MANGOCEUTICALS INC (MGRX) Stock Technical Analysis
USA - NASDAQ:MGRX - US56270V2051 - Common Stock
2.27 USD
+0.08 (+3.65%)
2.2 USD
-0.07 (-3.08%)
Overall MGRX gets a technical rating of 6 out of 10. In the last year, MGRX was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
MGRX is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month MGRX has a been trading in the 2.00 - 2.66 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
When comparing the performance of all stocks over the past year, MGRX turns out to be only a medium performer in the overall market: it outperformed 67% of all stocks.
MGRX is an average performer in the Consumer Staples Distribution & Retail industry, it outperforms 63% of 39 stocks in the same industry.
Volume is considerably higher in the last couple of days.
MGRX has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 2.15, 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. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
1.49
4.22
We found 3 important support areas.
- A support zone ranging from 2.08 to 2.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.62 from a trend line in the daily time frame.
- Support @1.50 from a trend line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 2.37 to 2.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 2.57 to 2.58. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @4.18 from a trend line in the weekly 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 MGRX is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MGRX is neutral. |
| ChartMill Relative Strength | 67.97 | NEUTRAL | MGRX is not amongst the best or worst performers 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) | 54.2 | NEUTRAL | The RSI value for MGRX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests MGRX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 28.78 | NEUTRAL | The Stochastics value for MGRX is a neutral value. |
| Average True Range in percent/ATR (20) | 10.3 | HIGH VOLATILITY | The high ATR as a percentage value for MGRX suggests high volalility. |
| Average Directional Index/ADX (14) | 35.17 | POSITIVE | The high ADX value value for MGRX suggests a strong 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 2.40 | 2.07 | 0.33 (13.75%) | 7.27% |
| An entry @2.40. This is a Buy Stop order right above the resistance zone. | An exit @2.07. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.33 points, which is 13.75%. | For a 1.00% total portfolio risk, you can invest 7.27% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of MGRX. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
2.27
+0.08 (+3.65%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryConsumer Staples Distribution & Retail
Performance
% Chg3.65%
1 Week5.09%
2 Weeks0.89%
1 Month2.71%
3 Month52.35%
6 Month23.37%
12 Month-30.93%
2 Year-75.98%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.25
ATR(20)%10.3%
ATR Inc9.73%
Range Today0.28
ADR(20)0.23
ADR(20)%10.2%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS67.97
Mansfield-1.86
10 Day High2.66
10 Day Low2
20 Day High2.66
20 Day Low2
52 Week High6.15
52 Week Low1.32
CS1 End2.15
CR1 Start2.37
Volume & EV
DER(3)14.98%
DER(5)12.04%
Volume265.40K
Volume Incr24.01%
Vol(5)204.88K
Vol(50)151.31K