Taking everything into account, MGN scores 3 out of 10 in our technical rating. MGN performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
- 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. 79% of 55 stocks in the same industry do better.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- In the last month MGN has a been trading in the 1.40 - 2.24 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
MGN has a poor technical rating and the quality of the setup is also only medium at the moment. Prices have been consolidating lately.
More info and screens
1.49
When analyzing the support we can see 2 important areas.
- A support zone ranging from 1.65 to 1.65. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- A support zone ranging from 1.50 to 1.51. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 1.74 to 1.75. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @2.05 from a trend 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 MGN is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MGN is neutral. |
| 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) | DOWN | NEGATIVE | The current price of MGN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of MGN is below the rising SMA(50). |
| Relative Strength Index/RSI (14) | 47.15 | NEUTRAL | The RSI value for MGN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests MGN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 44.25 | NEUTRAL | The Stochastics value for MGN is a neutral value. |
| Average True Range in percent/ATR (20) | 11.82 | HIGH VOLATILITY | The high ATR as a percentage value for MGN suggests high volalility. |
| Average Directional Index/ADX (14) | 21.77 | NEUTRAL | The ADX value for MGN suggests a possible start of a new trend. |
NASDAQ:MGN (1/16/2026, 8:00:01 PM)
1.73
-0.02 (-0.86%)
MEGAN HOLDINGS LTD / MGN FAQ
What is the ChartMill technical rating of MEGAN HOLDINGS LTD (MGN) stock?
ChartMill assigns a technical rating of 3 / 10 to MGN.
What is the current trend direction of MEGAN HOLDINGS LTD (MGN) stock?
The current trend direction for MEGAN HOLDINGS LTD (MGN) is Bullish.
What is the RSI signal for MEGAN HOLDINGS LTD (MGN) stock?
MEGAN HOLDINGS LTD (MGN) has an RSI value of 47.1482. This indicates that the stock is currently neutral.
What is the MACD signal for MGN stock?
The MACD indicator for MEGAN HOLDINGS LTD (MGN) has a value of 0.0164125, indicating a bearish trend.
Can you provide the short term momentum for MEGAN HOLDINGS LTD?
The short term momentum for MEGAN HOLDINGS LTD (MGN) is neutral.