MGO GLOBAL INC (MGOL) Technical Analysis
NASDAQ:MGOL • US55317F2074
Current stock price
MGOL Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to MGOL. 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 short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- When comparing the yearly performance of all stocks, MGOL is a bad performer in the overall market: 100% of all stocks are doing better.
- MGOL is part of the Textiles, Apparel & Luxury Goods industry. There are 45 other stocks in this industry, of which 97% are performing better than MGOL.
- MGOL is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so MGOL is lagging the market.
- 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.
MGOL Weekly and Daily overview Charts
MGOL Setup Rating and Analysis
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
MGOL Support and Resistance Analysis
0.36
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.
When analyzing the resistance we notice 2 important areas.
- Resistance @0.65 from a trend line in the daily time frame.
- Resistance @0.72 from a trend line in the daily time frame.
MGOL 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 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. |
MGOL Chart- and CandleStick Pattern Analysis
MGOL Technicals: Chart, Performance Metrics, Trend & Indicators
0.37
-0.1 (-20.43%)
MGO GLOBAL INC / MGOL TA FAQ
Can you provide the ChartMill technical rating for MGO GLOBAL INC?
ChartMill assigns a technical rating of 0 / 10 to MGOL.
Can you provide the trend direction for MGO GLOBAL INC?
The current trend direction for MGO GLOBAL INC (MGOL) is Bearish.
What is the RSI signal for MGOL stock?
MGO GLOBAL INC (MGOL) has an RSI value of 44.414. This indicates that the stock is currently neutral.
What is the short term momentum for MGOL stock?
The short term momentum for MGO GLOBAL INC (MGOL) is neutral.
What is the support and resistance level for MGOL stock?
MGO GLOBAL INC (MGOL) has a support level at 0.36 and a resistance level at 0.65. Check the full technical report for our detailed analysis of MGOL support and resistance levels.