSI value of 68.5834. This indicates that the stock is currently neutral.
What is the MACD signal for MGN stock?
The MACD indicator for MEGAN HOLDINGS LTD-CL A (MGN) has a value of 0.122819, indicating a bearish trend.
Can you provide the short term momentum for MEGAN HOLDINGS LTD-CL A?
The short term momentum for MEGAN HOLDINGS LTD-CL A (MGN) is positive.