Taking everything into account, MGX scores 1 out of 10 in our technical rating. 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.
Although the technical rating is bad, MGX does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. 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
1.49
When analyzing the support we can see 2 important areas.
- Support @1.66 from a trend line in the daily time frame.
- A support zone ranging from 1.51 to 1.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 1.72 to 1.73. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @1.79 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 1.83 to 1.83. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @2.82 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 | DOWN | NEGATIVE | The short term trend for MGX is down. |
| ChartMill Relative Strength | 8.12 | NEGATIVE | MGX has a low relative strength, it was outperformed by 91.88% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of MGX is below the rising 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) | 44.6 | NEUTRAL | The RSI value for MGX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests MGX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 42.31 | NEUTRAL | The Stochastics value for MGX is a neutral value. |
| Average True Range in percent/ATR (20) | 6.32 | HIGH VOLATILITY | The high ATR as a percentage value for MGX suggests high volalility. |
| Average Directional Index/ADX (14) | 17.77 | NEGATIVE | The low ADX value for MGX suggests a weak or negative trend. |
NASDAQ:MGX (12/26/2025, 8:01:39 PM)
1.7
-0.04 (-2.3%)
METAGENOMI INC / MGX FAQ
Can you provide the ChartMill technical rating for METAGENOMI INC?
ChartMill assigns a technical rating of 1 / 10 to MGX.
Can you provide the trend direction for METAGENOMI INC?
The current trend direction for METAGENOMI INC (MGX) is Bearish.
What is the RSI signal for MGX stock?
METAGENOMI INC (MGX) has an RSI value of 44.603. This indicates that the stock is currently neutral.
What is the short term momentum for METAGENOMI INC (MGX) stock?
The short term momentum for METAGENOMI INC (MGX) is negative.
What is the support and resistance level for MGX stock?
METAGENOMI INC (MGX) has a support level at 1.66 and a resistance level at 1.72. Check the full technical report for our detailed analysis of MGX support and resistance levels.