Overall MGRM gets a technical rating of 10 out of 10. 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.
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
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.
When analyzing the resistance we notice one important 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
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.
Can you provide the RSI signal for MONOGRAM TECHNOLOGIES INC?
MONOGRAM TECHNOLOGIES INC (MGRM) has an RSI value of 62.6098. This indicates that the stock is currently neutral.
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.
What are the support and resistance levels for MONOGRAM TECHNOLOGIES INC (MGRM) stock?
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.