MONOGRAM TECHNOLOGIES INC (MGRM) Stock Technical Analysis
NASDAQ:MGRM - Nasdaq - US6097861081 - Common Stock - Currency: USD
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.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that MGRM is one of the better performing stocks in the market, outperforming 97% of all stocks.
MGRM is one of the better performing stocks in the Health Care Equipment & Supplies industry, it outperforms 97% of 187 stocks in the same industry.
MGRM is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so MGRM is performing more or less in line with the market.
In the last month MGRM has a been trading in the 2.88 - 6.02 range, which is quite wide. It is currently trading near the high of this range.
Considerably lower volume is observed in the last couple of days.
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
2.37
5.44
We found 4 important support areas.
- A support zone ranging from 5.35 to 5.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @3.33 from a trend line in the daily time frame.
- Support @2.85 from a horizontal line in the daily time frame.
- Support @2.39 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 | 97.23 | POSITIVE | MGRM has a high relative strength, it outperformed 97.23% 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) | 69.94 | NEUTRAL | The RSI value for MGRM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests MGRM has a negative trend. |
| Stochastics (14,3) | 42.85 | NEUTRAL | The Stochastics value for MGRM is a neutral value. |
| Average True Range in percent/ATR (20) | 5.47 | HIGH VOLATILITY | The high ATR as a percentage value for MGRM suggests high volalility. |
| Average Directional Index/ADX (14) | 55.31 | 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)
5.39
+0.03 (+0.56%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg0.56%
1 Week-5.11%
2 Weeks-4.94%
1 Month85.86%
3 Month86.51%
6 Month96.72%
12 Month128.39%
2 Year18.2%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.15
ATR(20)%5.47%
ATR Inc-8.85%
Range Today0.19
ADR(20)0.2
ADR(20)%3.68%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.23
Mansfield8.23
10 Day High5.76
10 Day Low5.23
20 Day High6.02
20 Day Low2.88
52 Week High6.02
52 Week Low1.92
CS1 End5.38
CR1 StartN/A
Volume & EV
DER(3)-6.28%
DER(5)-2.24%
Volume231.10K
Volume Incr-70.74%
Vol(5)266.14K
Vol(50)419.15K