We assign a technical rating of 9 out of 10 to MGTX. 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.
MGTX has an excellent technical rating, but the quality of the setup is only medium 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
5.86
5 important support areas can be observed.
- A support zone ranging from 8.10 to 8.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 7.66 to 7.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 7.42 to 7.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @7.30 from a horizontal line in the daily time frame.
- Support @5.92 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- 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 | 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 | 88.15 | POSITIVE | MGTX has a high relative strength, it outperformed 88.15% 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) | 58.1 | NEUTRAL | The RSI value for MGTX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests MGTX has a positive trend. |
| Stochastics (14,3) | 87.3 | OVERBOUGHT | The high Stochastics value suggests MGTX may be overbought. |
| Average True Range in percent/ATR (20) | 6.96 | HIGH VOLATILITY | The high ATR as a percentage value for MGTX suggests high volalility. |
| Average Directional Index/ADX (14) | 15.09 | NEGATIVE | The low ADX value for MGTX suggests a weak or negative trend. |
8.66
+0.01 (+0.12%)
MEIRAGTX HOLDINGS PLC / MGTX FAQ
Can you provide the ChartMill technical rating for MEIRAGTX HOLDINGS PLC?
ChartMill assigns a technical rating of 9 / 10 to MGTX.
Can you provide the trend direction for MEIRAGTX HOLDINGS PLC?
The current trend direction for MEIRAGTX HOLDINGS PLC (MGTX) is Bullish.
Can you provide the RSI signal for MEIRAGTX HOLDINGS PLC?
MEIRAGTX HOLDINGS PLC (MGTX) has an RSI value of 58.1032. This indicates that the stock is currently neutral.
What is the MACD signal for MEIRAGTX HOLDINGS PLC (MGTX) stock?
The MACD indicator for MEIRAGTX HOLDINGS PLC (MGTX) has a value of 0.105517, indicating a bearish trend.
Can you provide the support and resistance levels for MEIRAGTX HOLDINGS PLC?
MEIRAGTX HOLDINGS PLC (MGTX) has a support level at 8.33 and a resistance level at 9.27. Check the full technical report for our detailed analysis of MGTX support and resistance levels.