MGT CAPITAL INVTS INC (MGT) Stock Technical Analysis
USA - NYSEARCA:MGT - US55302P2020
2.36
+0.03 (+1.29%)
We assign a technical rating of 4 out of 10 to MGT. 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 currently trading near new highs, so MGT is lagging the market.
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 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
2.06
3.76
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.
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. |
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)
NYSEARCA:MGT (10/19/2016, 8:04:09 PM)
2.36
+0.03 (+1.29%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.29%
1 Week5.83%
2 Weeks21.65%
1 Month2.61%
3 Month-26.93%
6 Month844%
12 Month574.29%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.32
ATR(20)%11.8%
ATR Inc-19.42%
Range Today0.29
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.55
Mansfield5.63
10 Day High2.84
10 Day Low1.41
20 Day High2.84
20 Day Low1.41
52 Week High5.58
52 Week Low0.15
CS1 End2.13
CR1 Start2.51
Volume & EV
DER(3)1.76%
DER(5)1.85%
Volume2.45M
Volume Incr54.26%
Vol(5)5.03M
Vol(50)2.88M