MEGA FORTUNE CO LTD (MGRT) Technical Analysis
NASDAQ:MGRT • KYG6005A1022
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.
- 100% of all other stocks performed better in the past year than MGRT.
- MGRT is part of the IT Services industry. There are 87 other stocks in this industry, of which 89% are performing better than MGRT.
- In the last month MGRT has a been trading in the 5.74 - 17.51 range, which is quite wide. It is currently trading near the lows of this range.
- 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.
- The long and short term trends are both positive. This is looking good!
Although MGRT 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
5.15
When analyzing the support we can see 3 important areas.
- Support @7.64 from a trend line in the daily time frame.
- Support @5.57 from a trend line in the weekly time frame.
- Support @5.20 from a trend line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 8.58 to 8.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @11.98 from a trend 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 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) | 59.98 | NEUTRAL | The RSI value for MGRT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.17 | POSITIVE | The MACD value suggests MGRT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 85.4 | OVERBOUGHT | The high Stochastics value suggests MGRT may be overbought. |
| Average True Range in percent/ATR (20) | 17.65 | HIGH VOLATILITY | The high ATR as a percentage value for MGRT suggests high volalility. |
| Average Directional Index/ADX (14) | 59.36 | POSITIVE | The high ADX value value for MGRT suggests a strong trend. |
MGRT Technicals: Chart, Performance Metrics, Trend & Indicators
NASDAQ:MGRT (3/13/2026, 1:27:44 PM)
8.26
-0.33 (-3.84%)
MEGA FORTUNE CO LTD / MGRT 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 59.983. 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 0.17255, 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.