MEIRAGTX HOLDINGS PLC (MGTX) Stock Technical Analysis
NASDAQ:MGTX - Nasdaq - KYG596651029 - Common Stock - Currency: USD
Taking everything into account, MGTX scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, MGTX has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, MGTX did better than 95% of all other stocks.
MGTX is part of the Biotechnology industry. There are 558 other stocks in this industry. MGTX outperforms 92% of them.
MGTX is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month MGTX has a been trading in the 6.07 - 8.92 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although MGTX has an excellent technical rating, it does not offer a high quality setup 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
4.75
8.98
2 important support areas can be observed.
- Support @5.27 from a trend line in the weekly time frame.
- Support @4.80 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 | UP | POSITIVE | The long term trend for MGTX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MGTX is up. |
| ChartMill Relative Strength | 95.69 | POSITIVE | MGTX has a high relative strength, it outperformed 95.69% off all stocks 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 | 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) | 79.45 | OVERBOUGHT | The high RSI value suggests MGTX may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.2 | POSITIVE | The MACD value suggests MGTX has a positive trend. |
| Stochastics (14,3) | 94.54 | OVERBOUGHT | The high Stochastics value suggests MGTX may be overbought. |
| Average True Range in percent/ATR (20) | 4.77 | MEDIUM VOLATILITY | The ATR as a percentage value for MGTX suggests some volalility. |
| Average Directional Index/ADX (14) | 34.9 | POSITIVE | The high ADX value value for MGTX suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
8.89
+0.42 (+4.96%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg4.96%
1 Week14.86%
2 Weeks34.49%
1 Month34.9%
3 Month64.33%
6 Month42.01%
12 Month101.13%
2 Year41.11%
3 Year7.37%
5 Year-31.56%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.46
ATR(20)%4.77%
ATR Inc8.67%
Range Today0.54
ADR(20)0.42
ADR(20)%4.73%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.69
Mansfield3.87
10 Day High8.92
10 Day Low6.31
20 Day High8.92
20 Day Low6.07
52 Week High8.92
52 Week Low3.85
CS1 End5.27
CR1 StartN/A
Volume & EV
DER(3)-3.6%
DER(5)-2.15%
Volume626.40K
Volume Incr75.33%
Vol(5)843.03K
Vol(50)580.67K