METAGENOMI THERAPEUTICS INC (MGX) Technical Analysis
NASDAQ:MGX • US59102M1045
Current stock price
1.4 USD
+0.02 (+1.45%)
At close:
1.4 USD
0 (0%)
After Hours:
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 long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- When comparing the yearly performance of all stocks, MGX is a bad performer in the overall market: 82% of all stocks are doing better.
- MGX is part of the Biotechnology industry. There are 516 other stocks in this industry, of which 64% are performing better than MGX.
- 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 1.25 - 1.52 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
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.
More info and screens
MGX Support and Resistance Analysis
1.39
2.47
We can see 6 important resistance areas.
- A resistance zone ranging from 1.41 to 1.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.73 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 @2.45 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 | NEUTRAL | NEUTRAL | The short term trend for MGX is neutral. |
| ChartMill Relative Strength | 18.9 | NEGATIVE | MGX has a low relative strength, it was outperformed by 81.1% 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) | 47.69 | 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) | 66.26 | NEUTRAL | The Stochastics value for MGX is a neutral value. |
| Average True Range in percent/ATR (20) | 5.38 | HIGH VOLATILITY | The high ATR as a percentage value for MGX suggests high volalility. |
| Average Directional Index/ADX (14) | 9.39 | NEGATIVE | The low ADX value for MGX suggests a weak or negative trend. |
MGX Chart- and CandleStick Pattern Analysis
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)
MGX Technicals: Chart, Performance Metrics, Trend & Indicators
1.4
+0.02 (+1.45%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg1.45%
1 Week2.94%
2 Weeks6.06%
1 Month-4.11%
3 Month-15.66%
6 Month-54.1%
12 Month-7.89%
2 Year-80.06%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.08
ATR(20)%5.38%
ATR Inc-49.24%
Range Today0.06
ADR(20)0.07
ADR(20)%5.24%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS18.9
3 months CRS20.84
6 months CRS8.07
Mansfield-2.69
10 Day High1.44
10 Day Low1.25
20 Day High1.52
20 Day Low1.25
52 Week High3.95
52 Week Low1.25
CS1 EndN/A
CR1 Start1.41
Volume & EV
DER(3)-0.14%
DER(5)-4.2%
Volume130.30K
Volume Incr-50.14%
Vol(5)130.70K
Vol(50)241.28K
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 trend direction for MGX stock?
The current trend direction for METAGENOMI THERAPEUTICS INC (MGX) is Bearish.
What is the RSI signal for METAGENOMI THERAPEUTICS INC (MGX) stock?
METAGENOMI THERAPEUTICS INC (MGX) has an RSI value of 47.6925. This indicates that the stock is currently neutral.
Can you provide the short term momentum for METAGENOMI THERAPEUTICS INC?
The short term momentum for METAGENOMI THERAPEUTICS INC (MGX) is neutral.
What is the support and resistance level for MGX stock?
METAGENOMI THERAPEUTICS INC (MGX) has a resistance level at 1.41. Check the full technical report for our detailed analysis of MGX support and resistance levels.