MEIRAGTX HOLDINGS PLC (MGTX) Technical Analysis
NASDAQ:MGTX • KYG596651029
Current stock price
MGTX Technical Rating and Analysis
Taking everything into account, MGTX scores 1 out of 10 in our technical rating. MGTX scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- When comparing the yearly performance of all stocks, MGTX is a bad performer in the overall market: 72% of all stocks are doing better.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- MGTX is part of the Biotechnology industry. There are 517 other stocks in this industry, MGTX did better than 45% of them.
- MGTX is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MGTX is lagging the market slightly.
- In the last month MGTX has a been trading in the 6.62 - 7.96 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
MGTX Weekly and Daily overview Charts
MGTX Setup Rating and Analysis
Although the technical rating is bad, MGTX does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 7.51. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 7.03, a Stop Loss order could be placed below this zone.
More info and screens
MGTX Support and Resistance Analysis
6.29
When analyzing the support we can see 2 important areas.
- A support zone ranging from 6.98 to 7.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @6.35 from a trend line in the weekly time frame.
We can see 5 important resistance areas.
- A resistance zone ranging from 7.51 to 7.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @7.70 from a trend line in the daily time frame.
- Resistance @7.84 from a horizontal line in the daily time frame.
- Resistance @8.11 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 8.32 to 8.32. This zone is formed by a combination of multiple trend lines in the daily time frame.
MGTX 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 | 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 | 28.99 | NEGATIVE | MGTX has a low relative strength, it was outperformed by 71.01% off all stocks 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) | 45.77 | NEUTRAL | The RSI value for MGTX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests MGTX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 65.15 | NEUTRAL | The Stochastics value for MGTX is a neutral value. |
| Average True Range in percent/ATR (20) | 5.28 | HIGH VOLATILITY | The high ATR as a percentage value for MGTX suggests high volalility. |
| Average Directional Index/ADX (14) | 9.78 | NEGATIVE | The low ADX value for MGTX suggests a weak or negative trend. |
MGTX Chart- and CandleStick Pattern Analysis
MGTX Technicals: Chart, Performance Metrics, Trend & Indicators
7.35
-0.08 (-1.08%)
MEIRAGTX HOLDINGS PLC / MGTX TA FAQ
Can you provide the ChartMill technical rating for MEIRAGTX HOLDINGS PLC?
ChartMill assigns a technical rating of 1 / 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 45.7724. 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 neutral.
What is the support and resistance level for MGTX stock?
MEIRAGTX HOLDINGS PLC (MGTX) has a support level at 7.03 and a resistance level at 7.51. Check the full technical report for our detailed analysis of MGTX support and resistance levels.