MEIRAGTX HOLDINGS PLC (MGTX) Stock Technical Analysis
NASDAQ:MGTX • KYG596651029
Overall MGTX gets a technical rating of 0 out of 10. MGTX'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.
- When comparing the yearly performance of all stocks, MGTX is a bad performer in the overall market: 63% of all stocks are doing better.
- In the last month MGTX has a been trading in the 7.16 - 8.31 range, which is quite wide. It is currently trading near the lows of this range.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- MGTX is an average performer in the Biotechnology industry, it outperforms 52% of 520 stocks in the same industry.
- MGTX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MGTX is lagging the market.
MGTX has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 7.46. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 7.40, a Stop Loss order could be placed below this zone.
More info and screens
6.16
When analyzing the support we can see 2 important areas.
- A support zone ranging from 7.19 to 7.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @6.22 from a trend line in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 7.46 to 7.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @8.11 from a horizontal line in the weekly time frame.
- Resistance @8.32 from a horizontal line in the daily time frame.
- Resistance @8.50 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 MGTX is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MGTX is down. |
| ChartMill Relative Strength | 37.71 | NEUTRAL | MGTX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MGTX is below a declining 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 | MIXED | The current price of MGTX is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.76 | NEUTRAL | The RSI value for MGTX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests MGTX has a negative trend. |
| Stochastics (14,3) | 31.35 | NEUTRAL | The Stochastics value for MGTX is a neutral value. |
| Average True Range in percent/ATR (20) | 4.99 | MEDIUM VOLATILITY | The ATR as a percentage value for MGTX suggests some volalility. |
| Average Directional Index/ADX (14) | 12.17 | NEGATIVE | The low ADX value for MGTX suggests a weak or negative trend. |
7.45
-0.09 (-1.19%)
MEIRAGTX HOLDINGS PLC / MGTX FAQ
Can you provide the ChartMill technical rating for MEIRAGTX HOLDINGS PLC?
ChartMill assigns a technical rating of 0 / 10 to MGTX.
What is the trend direction for MGTX stock?
The current trend direction for MEIRAGTX HOLDINGS PLC (MGTX) is Bearish.
Can you provide the RSI signal for MEIRAGTX HOLDINGS PLC?
MEIRAGTX HOLDINGS PLC (MGTX) has an RSI value of 45.7555. This indicates that the stock is currently neutral.
What is the short term momentum for MGTX stock?
The short term momentum for MEIRAGTX HOLDINGS PLC (MGTX) is negative.
What is the support and resistance level for MGTX stock?
MEIRAGTX HOLDINGS PLC (MGTX) has a support level at 7.4 and a resistance level at 7.46. Check the full technical report for our detailed analysis of MGTX support and resistance levels.