METAGENOMI THERAPEUTICS INC (MGX) Stock Technical Analysis
NASDAQ:MGX • US59102M1045
We assign a technical rating of 0 out of 10 to MGX. MGX scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- 84% of all other stocks performed better in the past year than MGX.
- MGX is part of the Biotechnology industry. There are 521 other stocks in this industry, of which 62% are performing better than MGX.
- MGX is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month MGX has a been trading in the 1.39 - 1.68 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
MGX has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 1.42, a Stop Loss order could be placed below this zone.
More info and screens
1.39
We found 1 important support 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.
3 important resistance areas can be observed.
- 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 @2.61 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 | NEUTRAL | NEUTRAL | The short term trend for MGX is neutral. |
| ChartMill Relative Strength | 16.75 | NEGATIVE | MGX has a low relative strength, it was outperformed by 83.25% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of MGX is above 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) | 50.46 | NEUTRAL | The RSI value for MGX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests MGX has a positive trend. |
| Stochastics (14,3) | 48.33 | NEUTRAL | The Stochastics value for MGX is a neutral value. |
| Average True Range in percent/ATR (20) | 5.58 | HIGH VOLATILITY | The high ATR as a percentage value for MGX suggests high volalility. |
| Average Directional Index/ADX (14) | 15.74 | NEGATIVE | The low ADX value for MGX suggests a weak or negative trend. |
NASDAQ:MGX (2/26/2026, 2:03:10 PM)
1.5409
-0.01 (-0.59%)
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 50.4623. 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 neutral.