METAGENOMI INC (MGX) Stock Technical Analysis
NASDAQ:MGX - Nasdaq - US59102M1045 - Common Stock - Currency: USD
Taking everything into account, MGX scores 7 out of 10 in our technical rating. In the last year, MGX was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
MGX is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MGX is lagging the market.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
When compared to the yearly performance of all other stocks, MGX outperforms 42% of them, which is more or less in line with the market.
MGX is part of the Biotechnology industry. There are 553 other stocks in this industry, MGX did better than 66% of them.
In the last month MGX has a been trading in the 1.65 - 2.85 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
MGX has an excellent technical rating, but the quality of the setup is 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
1.44
2.49
We found 3 important support areas.
- A support zone ranging from 2.22 to 2.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.50 from a trend line in the daily time frame.
- Support @1.45 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 2.44 to 2.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The long term trend for MGX is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MGX is up. |
| ChartMill Relative Strength | 42.72 | NEUTRAL | MGX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MGX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MGX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MGX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.1 | NEUTRAL | The RSI value for MGX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests MGX has a negative trend. |
| Stochastics (14,3) | 33.72 | NEUTRAL | The Stochastics value for MGX is a neutral value. |
| Average True Range in percent/ATR (20) | 10.93 | HIGH VOLATILITY | The high ATR as a percentage value for MGX suggests high volalility. |
| Average Directional Index/ADX (14) | 42.92 | POSITIVE | The high ADX value value for MGX suggests a strong 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)
2.25
-0.05 (-2.17%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-2.17%
1 Week-7.41%
2 Weeks13.07%
1 Month34.73%
3 Month39.75%
6 Month-16.36%
12 Month-38.02%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.24
ATR(20)%10.93%
ATR Inc-30.55%
Range Today0.13
ADR(20)0.23
ADR(20)%10.35%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS42.72
Mansfield-0.48
10 Day High2.85
10 Day Low2.05
20 Day High2.85
20 Day Low1.65
52 Week High4.92
52 Week Low1.23
CS1 End2.24
CR1 Start2.44
Volume & EV
DER(3)-1.92%
DER(5)-1.52%
Volume319.00K
Volume Incr-29.6%
Vol(5)720.28K
Vol(50)703.94K