MEIRAGTX HOLDINGS PLC (MGTX) Technical Analysis
NASDAQ:MGTX • KYG596651029
Current stock price
MGTX Technical Rating and Analysis
Taking everything into account, MGTX scores 8 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MGTX is showing a nice and steady performance.
- In the last month MGTX has a been trading in the 8.28 - 11.85 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- When comparing the yearly performance of all stocks, we notice that MGTX is one of the better performing stocks in the market, outperforming 79% of all stocks.
- MGTX is part of the Biotechnology industry. There are 515 other stocks in this industry, MGTX did better than 61% of them.
- 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 Weekly and Daily overview Charts
MGTX Setup Rating and Analysis
Although MGTX has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
MGTX Support and Resistance Analysis
6.46
We found 4 important support areas.
- A support zone ranging from 9.07 to 9.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @7.38 from a trend line in the weekly time frame.
- Support @7.20 from a horizontal line in the daily time frame.
- Support @6.53 from a trend line in the weekly 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 | UP | POSITIVE | The long term trend for MGTX is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MGTX is neutral. |
| ChartMill Relative Strength | 79.72 | POSITIVE | MGTX has a high relative strength, it outperformed 79.72% 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) | UP | POSITIVE | The current price of MGTX is above 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) | 48.82 | NEUTRAL | The RSI value for MGTX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.18 | NEGATIVE | The MACD value suggests MGTX has a negative trend. |
| Stochastics (14,3) | 12.8 | OVERSOLD | The low Stochastics value suggests MGTX may be oversold. |
| Average True Range in percent/ATR (20) | 8.54 | HIGH VOLATILITY | The high ATR as a percentage value for MGTX suggests high volalility. |
| Average Directional Index/ADX (14) | 19.24 | 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
9.08
-0.05 (-0.55%)
MEIRAGTX HOLDINGS PLC / MGTX TA FAQ
Can you provide the ChartMill technical rating for MEIRAGTX HOLDINGS PLC?
ChartMill assigns a technical rating of 8 / 10 to MGTX.
What is the trend direction for MGTX stock?
The current trend direction for MEIRAGTX HOLDINGS PLC (MGTX) is Bullish.
What is the RSI signal for MGTX stock?
MEIRAGTX HOLDINGS PLC (MGTX) has an RSI value of 48.8153. This indicates that the stock is currently neutral.
What are the support and resistance levels for MEIRAGTX HOLDINGS PLC (MGTX) stock?
MEIRAGTX HOLDINGS PLC (MGTX) has a support level at 9.07. Check the full technical report for our detailed analysis of MGTX support and resistance levels.