Taking everything into account, MGRT scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, MGRT is a bad performer.
Although MGRT 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.
More info and screens
4.47
We found 2 important support areas.
- Support @4.73 from a trend line in the daily time frame.
- A support zone ranging from 4.52 to 4.56. This zone is formed by a combination of multiple trend lines 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 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 | POSITIVE | The current price of MGRT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MGRT is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 55.21 | NEUTRAL | The RSI value for MGRT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.51 | POSITIVE | The MACD value suggests MGRT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 52.84 | NEUTRAL | The Stochastics value for MGRT is a neutral value. |
| Average True Range in percent/ATR (20) | 22.83 | HIGH VOLATILITY | The high ATR as a percentage value for MGRT suggests high volalility. |
| Average Directional Index/ADX (14) | 37.34 | POSITIVE | The high ADX value value for MGRT suggests a strong trend. |
8.96
-3.48 (-27.97%)
MEGA FORTUNE CO LTD / MGRT FAQ
What is the technical rating for MGRT stock?
ChartMill assigns a technical rating of 7 / 10 to MGRT.
What is the current trend direction of MEGA FORTUNE CO LTD (MGRT) stock?
The current trend direction for MEGA FORTUNE CO LTD (MGRT) is Bullish.
Can you provide the RSI signal for MEGA FORTUNE CO LTD?
MEGA FORTUNE CO LTD (MGRT) has an RSI value of 55.2112. This indicates that the stock is currently neutral.
What is the buy/sell signal for MGRT stock?
The buy/sell signal for MEGA FORTUNE CO LTD (MGRT) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for MEGA FORTUNE CO LTD?
MEGA FORTUNE CO LTD (MGRT) has a support level at 4.73. Check the full technical report for our detailed analysis of MGRT support and resistance levels.