MANGOCEUTICALS INC (MGRX) Stock Technical Analysis
NASDAQ:MGRX - US56270V2051 - Common Stock
1.73 USD
+0.07 (+4.22%)
1.51 USD
-0.22 (-12.72%)
Taking everything into account, MGRX scores 0 out of 10 in our technical rating. MGRX scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
93% of all other stocks performed better in the past year than MGRX.
MGRX is part of the Consumer Staples Distribution & Retail industry. There are 40 other stocks in this industry, of which 89% are performing better than MGRX.
MGRX is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month MGRX has a been trading in the 1.42 - 1.95 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
MGRX has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 1.52, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for MGRX in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
1.45
1.89
2 important support areas can be observed.
- A support zone ranging from 1.49 to 1.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.46 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @1.75 from a trend line in the daily time frame.
- A resistance zone ranging from 1.87 to 1.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | DOWN | NEGATIVE | The long term trend for MGRX is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MGRX is neutral. |
| ChartMill Relative Strength | 7.4 | NEGATIVE | MGRX has a low relative strength, it was outperformed by 92.6% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of MGRX is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of MGRX is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MGRX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.47 | NEUTRAL | The RSI value for MGRX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests MGRX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 41.15 | NEUTRAL | The Stochastics value for MGRX is a neutral value. |
| Average True Range in percent/ATR (20) | 7.75 | HIGH VOLATILITY | The high ATR as a percentage value for MGRX suggests high volalility. |
| Average Directional Index/ADX (14) | 18.91 | NEGATIVE | The low ADX value for MGRX suggests a weak or negative 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)
1.73
+0.07 (+4.22%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryConsumer Staples Distribution & Retail
Performance
% Chg4.22%
1 Week5.49%
2 Weeks-6.99%
1 Month0%
3 Month2.37%
6 Month-60.05%
12 Month-58.05%
2 Year-90.7%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.15
ATR(20)%7.75%
ATR Inc33.1%
Range Today0.15
ADR(20)0.13
ADR(20)%7.63%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS7.4
Mansfield-4.09
10 Day High1.85
10 Day Low1.42
20 Day High1.95
20 Day Low1.42
52 Week High7.66
52 Week Low1.32
CS1 End1.52
CR1 Start1.75
Volume & EV
DER(3)23.86%
DER(5)14.12%
Volume107.30K
Volume Incr40.96%
Vol(5)114.68K
Vol(50)136.91K