MEIRAGTX HOLDINGS PLC (MGTX) Technical Analysis
NASDAQ:MGTX • KYG596651029
Current stock price
MGTX Technical Rating and Analysis
We assign a technical rating of 10 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.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that MGTX is one of the better performing stocks in the market, outperforming 91% of all stocks.
- MGTX is one of the better performing stocks in the Biotechnology industry, it outperforms 72% of 517 stocks in the same industry.
- MGTX is currently making a new 52 week high. This is a strong signal. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so MGTX is leading the market.
- In the last month MGTX has a been trading in the 6.89 - 9.88 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.
MGTX Weekly and Daily overview Charts
MGTX Setup Rating and Analysis
Although MGTX has an excellent technical rating, it does not present a decent entry opportunity 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
6.38
3 important support areas can be observed.
- Support @7.39 from a trend line in the daily time frame.
- A support zone ranging from 7.20 to 7.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @6.44 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 | UP | POSITIVE | The short term trend for MGTX is up. |
| ChartMill Relative Strength | 91.54 | POSITIVE | MGTX has a high relative strength, it outperformed 91.54% 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) | 75.01 | OVERBOUGHT | The high RSI value suggests MGTX may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.22 | POSITIVE | The MACD value suggests MGTX has a positive trend. |
| Stochastics (14,3) | 89.7 | OVERBOUGHT | The high Stochastics value suggests MGTX may be overbought. |
| Average True Range in percent/ATR (20) | 5.66 | HIGH VOLATILITY | The high ATR as a percentage value for MGTX suggests high volalility. |
| Average Directional Index/ADX (14) | 19.01 | 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
9.52
+0.34 (+3.7%)
MEIRAGTX HOLDINGS PLC / MGTX TA FAQ
Can you provide the ChartMill technical rating for MEIRAGTX HOLDINGS PLC?
ChartMill assigns a technical rating of 10 / 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 75.0146. This indicates that the stock is currently overbought.
What is the buy/sell signal for MEIRAGTX HOLDINGS PLC (MGTX) stock?
The buy/sell signal for MEIRAGTX HOLDINGS PLC (MGTX) is buy as both the short term and long term trends are positive.
What is the support and resistance level for MGTX stock?
MEIRAGTX HOLDINGS PLC (MGTX) has a support level at 7.39. Check the full technical report for our detailed analysis of MGTX support and resistance levels.