MONOGRAM TECHNOLOGIES INC (MGRM) Stock Technical Analysis
NASDAQ:MGRM - US6097861081 - Common Stock
5.8 USD
+0.02 (+0.35%)
5.8 USD
0 (0%)
Taking everything into account, MGRM scores 9 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.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
Both the short term and long term trends are positive. This is a very positive sign.
MGRM is one of the better performing stocks in the Health Care Equipment & Supplies industry, it outperforms 98% of 190 stocks in the same industry.
MGRM is currently trading near its 52 week high, which is a good sign. 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 5.27 - 5.80 range, which is quite wide. It is currently trading near the high of this range.
Looking at the yearly performance, MGRM did better than 97% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although MGRM has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
2.37
5.98
3 important support areas can be observed.
- A support zone ranging from 5.28 to 5.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.85 from a horizontal line in the daily time frame.
- Support @2.39 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @5.92 from a horizontal 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 | 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 | 97.51 | POSITIVE | MGRM has a high relative strength, it outperformed 97.51% 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) | 74.12 | OVERBOUGHT | The high RSI value suggests MGRM may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests MGRM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 94.94 | OVERBOUGHT | The high Stochastics value suggests MGRM may be overbought. |
| Average True Range in percent/ATR (20) | 2.1 | MEDIUM VOLATILITY | The ATR as a percentage value for MGRM suggests some volalility. |
| Average Directional Index/ADX (14) | 38.2 | POSITIVE | The high ADX value value for MGRM 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)
5.8
+0.02 (+0.35%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg0.35%
1 Week6.42%
2 Weeks8.82%
1 Month7.61%
3 Month140.66%
6 Month148.93%
12 Month110.91%
2 Year27.19%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.13
ATR(20)%2.1%
ATR Inc-4.14%
Range Today0.07
ADR(20)0.12
ADR(20)%2.07%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.51
Mansfield7.94
10 Day High5.8
10 Day Low5.27
20 Day High5.8
20 Day Low5.27
52 Week High6.02
52 Week Low1.92
CS1 End5.36
CR1 Start5.92
Volume & EV
DER(3)0.04%
DER(5)2%
Volume43.80K
Volume Incr-54.08%
Vol(5)80.40K
Vol(50)446.40K