MAGENTA THERAPEUTICS INC (MGTA) Technical Analysis
NASDAQ:MGTA • US55910K1088
Current stock price
MGTA Technical Rating and Analysis
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.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 85% of all other stocks performed better in the past year than MGTA.
- MGTA is part of the Biotechnology industry. There are 516 other stocks in this industry, of which 67% are performing better than MGTA.
- MGTA 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 MGTA has a been trading in the 0.68 - 0.83 range, which is quite wide. It is currently trading near the lows of this range.
MGTA Weekly and Daily overview Charts
MGTA Setup Rating and Analysis
MGTA has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately.
More info and screens
MGTA Support and Resistance Analysis
0.61
2 important support areas can be observed.
- Support @0.63 from a horizontal line in the weekly time frame.
- Support @0.62 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- 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.
MGTA 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 | 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. |
MGTA Chart- and CandleStick Pattern Analysis
MGTA Technicals: Chart, Performance Metrics, Trend & Indicators
NASDAQ:MGTA (9/11/2023, 8:06:21 PM)
0.6996
-0.06 (-7.74%)
MAGENTA THERAPEUTICS INC / MGTA TA 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 trend direction for MGTA stock?
The current trend direction for MAGENTA THERAPEUTICS INC (MGTA) is Bearish.
What is the RSI signal for MAGENTA THERAPEUTICS INC (MGTA) stock?
MAGENTA THERAPEUTICS INC (MGTA) has an RSI value of 36.8297. This indicates that the stock is currently neutral.
Can you provide the MACD signal for MAGENTA THERAPEUTICS INC?
The MACD indicator for MAGENTA THERAPEUTICS INC (MGTA) has a value of -0.00378797, indicating a bearish trend.
What is the buy/sell signal for MGTA stock?
The buy/sell signal for MAGENTA THERAPEUTICS INC (MGTA) is sell as both the short term and long term trends are negative.