METAGENOMI INC (MGX) Stock Technical Analysis
NASDAQ:MGX - US59102M1045 - Common Stock
1.82 USD
+0.08 (+4.6%)
1.79 USD
-0.03 (-1.65%)
We assign a technical rating of 2 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 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: 87% of all stocks are doing better.
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 1.73 - 2.32 range, which is quite wide. It is currently trading near the lows of this range.
MGX is an average performer in the Biotechnology industry, it outperforms 45% of 542 stocks in the same industry.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, MGX does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 1.88. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 1.73, a Stop Loss order could be placed below this zone.
More info and screens
1.40
2.43
4 important support areas can be observed.
- A support zone ranging from 1.73 to 1.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.57 from a trend line in the daily time frame.
- Support @1.45 from a horizontal line in the daily time frame.
- Support @1.41 from a horizontal line in the weekly time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 1.88 to 1.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.12 from a trend line in the weekly time frame.
- Resistance @2.24 from a trend line in the daily time frame.
- Resistance @2.41 from a trend 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 | 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 | 13.66 | NEGATIVE | MGX has a low relative strength, it was outperformed by 86.34% 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) | UP | MIXED | The current price of MGX is below the rising 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) | 43.27 | NEUTRAL | The RSI value for MGX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests MGX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 23.75 | NEUTRAL | The Stochastics value for MGX is a neutral value. |
| Average True Range in percent/ATR (20) | 7.39 | HIGH VOLATILITY | The high ATR as a percentage value for MGX suggests high volalility. |
| Average Directional Index/ADX (14) | 15.93 | NEGATIVE | The low ADX value for MGX suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
1.82
+0.08 (+4.6%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg4.6%
1 Week-3.19%
2 Weeks-5.21%
1 Month-20.87%
3 Month5.2%
6 Month-12.08%
12 Month-33.09%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.12
ATR(20)%7.39%
ATR Inc-0.06%
Range Today0.1
ADR(20)0.13
ADR(20)%7.29%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS13.66
Mansfield-2.04
10 Day High2
10 Day Low1.73
20 Day High2.32
20 Day Low1.73
52 Week High4.92
52 Week Low1.23
CS1 End1.73
CR1 Start1.88
Volume & EV
DER(3)-2.81%
DER(5)-3.94%
Volume192.10K
Volume Incr-53.02%
Vol(5)172.32K
Vol(50)655.21K