MGT CAPITAL INVTS INC (MGT) Technical Analysis
NYSEARCA:MGT • US55302P2020
Current stock price
MGT Technical Rating and Analysis
Overall MGT gets a technical rating of 4 out of 10. Although MGT is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- MGT has an average volume of 2878220 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- Looking at the yearly performance, MGT did better than 99% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
- MGT is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MGT is lagging the market slightly.
- In the last month MGT has a been trading in the 1.41 - 2.84 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
MGT Weekly and Daily overview Charts
MGT Setup Rating and Analysis
MGT has an average technical rating and also the quality of the setup is 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
MGT Support and Resistance Analysis
2.06
We found 1 important support area.
- A support zone ranging from 2.08 to 2.13. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
2 important resistance areas can be observed.
- Resistance @2.51 from a horizontal line in the daily time frame.
- Resistance @3.72 from a trend line in the daily time frame.
MGT Technical Indicator Signal Analysis
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 MGT is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MGT is neutral. |
| ChartMill Relative Strength | 99.55 | POSITIVE | MGT has a high relative strength, it outperformed 99.55% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MGT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MGT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MGT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.09 | NEUTRAL | The RSI value for MGT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests MGT has a positive trend. |
| Stochastics (14,3) | 64.57 | NEUTRAL | The Stochastics value for MGT is a neutral value. |
| Average True Range in percent/ATR (20) | 11.8 | HIGH VOLATILITY | The high ATR as a percentage value for MGT suggests high volalility. |
MGT Chart- and CandleStick Pattern Analysis
MGT Technicals: Chart, Performance Metrics, Trend & Indicators
NYSEARCA:MGT (10/19/2016, 8:04:09 PM)
2.36
+0.03 (+1.29%)
MGT CAPITAL INVTS INC / MGT TA FAQ
Can you provide the ChartMill technical rating for MGT CAPITAL INVTS INC?
ChartMill assigns a technical rating of 3 / 10 to MGT.
What is the current trend direction of MGT CAPITAL INVTS INC (MGT) stock?
The current trend direction for MGT CAPITAL INVTS INC (MGT) is Bearish.
What is the RSI signal for MGT stock?
MGT CAPITAL INVTS INC (MGT) has an RSI value of 50.0937. This indicates that the stock is currently neutral.
What is the support and resistance level for MGT stock?
MGT CAPITAL INVTS INC (MGT) has a support level at 2.13 and a resistance level at 2.51. Check the full technical report for our detailed analysis of MGT support and resistance levels.