MANGOCEUTICALS INC (MGRX) Stock Technical Analysis
NASDAQ:MGRX - Nasdaq - US56270V2051 - Common Stock - Currency: USD
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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, MGRX is a bad performer in the overall market: 96% of all stocks are doing better.
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 1.41 - 2.13 range, which is quite wide. It is currently trading near the lows of this range.
MGRX has a poor technical rating and the quality of the setup is also only medium 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
1.45
2.28
We found 1 important support area.
- A support zone ranging from 1.46 to 1.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- Resistance @1.65 from a horizontal line in the daily time frame.
- A resistance zone ranging from 1.74 to 1.76. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @2.26 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 | DOWN | NEGATIVE | The long term trend for MGRX is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MGRX is down. |
| ChartMill Relative Strength | 4.41 | NEGATIVE | MGRX has a low relative strength, it was outperformed by 95.59% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MGRX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MGRX is below 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) | 41.49 | NEUTRAL | The RSI value for MGRX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests MGRX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 19.93 | OVERSOLD | The low Stochastics value suggests MGRX may be oversold. |
| Average True Range in percent/ATR (20) | 12.05 | HIGH VOLATILITY | The high ATR as a percentage value for MGRX suggests high volalility. |
| Average Directional Index/ADX (14) | 20.42 | NEUTRAL | The ADX value for MGRX suggests a possible start of a new 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)
1.53
-0.12 (-7.27%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryConsumer Staples Distribution & Retail
Performance
% Chg-7.27%
1 Week2.68%
2 Weeks-15%
1 Month-23.69%
3 Month-2.24%
6 Month-42.7%
12 Month-72.43%
2 Year-90.97%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.17
ATR(20)%12.05%
ATR Inc31.74%
Range Today0.17
ADR(20)0.18
ADR(20)%11.59%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS4.41
Mansfield-5.4
10 Day High1.79
10 Day Low1.41
20 Day High2.13
20 Day Low1.41
52 Week High7.66
52 Week Low1.32
CS1 End1.47
CR1 Start1.65
Volume & EV
DER(3)-1.41%
DER(5)-4.19%
Volume203.30K
Volume Incr-12.55%
Vol(5)145.80K
Vol(50)179.98K