MEGAN HOLDINGS LTD-CL A (MGN) Technical Analysis
NASDAQ:MGN • KYG5980E1052
Current stock price
MGN Technical Rating and Analysis
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.
- 100% of all other stocks performed better in the past year than MGN.
- MGN is part of the Construction & Engineering industry. There are 56 other stocks in this industry, of which 81% are performing better than MGN.
- 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 - 3.29 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.
MGN Weekly and Daily overview Charts
MGN Setup Rating and Analysis
MGN has an excellent technical rating, but the quality of the setup is only medium 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
3.05
We found 1 important support area.
- Support @3.08 from a trend line in the daily time frame.
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 | 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) | 68.21 | NEUTRAL | The RSI value for MGN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests MGN has a positive trend. |
| Stochastics (14,3) | 93.75 | OVERBOUGHT | The high Stochastics value suggests MGN may be overbought. |
| Average True Range in percent/ATR (20) | 12.81 | HIGH VOLATILITY | The high ATR as a percentage value for MGN suggests high volalility. |
| Average Directional Index/ADX (14) | 19.17 | NEGATIVE | The low ADX value for MGN suggests a weak or negative trend. |
MGN Chart- and CandleStick Pattern Analysis
MGN Technicals: Chart, Performance Metrics, Trend & Indicators
3.26
+0.3 (+10.14%)
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 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 68.2061. 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 0.0788843, 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.