USA - NASDAQ:MGRX - US56270V2051 - Common Stock
We assign a technical rating of 5 out of 10 to MGRX. In the past year, MGRX was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
Although the technical rating is only medium, MGRX does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 2.34. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for MGRX in the last couple of days, which is a good sign.
1.47
3 important support areas can be observed.
When analyzing the resistance we notice 3 important areas.
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 MGRX is neutral. |
ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MGRX is up. |
ChartMill Relative Strength | 12.1 | NEGATIVE | MGRX has a low relative strength, it was outperformed by 87.9% off all stocks on the market. |
Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MGRX is above the rising SMA(20). |
Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MGRX is above the rising 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) | 62.82 | NEUTRAL | The RSI value for MGRX is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests MGRX has a positive trend, although the MACD value is declining. |
Stochastics (14,3) | 62.81 | NEUTRAL | The Stochastics value for MGRX is a neutral value. |
Average True Range in percent/ATR (20) | 10.13 | HIGH VOLATILITY | The high ATR as a percentage value for MGRX suggests high volalility. |
Average Directional Index/ADX (14) | 31.86 | POSITIVE | The high ADX value value for MGRX suggests a strong trend. |
NASDAQ:MGRX (9/12/2025, 8:00:01 PM)
2.27
+0.14 (+6.57%)