Taking everything into account, MGTX scores 5 out of 10 in our technical rating. In the last year, MGTX was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
Although the technical rating is only medium, MGTX does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 7.85, a Stop Loss order could be placed below this zone.
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5.89
4 important support areas can be observed.
- A support zone ranging from 7.83 to 7.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 7.42 to 7.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @7.30 from a horizontal line in the daily time frame.
- Support @5.95 from a trend line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 8.23 to 8.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 8.90 to 8.93. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @9.09 from a horizontal 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 | UP | POSITIVE | The long term trend for MGTX is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MGTX is down. |
| ChartMill Relative Strength | 82.42 | POSITIVE | MGTX has a high relative strength, it outperformed 82.42% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of MGTX is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MGTX is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MGTX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 44.91 | NEUTRAL | The RSI value for MGTX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests MGTX has a negative trend. |
| Stochastics (14,3) | 22.81 | NEUTRAL | The Stochastics value for MGTX is a neutral value. |
| Average True Range in percent/ATR (20) | 6.61 | HIGH VOLATILITY | The high ATR as a percentage value for MGTX suggests high volalility. |
| Average Directional Index/ADX (14) | 15.68 | NEGATIVE | The low ADX value for MGTX suggests a weak or negative trend. |
8.03
+0.07 (+0.88%)
MEIRAGTX HOLDINGS PLC / MGTX FAQ
Can you provide the ChartMill technical rating for MEIRAGTX HOLDINGS PLC?
ChartMill assigns a technical rating of 5 / 10 to MGTX.
Can you provide the trend direction for MEIRAGTX HOLDINGS PLC?
The current trend direction for MEIRAGTX HOLDINGS PLC (MGTX) is Bullish.
Can you provide the RSI signal for MEIRAGTX HOLDINGS PLC?
MEIRAGTX HOLDINGS PLC (MGTX) has an RSI value of 44.9097. This indicates that the stock is currently neutral.
What is the MACD signal for MEIRAGTX HOLDINGS PLC (MGTX) stock?
The MACD indicator for MEIRAGTX HOLDINGS PLC (MGTX) has a value of -0.0349069, indicating a bearish trend.
Can you provide the support and resistance levels for MEIRAGTX HOLDINGS PLC?
MEIRAGTX HOLDINGS PLC (MGTX) has a support level at 7.85 and a resistance level at 8.23. Check the full technical report for our detailed analysis of MGTX support and resistance levels.