METAGENOMI INC (MGX) Stock Technical Analysis
USA - NASDAQ:MGX - US59102M1045 - Common Stock
Overall MGX gets a technical rating of 3 out of 10. MGX has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The technical rating of MGX is bad and it also does not present a quality setup 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
1.68
We found 3 important support areas.
- Support @2.06 from a trend line in the daily time frame.
- Support @2.02 from a trend line in the weekly time frame.
- Support @1.70 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 2.21 to 2.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.98 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 | NEUTRAL | NEUTRAL | The long term trend for MGX is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MGX is down. |
| ChartMill Relative Strength | 77.81 | POSITIVE | MGX has a high relative strength, it outperformed 77.81% 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 | MIXED | The current price of MGX is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 39.54 | NEUTRAL | The RSI value for MGX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests MGX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 3.09 | OVERSOLD | The low Stochastics value suggests MGX may be oversold. |
| Average True Range in percent/ATR (20) | 12.47 | HIGH VOLATILITY | The high ATR as a percentage value for MGX suggests high volalility. |
| Average Directional Index/ADX (14) | 28.94 | POSITIVE | The high ADX value value for MGX suggests a strong trend. |
NASDAQ:MGX (11/7/2025, 4:04:06 PM)
2.16
-0.06 (-2.7%)
METAGENOMI INC / MGX FAQ
Can you provide the ChartMill technical rating for METAGENOMI INC?
ChartMill assigns a technical rating of 4 / 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 39.5392. 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 2.21 and a resistance level at 2.98. Check the full technical report for our detailed analysis of MGX support and resistance levels.