MONOGRAM TECHNOLOGIES INC (MGRM) Technical Analysis
NASDAQ:MGRM • US6097861081
Current stock price
MGRM Technical Rating and Analysis
Taking everything into account, MGRM scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, MGRM has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, MGRM did better than 97% of all other stocks. We also observe that the gains produced by MGRM over the past year are nicely spread over this period.
- MGRM is part of the Health Care Equipment & Supplies industry. There are 188 other stocks in this industry. MGRM outperforms 98% of them.
- MGRM is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month MGRM has a been trading in the 5.67 - 6.42 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.
MGRM Weekly and Daily overview Charts
MGRM Setup Rating and Analysis
Although MGRM has an excellent technical rating, it does not offer a high 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
MGRM Support and Resistance Analysis
5.23
We found 1 important support area.
- A support zone ranging from 5.28 to 5.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 6.12 to 6.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
MGRM 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 MGRM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MGRM is up. |
| ChartMill Relative Strength | 97.04 | POSITIVE | MGRM has a high relative strength, it outperformed 97.04% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MGRM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MGRM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MGRM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.61 | NEUTRAL | The RSI value for MGRM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests MGRM has a negative trend. |
| Stochastics (14,3) | 74.89 | NEUTRAL | The Stochastics value for MGRM is a neutral value. |
| Average True Range in percent/ATR (20) | 2.5 | MEDIUM VOLATILITY | The ATR as a percentage value for MGRM suggests some volalility. |
| Average Directional Index/ADX (14) | 37.36 | POSITIVE | The high ADX value value for MGRM suggests a strong trend. |
MGRM Chart- and CandleStick Pattern Analysis
MGRM Technicals: Chart, Performance Metrics, Trend & Indicators
6
-0.11 (-1.8%)
MONOGRAM TECHNOLOGIES INC / MGRM TA FAQ
What is the ChartMill technical rating of MONOGRAM TECHNOLOGIES INC (MGRM) stock?
ChartMill assigns a technical rating of 10 / 10 to MGRM.
Can you provide the trend direction for MONOGRAM TECHNOLOGIES INC?
The current trend direction for MONOGRAM TECHNOLOGIES INC (MGRM) is Bullish.
What is the RSI signal for MONOGRAM TECHNOLOGIES INC (MGRM) stock?
MONOGRAM TECHNOLOGIES INC (MGRM) has an RSI value of 62.6098. This indicates that the stock is currently neutral.
Can you provide the short term momentum for MONOGRAM TECHNOLOGIES INC?
The short term momentum for MONOGRAM TECHNOLOGIES INC (MGRM) is positive.
What is the buy/sell signal for MONOGRAM TECHNOLOGIES INC (MGRM) stock?
The buy/sell signal for MONOGRAM TECHNOLOGIES INC (MGRM) is buy as both the short term and long term trends are positive.