METAGENOMI THERAPEUTICS INC (MGX) Stock Technical Analysis
NASDAQ:MGX • US59102M1045
Overall MGX gets a technical rating of 0 out of 10. MGX's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, MGX is a bad performer in the overall market: 88% of all stocks are doing better.
- MGX is one of the lesser performing stocks in the Biotechnology industry. 67% of 523 stocks in the same industry do better.
- MGX is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month MGX has a been trading in the 1.39 - 1.80 range, which is quite wide. It is currently trading near the lows of this range.
MGX has a poor technical rating and the quality of the setup is also 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
1.39
When analyzing the support we notice one important area.
- A support zone ranging from 1.40 to 1.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
6 important resistance areas can be observed.
- Resistance @1.45 from a horizontal line in the daily time frame.
- A resistance zone ranging from 1.58 to 1.58. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 1.66 to 1.68. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @1.76 from a horizontal line in the daily time frame.
- A resistance zone ranging from 1.82 to 1.83. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @2.65 from a trend line in the weekly 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 | DOWN | NEGATIVE | The long term trend for MGX is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MGX is down. |
| ChartMill Relative Strength | 12.19 | NEGATIVE | MGX has a low relative strength, it was outperformed by 87.81% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MGX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MGX is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MGX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 37.93 | NEUTRAL | The RSI value for MGX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests MGX has a negative trend. |
| Stochastics (14,3) | 31.65 | NEUTRAL | The Stochastics value for MGX is a neutral value. |
| Average True Range in percent/ATR (20) | 5.96 | HIGH VOLATILITY | The high ATR as a percentage value for MGX suggests high volalility. |
| Average Directional Index/ADX (14) | 13.8 | NEGATIVE | The low ADX value for MGX suggests a weak or negative trend. |
NASDAQ:MGX (2/12/2026, 8:00:35 PM)
1.45
-0.07 (-4.61%)
METAGENOMI THERAPEUTICS INC / MGX FAQ
Can you provide the ChartMill technical rating for METAGENOMI THERAPEUTICS INC?
ChartMill assigns a technical rating of 0 / 10 to MGX.
What is the current trend direction of METAGENOMI THERAPEUTICS INC (MGX) stock?
The current trend direction for METAGENOMI THERAPEUTICS INC (MGX) is Bearish.
What is the RSI signal for MGX stock?
METAGENOMI THERAPEUTICS INC (MGX) has an RSI value of 37.9296. This indicates that the stock is currently neutral.
What is the short term momentum for MGX stock?
The short term momentum for METAGENOMI THERAPEUTICS INC (MGX) is negative.
What is the buy/sell signal for MGX stock?
The buy/sell signal for METAGENOMI THERAPEUTICS INC (MGX) is sell as both the short term and long term trends are negative.