Taking everything into account, MGTX scores 4 out of 10 in our technical rating. MGTX has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
MGTX has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately.
6.10
3 important support areas can be observed.
We can see 4 important resistance areas.
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 | NEUTRAL | NEUTRAL | The short term trend for MGTX is neutral. |
| ChartMill Relative Strength | 50.69 | NEUTRAL | MGTX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MGTX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of MGTX is below the rising 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) | 50.36 | NEUTRAL | The RSI value for MGTX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests MGTX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 53.42 | NEUTRAL | The Stochastics value for MGTX is a neutral value. |
| Average True Range in percent/ATR (20) | 5.23 | HIGH VOLATILITY | The high ATR as a percentage value for MGTX suggests high volalility. |
| Average Directional Index/ADX (14) | 8.76 | NEGATIVE | The low ADX value for MGTX suggests a weak or negative trend. |
7.83
+0.22 (+2.89%)
ChartMill assigns a technical rating of 4 / 10 to MGTX.
The current trend direction for MEIRAGTX HOLDINGS PLC (MGTX) is Bearish.
MEIRAGTX HOLDINGS PLC (MGTX) has an RSI value of 50.355. This indicates that the stock is currently neutral.
The short term momentum for MEIRAGTX HOLDINGS PLC (MGTX) is neutral.
MEIRAGTX HOLDINGS PLC (MGTX) has a support level at 7.69 and a resistance level at 7.83. Check the full technical report for our detailed analysis of MGTX support and resistance levels.