MEGA FORTUNE CO LTD (MGRT) Technical Analysis
NASDAQ:MGRT • KYG6005A1022
Current stock price
MGRT Technical Rating and Analysis
We assign a technical rating of 6 out of 10 to MGRT. In the last year, MGRT was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
- 100% of all other stocks performed better in the past year than MGRT.
- MGRT is part of the IT Services industry. There are 88 other stocks in this industry, of which 88% are performing better than MGRT.
- In the last month MGRT has a been trading in the 6.30 - 9.20 range, which is quite wide. It is currently trading near the lows of this range.
- Both the short term and long term trends are positive. This is a very positive sign.
- Considerably lower volume is observed in the last couple of days.
MGRT Weekly and Daily overview Charts
MGRT Setup Rating and Analysis
MGRT has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
MGRT Support and Resistance Analysis
5.36
We found 2 important support areas.
- Support @5.69 from a trend line in the weekly time frame.
- Support @5.41 from a trend line in the daily time frame.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 6.99 to 7.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 7.45 to 7.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @8.35 from a trend line in the weekly time frame.
- A resistance zone ranging from 8.98 to 9.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @11.78 from a trend line in the daily time frame.
MGRT 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 MGRT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MGRT is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | MGRT has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of MGRT is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of MGRT is below the rising SMA(50). |
| Relative Strength Index/RSI (14) | 54.45 | NEUTRAL | The RSI value for MGRT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests MGRT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 41.74 | NEUTRAL | The Stochastics value for MGRT is a neutral value. |
| Average True Range in percent/ATR (20) | 8.89 | HIGH VOLATILITY | The high ATR as a percentage value for MGRT suggests high volalility. |
| Average Directional Index/ADX (14) | 40.52 | POSITIVE | The high ADX value value for MGRT suggests a strong trend. |
MGRT Chart- and CandleStick Pattern Analysis
MGRT Technicals: Chart, Performance Metrics, Trend & Indicators
NASDAQ:MGRT (3/30/2026, 12:05:51 PM)
6.45
-1.65 (-20.37%)
MEGA FORTUNE CO LTD / MGRT TA FAQ
What is the technical rating for MGRT stock?
ChartMill assigns a technical rating of 7 / 10 to MGRT.
Can you provide the trend direction for MEGA FORTUNE CO LTD?
The current trend direction for MEGA FORTUNE CO LTD (MGRT) is Bullish.
What is the RSI signal for MEGA FORTUNE CO LTD (MGRT) stock?
MEGA FORTUNE CO LTD (MGRT) has an RSI value of 54.4542. This indicates that the stock is currently neutral.
What is the MACD signal for MGRT stock?
The MACD indicator for MEGA FORTUNE CO LTD (MGRT) has a value of -0.0708496, indicating a bearish trend.
What is the short term momentum for MEGA FORTUNE CO LTD (MGRT) stock?
The short term momentum for MEGA FORTUNE CO LTD (MGRT) is positive.