MEGAN HOLDINGS LTD-CL A (MGN) Technical Analysis
NASDAQ:MGN • KYG5980E1052
Current stock price
MGN Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to MGN. MGN's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 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 part of the Construction & Engineering industry. There are 56 other stocks in this industry, of which 83% are performing better than MGN.
- In the last month MGN has a been trading in the 0.13 - 5.18 range, which is quite wide. It is currently trading near the lows of this range.
- MGN has an average volume of 11831500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Volume is considerably higher in the last couple of days.
MGN Weekly and Daily overview Charts
MGN Setup Rating and Analysis
The technical rating of MGN is bad and it also does not present a 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
MGN Support and Resistance Analysis
MGN 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 | DOWN | NEGATIVE | The long term trend for MGN is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MGN is down. |
| 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) | DOWN | NEGATIVE | The current price of MGN is below a declining SMA(50). |
| Relative Strength Index/RSI (14) | 31.35 | NEUTRAL | The RSI value for MGN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.37 | NEGATIVE | The MACD value suggests MGN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 1.12 | OVERSOLD | The low Stochastics value suggests MGN may be oversold. |
| Average True Range in percent/ATR (20) | 240.5 | HIGH VOLATILITY | The high ATR as a percentage value for MGN suggests high volalility. |
| Average Directional Index/ADX (14) | 34.2 | POSITIVE | The high ADX value value for MGN suggests a strong trend. |
MGN Chart- and CandleStick Pattern Analysis
MGN Technicals: Chart, Performance Metrics, Trend & Indicators
0.235
+0.06 (+38.07%)
MEGAN HOLDINGS LTD-CL A / MGN TA FAQ
What is the ChartMill technical rating of MEGAN HOLDINGS LTD-CL A (MGN) stock?
ChartMill assigns a technical rating of 0 / 10 to MGN.
What is the trend direction for MGN stock?
The current trend direction for MEGAN HOLDINGS LTD-CL A (MGN) is Bearish.
Can you provide the RSI signal for MEGAN HOLDINGS LTD-CL A?
MEGAN HOLDINGS LTD-CL A (MGN) has an RSI value of 31.3462. This indicates that the stock is currently neutral.
Can you provide the MACD signal for MEGAN HOLDINGS LTD-CL A?
The MACD indicator for MEGAN HOLDINGS LTD-CL A (MGN) has a value of -0.371216, indicating a bearish trend.