METAGENOMI THERAPEUTICS INC (MGX) Technical Analysis
NASDAQ:MGX • US59102M1045
Current stock price
MGX Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to MGX. 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.
- 79% of all other stocks performed better in the past year than MGX.
- MGX is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so MGX is lagging the market.
- In the last month MGX has a been trading in the 1.40 - 1.82 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- MGX is part of the Biotechnology industry. There are 518 other stocks in this industry, MGX did better than 40% of them.
MGX Weekly and Daily overview Charts
MGX Setup Rating and Analysis
Although the technical rating is bad, MGX does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 1.43, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for MGX in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
MGX Support and Resistance Analysis
1.39
When analyzing the support we notice one important area.
- A support zone ranging from 1.40 to 1.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 6 important resistance areas.
- A resistance zone ranging from 1.53 to 1.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.64 from a trend line in the daily time frame.
- Resistance @1.76 from a horizontal line in the daily time frame.
- Resistance @1.80 from a horizontal line in the daily time frame.
- Resistance @1.83 from a horizontal line in the daily time frame.
- Resistance @2.54 from a trend line in the weekly time frame.
MGX 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 | 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 | 21.17 | NEGATIVE | MGX has a low relative strength, it was outperformed by 78.83% 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) | 45.57 | 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. |
| Stochastics (14,3) | 9.63 | OVERSOLD | The low Stochastics value suggests MGX may be oversold. |
| Average True Range in percent/ATR (20) | 7.77 | HIGH VOLATILITY | The high ATR as a percentage value for MGX suggests high volalility. |
| Average Directional Index/ADX (14) | 16.97 | NEGATIVE | The low ADX value for MGX suggests a weak or negative trend. |
MGX Chart- and CandleStick Pattern Analysis
MGX Technicals: Chart, Performance Metrics, Trend & Indicators
1.47
+0.03 (+2.08%)
METAGENOMI THERAPEUTICS INC / MGX TA 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 45.5732. 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.