MEGA FORTUNE CO LTD (MGRT) Stock Technical Analysis
NASDAQ:MGRT • KYG6005A1022
We assign a technical rating of 4 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 87 other stocks in this industry, of which 90% are performing better than MGRT.
- In the last month MGRT has a been trading in the 4.80 - 17.51 range, which is quite wide. It is currently trading near the lows of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
MGRT has an average technical rating and it also 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
4.47
2 important support areas can be observed.
- Support @4.87 from a trend line in the daily time frame.
- Support @4.52 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 | NEUTRAL | NEUTRAL | The long term trend for MGRT is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MGRT is neutral. |
| 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) | 53.2 | NEUTRAL | The RSI value for MGRT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.37 | POSITIVE | The MACD value suggests MGRT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 44.5 | NEUTRAL | The Stochastics value for MGRT is a neutral value. |
| Average True Range in percent/ATR (20) | 18.18 | HIGH VOLATILITY | The high ATR as a percentage value for MGRT suggests high volalility. |
| Average Directional Index/ADX (14) | 37.87 | POSITIVE | The high ADX value value for MGRT suggests a strong trend. |
7.47
-4.87 (-39.47%)
MEGA FORTUNE CO LTD / MGRT FAQ
What is the technical rating for MGRT stock?
ChartMill assigns a technical rating of 4 / 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 Bearish.
What is the RSI signal for MEGA FORTUNE CO LTD (MGRT) stock?
MEGA FORTUNE CO LTD (MGRT) has an RSI value of 53.2018. 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 0.373873, 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 neutral.