MAGENTA THERAPEUTICS INC (MGTA) Stock Technical Analysis
USA - NASDAQ:MGTA - US55910K1088 - Common Stock
Overall MGTA gets a technical rating of 0 out of 10. MGTA's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
MGTA has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately.
More info and screens
0.61
We found 2 important support areas.
- Support @0.63 from a horizontal line in the weekly time frame.
- Support @0.62 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 0.75 to 0.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Strong resistance @0.81 from a horizontal 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 MGTA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MGTA is down. |
| ChartMill Relative Strength | 15.82 | NEGATIVE | MGTA has a low relative strength, it was outperformed by 84.18% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MGTA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MGTA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MGTA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 36.83 | NEUTRAL | The RSI value for MGTA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests MGTA has a negative trend. |
| Stochastics (14,3) | 41.86 | NEUTRAL | The Stochastics value for MGTA is a neutral value. |
| Average True Range in percent/ATR (20) | 6.95 | HIGH VOLATILITY | The high ATR as a percentage value for MGTA suggests high volalility. |
| Average Directional Index/ADX (14) | 20.65 | NEUTRAL | The ADX value for MGTA suggests a possible start of a new trend. |
NASDAQ:MGTA (9/11/2023, 8:06:21 PM)
0.6996
-0.06 (-7.74%)
MAGENTA THERAPEUTICS INC / MGTA FAQ
Can you provide the ChartMill technical rating for MAGENTA THERAPEUTICS INC?
ChartMill assigns a technical rating of 0 / 10 to MGTA.
What is the current trend direction of MAGENTA THERAPEUTICS INC (MGTA) stock?
The current trend direction for MAGENTA THERAPEUTICS INC (MGTA) is Bearish.
What is the RSI signal for MGTA stock?
MAGENTA THERAPEUTICS INC (MGTA) has an RSI value of 36.8297. This indicates that the stock is currently neutral.
What is the short term momentum for MAGENTA THERAPEUTICS INC (MGTA) stock?
The short term momentum for MAGENTA THERAPEUTICS INC (MGTA) is negative.
What is the buy/sell signal for MAGENTA THERAPEUTICS INC (MGTA) stock?
The buy/sell signal for MAGENTA THERAPEUTICS INC (MGTA) is sell as both the short term and long term trends are negative.