Taking everything into account, MGTX scores 5 out of 10 in our technical rating. In the last year, MGTX was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
- When comparing the yearly performance of all stocks, we notice that MGTX is one of the better performing stocks in the market, outperforming 73% of all stocks.
- In the last month MGTX has a been trading in the 7.00 - 8.35 range, which is quite wide. It is currently trading near the high of this range.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- MGTX is an average performer in the Biotechnology industry, it outperforms 61% of 525 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 an average technical rating and the quality of the presented setup is also 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
6.04
When analyzing the support we can see 2 important areas.
- A support zone ranging from 7.23 to 7.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @6.10 from a trend line in the weekly time frame.
4 important resistance areas can be observed.
- Resistance @8.67 from a trend line in the daily time frame.
- Resistance @8.90 from a horizontal line in the daily time frame.
- Resistance @9.09 from a horizontal line in the weekly time frame.
- Resistance @9.27 from a horizontal 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 | NEUTRAL | NEUTRAL | The short term trend for MGTX is neutral. |
| ChartMill Relative Strength | 73.41 | POSITIVE | MGTX has a high relative strength, it outperformed 73.41% 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) | DOWN | MIXED | The current price of MGTX is above a declining 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) | 54.69 | NEUTRAL | The RSI value for MGTX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests MGTX has a positive trend. |
| Stochastics (14,3) | 76.13 | NEUTRAL | The Stochastics value for MGTX is a neutral value. |
| Average True Range in percent/ATR (20) | 5.07 | HIGH VOLATILITY | The high ATR as a percentage value for MGTX suggests high volalility. |
| Average Directional Index/ADX (14) | 9.9 | NEGATIVE | The low ADX value for MGTX suggests a weak or negative trend. |
8.1
-0.21 (-2.53%)
MEIRAGTX HOLDINGS PLC / MGTX FAQ
Can you provide the ChartMill technical rating for MEIRAGTX HOLDINGS PLC?
ChartMill assigns a technical rating of 5 / 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 54.6949. 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 7.4 and a resistance level at 8.67. Check the full technical report for our detailed analysis of MGTX support and resistance levels.