Overall MGRM gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MGRM is showing a nice and steady performance.
Although MGRM has an excellent technical rating, it does not present a decent entry opportunity 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.
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5.23
When analyzing the support we notice one important 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.
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. |
6
-0.11 (-1.8%)
MONOGRAM TECHNOLOGIES INC / MGRM FAQ
Can you provide the ChartMill technical rating for MONOGRAM TECHNOLOGIES INC?
ChartMill assigns a technical rating of 10 / 10 to MGRM.
What is the current trend direction of MONOGRAM TECHNOLOGIES INC (MGRM) stock?
The current trend direction for MONOGRAM TECHNOLOGIES INC (MGRM) is Bullish.
What is the RSI signal for 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.
Can you provide the support and resistance levels for MONOGRAM TECHNOLOGIES INC?
MONOGRAM TECHNOLOGIES INC (MGRM) has a support level at 5.4 and a resistance level at 6.12. Check the full technical report for our detailed analysis of MGRM support and resistance levels.