MGO GLOBAL INC (MGOL) Stock Technical Analysis
NASDAQ:MGOL - Nasdaq - US55317F2074 - Common Stock - Currency: USD
Overall MGOL gets a technical rating of 0 out of 10. MGOL'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.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
100% of all other stocks performed better in the past year than MGOL.
MGOL is part of the Textiles, Apparel & Luxury Goods industry. There are 50 other stocks in this industry, of which 93% are performing better than MGOL.
MGOL is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month MGOL has a been trading in the 0.10 - 1.26 range, which is quite wide. It is currently trading near the lows of this range.
MGOL has an average volume of 79031100 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.
The technical rating of MGOL 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
0.36
0.73
When analyzing the support we notice one important area.
- A support zone ranging from 0.36 to 0.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
2 important resistance areas can be observed.
- Resistance @0.65 from a trend line in the daily time frame.
- Resistance @0.72 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 | DOWN | NEGATIVE | The long term trend for MGOL is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MGOL is neutral. |
| ChartMill Relative Strength | 0.5 | NEGATIVE | MGOL has a low relative strength, it was outperformed by 99.5% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of MGOL is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MGOL is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MGOL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 44.41 | NEUTRAL | The RSI value for MGOL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests MGOL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 35.72 | NEUTRAL | The Stochastics value for MGOL is a neutral value. |
| Average True Range in percent/ATR (20) | 46.72 | HIGH VOLATILITY | The high ATR as a percentage value for MGOL suggests high volalility. |
| Average Directional Index/ADX (14) | 35.49 | POSITIVE | The high ADX value value for MGOL suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
0.37
-0.1 (-20.43%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryTextiles, Apparel & Luxury Goods
Performance
% Chg-20.43%
1 Week-38.13%
2 Weeks164.29%
1 Month-31.61%
3 Month-84.26%
6 Month-90.63%
12 Month-90.39%
2 Year-98.02%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.21
ATR(20)%46.72%
ATR Inc21.01%
Range Today0.13
ADR(20)0.13
ADR(20)%35.51%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0.5
Mansfield-8.86
10 Day High1.26
10 Day Low0.12
20 Day High1.26
20 Day Low0.1
52 Week High18.3
52 Week Low0.1
CS1 End0.36
CR1 Start0.65
Volume & EV
DER(3)-3.8%
DER(5)-3.22%
Volume111.38M
Volume Incr139.83%
Vol(5)287.75M
Vol(50)79.03M